Mabiko Ltd

	Page
Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3—5

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 8 March 2024	1	-	1
Loss for the period and total comprehensive income	-	(362 )	(362)

As at 31 March 2025 and 1 April 2025	1	(362 )	(361)


Loss for the year and total comprehensive income	-	(1,786 )	(1,786)

As at 31 March 2026	1	(2,148 )	(2,147)

1. General Information

Mabiko Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15547822 . The registered office is Dryslwyn Cottage, Dryslwyn, Carmarthen, SA32 8RN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other

Financial Instruments issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method 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.

Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from related parties are classified as debt, are

initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the

debtinstrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price andsubsequently measured at amortised cost using the

effective interest method.

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Mabiko Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks. Bank overdrafts are shown within borrowings in current liabilities.

2.7. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.8. Interest receivable

Interest receivable relates to interest earned from the company's savings and investment accounts. The interest is recognised on an accruals basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 March 2025
	£	£
Accruals and deferred income	250	250
Directors' loan accounts	3,631	2,073

	3,881	2,323

5. Share Capital

	31 March 2026	31 March 2025
	£	£
Allotted, Called up and fully paid	1	1

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Mabiko Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Contingent Liabilities

There were no contingent laibilities as at the reporting date (2025: £Nil).

7. Post Balance Sheet Events

There are no post balance sheet events after the reporting date.

8. Ultimate Controlling Party

The company's ultimate controlling party is Tapelo Thulani Mguni by virtue of his ownership of 100% of the issued share capital in the company.

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		31 March 2026		31 March 2025
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		1,734		1,962

		1,734		1,962
Creditors: Amounts Falling Due Within One Year	4	(3,881 )		(2,323 )

NET CURRENT ASSETS (LIABILITIES)			(2,147 )		(361 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,147 )		(361 )

NET LIABILITIES			(2,147 )		(361 )

CAPITAL AND RESERVES
Called up share capital	5		1		1
Profit and Loss Account			(2,148 )		(362 )

SHAREHOLDERS' FUNDS			(2,147)		(361)