Maskology Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11896966 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Maskology Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss Xinxin Chen

REGISTERED OFFICE:

Innovation Campus, Innovation Birmingham

Holt Street

Birmingham

B7 4BB

REGISTERED NUMBER:

11896966 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

FIXED ASSETS

Tangible assets

4

179

359

CURRENT ASSETS

Stocks

1,125

1,200

Cash at bank

90

-

1,215

1,200

CREDITORS

Amounts falling due within one year

5

5,386

3,126

NET CURRENT LIABILITIES

(4,171

)

(1,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,992

)

(1,567

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(3,993

)

(1,568

)

SHAREHOLDERS' FUNDS

(3,992

)

(1,567

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 5 November 2021 and were signed by:

Miss Xinxin Chen - Director

1.	STATUTORY INFORMATION

Maskology 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 each asset over its estimated useful life.

Fixtures and fittings

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2020

and 31 March 2021

539

DEPRECIATION

At 1 April 2020

180

Charge for year

180

At 31 March 2021

360

NET BOOK VALUE

At 31 March 2021

179

At 31 March 2020

359

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

970

-

Other creditors

4,416

3,126

5,386

3,126

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss Xinxin Chen.