REGISTERED NUMBER: 11772911 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

MUGA ROSADO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G KIOURTZIDIS

REGISTERED OFFICE:

50 Roundhills

Waltham Abbey

Essex

EN9 1TP

REGISTERED NUMBER:

11772911 (England and Wales)

ACCOUNTANTS:

GCA Associates

50 Roundhills

Waltham Abbey

Essex

EN9 1TP

FIXED ASSETS

Tangible assets

4

49,230

46,848

CURRENT ASSETS

Stocks

978

1,183

Debtors

5

72,442

120,000

Cash at bank and in hand

44,496

14,828

117,916

136,011

CREDITORS

Amounts falling due within one year

6

87,934

103,477

NET CURRENT ASSETS

29,982

32,534

TOTAL ASSETS LESS CURRENT LIABILITIES

79,212

79,382

CREDITORS

Amounts falling due after more than one year

7

26,964

33,452

NET ASSETS

52,248

45,930

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

52,148

45,830

SHAREHOLDERS' FUNDS

52,248

45,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 14 October 2025 and were signed by:

G KIOURTZIDIS - Director

1.	STATUTORY INFORMATION

MUGA ROSADO LTD 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.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

43,702

50,400

6,712

100,814

Additions

14,800

-

3,999

18,799

At 31 January 2025

58,502

50,400

10,711

119,613

DEPRECIATION

At 1 February 2024

21,079

26,175

6,712

53,966

Charge for year

9,361

6,056

1,000

16,417

At 31 January 2025

30,440

32,231

7,712

70,383

NET BOOK VALUE

At 31 January 2025

28,062

18,169

2,999

49,230

At 31 January 2024

22,623

24,225

-

46,848

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Amounts owed by participating interests

40,000

40,000

Other debtors

32,442

80,000

72,442

120,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

81,778

89,859

Taxation and social security

6,156

13,618

87,934

103,477

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

26,964

33,452

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1.00

100

100

9.

RESERVES

Retained

earnings

£

At 1 February 2024

45,830

Profit for the year

18,318

Dividends

(12,000

)

At 31 January 2025

52,148

10.	RELATED PARTY DISCLOSURES

Included in debtors falling due within one year is an amount of £40,000 (2024: £40,000) due from Naxos Headbase Ltd. The company is connected by the mutual director Mr G Kiourtzidis.No interest has been charged during the year.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is G KIOURTZIDIS.