Company Registration No. 04726234 (England and Wales)
Mosaic Contour Grinders Limited
Unaudited accounts
for the year ended 31 January 2025
Mosaic Contour Grinders Limited
Unaudited accounts
Contents
Mosaic Contour Grinders Limited
Company Information
for the year ended 31 January 2025
Company Number
04726234 (England and Wales)
Registered Office
6 POPLAR CLOSE
GARSINGTON
OXFORD
OXFORDSHIRE
OX44 9BP
Accountants
Tax Ninja Limited
32 Lucerne Avenue
Bicester
Oxfordshire
OX26 3EL
Mosaic Contour Grinders Limited
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
19,129
8,107
Creditors: amounts falling due within one year
3,080
(7,484)
Net current assets
70,384
61,615
Called up share capital
1
1
Profit and loss account
71,212
62,857
Shareholders' funds
71,213
62,858
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 31 March 2026 and were signed on its behalf by
Martin Gibson
Director
Company Registration No. 04726234
Mosaic Contour Grinders Limited
Notes to the Accounts
for the year ended 31 January 2025
Mosaic Contour Grinders Limited is a private company, limited by shares, registered in England and Wales, registration number 04726234. The registered office is 6 POPLAR CLOSE, GARSINGTON, OXFORD, OXFORDSHIRE, OX44 9BP.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
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:
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Mosaic Contour Grinders Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
4,419
2,210
6,629
At 31 January 2025
4,419
2,210
6,629
At 1 February 2024
4,419
967
5,386
Charge for the year
-
414
414
At 31 January 2025
4,419
1,381
5,800
At 31 January 2025
-
829
829
At 31 January 2024
-
1,243
1,243
Amounts falling due within one year
Trade debtors
12,465
41,139
Accrued income and prepayments
(1,150)
(1,150)
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,000
-
Trade creditors
17,450
15,825
Taxes and social security
(26,080)
(9,087)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).