M- Masoom Limited - Accounts

M- Masoom Limited - Accounts

M- MASOOM LIMITED - Company Information

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Registered Number: 08823915
England and Wales

 

 

 

M- MASOOM LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

M- Masoom Limited
Contents Page
For the year ended 31 October 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
ACCOUNTNTAX LIMITED
31 October 2022



....................................................
ACCOUNTNTAX LIMITED
32 Sharney Avenue
Langley
Slough
Berkshire
SL3 8EA
30 August 2023
1
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Intangible fixed assets 3 60,221    60,221 
Tangible fixed assets 4 5,388    6,848 
65,609    67,069 
Current assets      
Stocks 39,195    25,069 
Debtors 0    313 
Cash at bank and in hand 7,865    29,266 
47,060    54,648 
Creditors: amount falling due within one year (67,653)   (76,276)
Net current liabilities (20,593)   (21,628)
 
Total assets less current liabilities 45,016    45,441 
Creditors: amount falling due after more than one year (45,000)   (45,000)
Net assets 16    441 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (84)   341 
Shareholder's funds 16    441 
 


For the year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 August 2023 and were signed on its behalf by:


-------------------------------
Khuram Shahzad
Director
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General Information
M- Masoom Limited is a private company, limited by shares, registered in England and Wales, registration number 08823915, registration address 4 Manor Prade, London, London, NW10 8TR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2021 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 November 2021 60,221    60,221 
Additions -    - 
Disposals -    - 
At 31 October 2022 60,221    60,221 
Amortisation
At 01 November 2021 -    - 
Charge for year -    - 
On disposals -    - 
At 31 October 2022 -    - 
Net book values
At 31 October 2022 60,221    60,221 
At 31 October 2021 60,221    60,221 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 November 2021 25,899    25,899 
Additions -    - 
Disposals -    - 
At 31 October 2022 25,899    25,899 
Depreciation
At 01 November 2021 19,051    19,051 
Charge for year 1,460    1,460 
On disposals -    - 
At 31 October 2022 20,511    20,511 
Net book values
Closing balance as at 31 October 2022 5,388    5,388 
Opening balance as at 01 November 2021 6,848    6,848 


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