Company Registration No. in England and Wales
13413687
MARKETEASE LTD
FILLETED ACCOUNTS
29 February 2024
MARKETEASE LTD
Registered number: 13413687
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 44,500 44,500
Current assets
Cash at bank and in hand 32 4,305
Creditors: amounts falling due within one year 4 (334,527) (218,459)
Net current liabilities (334,495) (214,154)
Net liabilities (289,995) (169,654)
Capital and reserves
Called up share capital 1 1
Profit and loss account (289,996) (169,655)
Shareholder's funds (289,995) (169,654)
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.
Shohreh Mazloumian
Director
Approved by the board on 5 March 2024
MARKETEASE LTD
Notes to the Accounts
for the period from 1 June 2023 to 29 February 2024
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost.
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.
Taxation
There is no corporation tax payable in view of losses made during the year. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
App
Cost
At 1 June 2023 44,500
At 29 February 2024 44,500
Amortisation
At 29 February 2024 -
Net book value
At 29 February 2024 44,500
At 31 May 2023 44,500
Amortisation: Nil
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,561 10,404
Other creditors 330,966 208,055
334,527 218,459
5 Controlling party
The ultimate controlling party is the director who owns 100% of the shares.
6 Other information
MARKETEASE LTD is a private company limited by shares and incorporated in England. Its registered office is:
KNIGHT CHADWICK
243 Elgin Avenue
London
W9 1NJ
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