Registered number
11967076
Mareve Ltd
Filleted Accounts
30 April 2023
Mareve Ltd
Registered number: 11967076
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Current assets
Stocks 43,770 27,034
Debtors 3 12,402 9,664
Cash at bank and in hand 7,589 1,386
63,761 38,084
Creditors: amounts falling due within one year 4 (62,025) (35,315)
Net current assets 1,736 2,769
Net assets 1,736 2,769
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,636 2,669
Shareholder's funds 1,736 2,769
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Song
Director
Approved by the board on 16 November 2023
Mareve Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 1,437 712
Other debtors 10,965 8,952
12,402 9,664
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,408 384
Taxation and social security costs 7,478 3,030
Other creditors 50,139 31,901
62,025 35,315
5 Other information
Mareve Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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