Company Registration No. 07541920 (England and Wales)
MOFAZ F&B LIMITED
Unaudited Financial Statements
for the year ended 31 July 2024
MOFAZ F&B LIMITED
Unaudited Financial Statements
Contents
MOFAZ F&B LIMITED
Company Information
for the year ended 31 July 2024
Directors
Mohamed Ferhan Mohamed Fauzy
Adelita Adriana Shah
Company Number
07541920 (England and Wales)
Registered Office
190 Sussex Gardens
London
W2 1TU
United Kingdom
MOFAZ F&B LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
3,075
4,913
Cash at bank and in hand
-
35,874
Creditors: amounts falling due within one year
2,695
(36,613)
Net current assets
122,395
118,961
Total assets less current liabilities
125,470
123,874
Creditors: amounts falling due after more than one year
(42,439)
(47,357)
Called up share capital
2
2
Profit and loss account
83,029
76,515
Shareholders' funds
83,031
76,517
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
Mohamed Ferhan Mohamed Fauzy
Director
Company Registration No. 07541920
MOFAZ F&B LIMITED
Notes to the Accounts
for the year ended 31 July 2024
MOFAZ F&B LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07541920. The registered office is 190 Sussex Gardens, London, W2 1TU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
The total current assets exceeds the total current liabilities of the company as at 31th July 2024. The level of turnover is expected to increase. It is on this basis Accounts have been prepared on the going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
MOFAZ F&B LIMITED
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
119,700
119,700
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,041
-
Trade creditors
8,501
35,331
Taxes and social security
2,734
4,267
Loans from directors
(23,391)
(7,129)
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
21,000
21,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Mohamed Ferhan Mohamed Fauzy
Directors Loan
(7,129)
-
16,262
(23,391)
MOFAZ F&B LIMITED
Notes to the Accounts
for the year ended 31 July 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).