REGISTERED NUMBER: 07211976 (England and Wales)

Unaudited Financial Statements

for the Period

1 November 2023 to 31 December 2024

for

Maazi Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Shabir

REGISTERED OFFICE:

The Ritz Building

25 Causeway Lane

Matlock

Derbyshire

DE4 3AR

REGISTERED NUMBER:

07211976 (England and Wales)

ACCOUNTANTS:

Bourne & Co.

Chartered Accountants

47a Queen Street

Derby

Derbyshire

DE1 3DE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

82,216

16,799

Investments

6

77,887

77,887

160,103

94,686

CURRENT ASSETS

Stocks

3,572

3,572

Debtors: amounts falling due within one year

7

85,309

61,271

Debtors: amounts falling due after more than one year

7

720,056

664,071

Cash at bank and in hand

17,479

10,786

826,416

739,700

CREDITORS

Amounts falling due within one year

8

361,909

230,615

NET CURRENT ASSETS

464,507

509,085

TOTAL ASSETS LESS CURRENT LIABILITIES

624,610

603,771

CREDITORS

Amounts falling due after more than one year

9

(14,412

)

(57,667

)

PROVISIONS FOR LIABILITIES

(11,751

)

(1,391

)

NET ASSETS

598,447

544,713

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

598,446

544,712

598,447

544,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

I Shabir - Director

1.	STATUTORY INFORMATION

Maazi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirers interest in the fair value of its identifiable assets and liabilities of the acquiree at the time of the acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the remaining term of the lease

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in profit and loss account when due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 December 2024

130,000

AMORTISATION

At 1 November 2023

and 31 December 2024

130,000

NET BOOK VALUE

At 31 December 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2023

104,001

51,241

3,800

159,042

Additions

-

69,515

-

69,515

At 31 December 2024

104,001

120,756

3,800

228,557

DEPRECIATION

At 1 November 2023

104,001

37,802

440

142,243

Charge for period

-

3,258

840

4,098

At 31 December 2024

104,001

41,060

1,280

146,341

NET BOOK VALUE

At 31 December 2024

-

79,696

2,520

82,216

At 31 October 2023

-

13,439

3,360

16,799

6.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 November 2023

and 31 December 2024

77,887

NET BOOK VALUE

At 31 December 2024

77,887

At 31 October 2023

77,887

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

13,149

4,962

Other debtors

72,160

56,309

85,309

61,271

Amounts falling due after more than one year:

Amounts owed by group undertakings

205,249

163,702

Other debtors

514,807

500,369

720,056

664,071

Aggregate amounts

805,365

725,342

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

34,600

34,600

Trade creditors

165,990

26,399

Taxation and social security

140,868

149,883

Other creditors

20,451

19,733

361,909

230,615

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

14,412

57,667

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

16,560

16,560

Between one and five years

66,240

66,240

In more than five years

8,280

8,280

91,080

91,080