MAFN LIMITED - Filleted accounts

Registered number

SC480785

MAFN LIMITED

Filleted Accounts

31 October 2025

MAFN LIMITED
Registered number:		SC480785
Balance Sheet
as at 31 October 2025


Notes			2025		2024
			£		£
Fixed assets
Tangible assets	3		25,612		28,457

Current assets
Stocks		56,165		54,363
Debtors	4	564		988
Cash at bank and in hand		46,757		45,240
		103,486		100,591

Creditors: amounts falling due within one year	5	(25,902)		(11,818)

Net current assets			77,584		88,773

Total assets less current liabilities			103,196		117,230

Creditors: amounts falling due after more than one year	6		(10,834)		(33,254)



Net assets			92,362		83,976

Capital and reserves
Called up share capital			100		100
Profit and loss account			92,262		83,876

Shareholders' funds			92,362		83,976

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs Almas Sarwar
Director
Approved by the board on 8 June 2026

MAFN LIMITED
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	10% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current and deferred tax assets and liabilities are not discounted.



2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
		Fixture & fittings	Motor vehicle		Total
		£	£		£
	Cost
	At 1 November 2024	40,167	15,247		55,414
	At 31 October 2025	40,167	15,247		55,414

	Depreciation
	At 1 November 2024	19,003	7,954		26,957
	Charge for the year	2,116	729		2,845
	At 31 October 2025	21,119	8,683		29,802

	Net book value
	At 31 October 2025	19,048	6,564		25,612
	At 31 October 2024	21,164	7,293		28,457


4	Debtors		2025		2024
			£		£

	Trade debtors		564		988


5	Creditors: amounts falling due within one year		2025		2024
			£		£

	Trade creditors		13,935		1,406
	Taxation and social security costs		8,950		7,033
	Other creditors		3,017		3,379
			25,902		11,818


6	Creditors: amounts falling due after one year		2025		2024
			£		£

	Director's loan account		10,834		33,254