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

REGISTERED NUMBER: 11588995 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 SEPTEMBER 2018 TO 30 SEPTEMBER 2019

FOR

MSAFIRI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L E Basturkmen

REGISTERED OFFICE:

9 Greenfield Drive

East Finchley

London

N2 9AF

REGISTERED NUMBER:

11588995 (England and Wales)

ACCOUNTANTS:

DHF Accounting Ltd

20 Market Street

Altrincham

Cheshire

WA14 1PF

CURRENT ASSETS

Cash at bank

42,308

CREDITORS

Amounts falling due within one year

4

33,035

NET CURRENT ASSETS

9,273

TOTAL ASSETS LESS CURRENT LIABILITIES

9,273

CAPITAL AND RESERVES

Called up share capital

5

1

Retained earnings

9,272

SHAREHOLDERS' FUNDS

9,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2020 and were signed by:

L E Basturkmen - Director

1.	STATUTORY INFORMATION

Msafiri 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

(1

)

Tax

24,518

Social security and other taxes

250

VAT

7,090

Directors' current accounts

3

Accrued expenses

1,175

33,035

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1.00

1

1 Ordinary share of £1.00 was allotted and fully paid for cash at par during the period.

6.	RELATED PARTY DISCLOSURES

During the period, total dividends of £94,916 were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY

The controlling party is L E Basturkmen.