MAZK LIMITED - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07207231 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

MAZK LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Munir Bharwani

SECRETARY:

Mrs Mansura Bharwani

REGISTERED OFFICE:

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

07207231 (England and Wales)

ACCOUNTANTS:

Merali's Chartered Accountants

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report

of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of MAZK LIMITED for the year ended 31 March 2017 which comprise the Income Statement, Balance Sheet and

the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MAZK LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MAZK LIMITED and state those matters that we have agreed to state to the director of MAZK LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAZK LIMITED director for our work or for this report.

It is your duty to ensure that MAZK LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MAZK LIMITED. You consider that MAZK LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MAZK LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Merali's Chartered Accountants

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

13 December 2017

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,595

18,692

15,595

18,692

CURRENT ASSETS

Stocks

36,850

27,350

Debtors

6

3,372

621

Prepayments and accrued income

4,438

6,236

Cash at bank

47,936

147,222

92,596

181,429

CREDITORS

Amounts falling due within one year

7

(35,718

)

(117,676

)

NET CURRENT ASSETS

56,878

63,753

TOTAL ASSETS LESS CURRENT LIABILITIES

72,473

82,445

ACCRUALS AND DEFERRED INCOME

(37,826

)

(43,230

)

NET ASSETS

34,647

39,215

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

34,646

39,214

SHAREHOLDERS' FUNDS

34,647

39,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 December 2017 and were signed by:

Munir Bharwani - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover comprises the invoiced cost of goods sold during the year, excluding value added tax, and net of trade

discounts. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with

the goods have been passed to the buyer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost or net realisable value after making due allowance for obsolete and slow-moving

items. Cost is calculated using the first-in first-out basis of valuation.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

44,166

AMORTISATION

At 1 April 2016

and 31 March 2017

44,166

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

40,935

Additions

2,101

At 31 March 2017

43,036

DEPRECIATION

At 1 April 2016

22,243

Charge for year

5,198

At 31 March 2017

27,441

NET BOOK VALUE

At 31 March 2017

15,595

At 31 March 2016

18,692

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Other debtors

3,372

621

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade creditors

27,150

18,324

Taxation and social security

201

6,922

Other creditors

8,367

92,430

35,718

117,676

8.	RELATED PARTY DISCLOSURES

Munir Bharwani

Director

Creditors include an amount of £2,377 (2016: £85,050) payable to Mr M Bharwani.

This is an interest free loan provided to the company.

9.	CONTROLLING PARTY

Throughout the year the company was controlled by Mr M Bharwani, director of the company by virtue of holding the

entire share capital of the company.