Company Registration No. 16180172 (England and Wales)
Maya Magal London Limited
Unaudited accounts
for the year ended 31 May 2026
Maya Magal London Limited
Unaudited accounts
Contents
Maya Magal London Limited
Company Information
for the year ended 31 May 2026
Director
Maya Rose Estraikh
Company Number
16180172 (England and Wales)
Registered Office
Maya Magal London
193 Upper Street
London
N1 1RQ
England
Accountants
Cloud 10 Brighton Limited
83 Queens Road
Brighton
East Sussex
BN1 3XE
Maya Magal London Limited
Statement of financial position
as at 31 May 2026
Cash at bank and in hand
17,485
Creditors: amounts falling due within one year
(276,223)
Net current liabilities
(52,865)
Total assets less current liabilities
(44,464)
Creditors: amounts falling due after more than one year
(167,770)
Profit and loss account
(212,236)
Shareholders' funds
(212,234)
For the year ending 31 May 2026 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 her 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 12 October 2026 and were signed on its behalf by
Maya Rose Estraikh
Director
Company Registration No. 16180172
Maya Magal London Limited
Notes to the Accounts
for the year ended 31 May 2026
Maya Magal London Limited is a private company, limited by shares, registered in England and Wales, registration number 16180172. The registered office is Maya Magal London, 193 Upper Street, London, N1 1RQ, England.
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 been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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.
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.
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 using the straight line method:
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.
At 31 May 2026, the company reported net liabilities of £212,234 and net current liabilities of £52,865, primarily arising from losses incurred during its initial period of trading.
The company continues to receive financial support from its director and a related party, with outstanding loans totalling £167,770 at the reporting date. The director has confirmed in writing her intention to continue providing financial support to enable the company to meet its obligations as they fall due.
On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
Maya Magal London Limited
Notes to the Accounts
for the year ended 31 May 2026
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Basic financial assets, which comprise cash at bank, trade debtors and other debtors, are initially recognised at transaction price and subsequently measured at amortised cost, less any impairment. Debtors are assessed for impairment at each reporting date and any impairment loss is recognised in profit or loss.
Basic financial liabilities, which comprise trade creditors, other creditors and loans from the director, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Short-term creditors with no stated interest rate are measured at the undiscounted amount of cash expected to be paid.
The company has received loans from its director and a related party. The director's loan and an amount of £80,183 advanced by the related party are interest-free. A further loan of £64,229 from the related party bears interest at 3% per annum.
The loans are accounted for in accordance with the applicable provisions of FRS 102 Section 11, having regard to their contractual terms and repayment arrangements.
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
22,134
6
Creditors: amounts falling due within one year
2026
Taxes and social security
5,090
Maya Magal London Limited
Notes to the Accounts
for the year ended 31 May 2026
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Creditors: amounts falling due after more than one year
2026
Loans from directors
23,358
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Transactions with related parties
During the year, the company received financial support from a close family member of the director.
At 31 May 2026, the outstanding balance totalled £144,412, comprising an interest-free loan of £80,183 and a further loan of £64,229 bearing interest at 3% per annum.
These amounts are included within other creditors in the statement of financial position.
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Average number of employees
During the year the average number of employees was 11.