Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseBeauty and cosmetics retailer22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09955778 2022-02-01 2023-01-31 09955778 2021-02-01 2022-01-31 09955778 2023-01-31 09955778 2022-01-31 09955778 c:Director1 2022-02-01 2023-01-31 09955778 d:OfficeEquipment 2022-02-01 2023-01-31 09955778 d:OfficeEquipment 2023-01-31 09955778 d:OfficeEquipment 2022-01-31 09955778 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09955778 d:ComputerEquipment 2022-02-01 2023-01-31 09955778 d:CurrentFinancialInstruments 2023-01-31 09955778 d:CurrentFinancialInstruments 2022-01-31 09955778 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09955778 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09955778 d:ShareCapital 2023-01-31 09955778 d:ShareCapital 2022-01-31 09955778 d:RetainedEarningsAccumulatedLosses 2023-01-31 09955778 d:RetainedEarningsAccumulatedLosses 2022-01-31 09955778 c:OrdinaryShareClass1 2022-02-01 2023-01-31 09955778 c:OrdinaryShareClass1 2023-01-31 09955778 c:OrdinaryShareClass1 2022-01-31 09955778 c:FRS102 2022-02-01 2023-01-31 09955778 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 09955778 c:FullAccounts 2022-02-01 2023-01-31 09955778 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09955778 2 2022-02-01 2023-01-31 09955778 e:PoundSterling 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09955778










MARYVERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
MARYVERY LIMITED
REGISTERED NUMBER: 09955778

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,010
-

  
3,010
-

Current assets
  

Stocks
 5 
172,147
123,120

Debtors: amounts falling due within one year
 6 
190,450
730,899

Cash at bank and in hand
 7 
4,898,982
1,962,771

  
5,261,579
2,816,790

Creditors: amounts falling due within one year
 8 
(1,027,290)
(298,547)

Net current assets
  
 
 
4,234,289
 
 
2,518,243

Total assets less current liabilities
  
4,237,299
2,518,243

  

Net assets
  
4,237,299
2,518,243


Capital and reserves
  

Called up share capital 
 9 
201,000
201,000

Profit and loss account
  
4,036,299
2,317,243

  
4,237,299
2,518,243


Page 1

 
MARYVERY LIMITED
REGISTERED NUMBER: 09955778
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2024.


M Platonova
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MARYVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Maryvery Limited is a private copmany, limited by shares and registered in England and Wales. The company's registered is 09955778. The registered office is Office 9, Dalton House, 60 Windsor Avenue, London, SW19 2RR

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MARYVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
Over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 4

 
MARYVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
MARYVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
2
2


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 February 2022
999


Additions
4,014



At 31 January 2023

5,013



Depreciation


At 1 February 2022
999


Charge for the year on owned assets
1,004



At 31 January 2023

2,003



Net book value



At 31 January 2023
3,010


5.


Stocks

2023
2022
£
£

Raw materials and consumables
172,147
123,120

172,147
123,120


Page 6

 
MARYVERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
600
202,552

Other debtors
189,850
528,347

190,450
730,899



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,898,982
1,962,771

4,898,982
1,962,771



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
185,835
20,248

Corporation tax
406,288
274,999

Other taxation and social security
418
-

Other creditors
395,803
-

Accruals and deferred income
38,946
3,300

1,027,290
298,547



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



20,100 (2022 - 20,100) ordinary shares of £10.00 each
201,000
201,000

The ordinary shares represent an investment by Ms Margarita Platonova of £201,000


 
Page 7