Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31102022-08-01falseNo description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07045364 2022-08-01 2023-07-31 07045364 2021-08-01 2022-07-31 07045364 2023-07-31 07045364 2022-07-31 07045364 c:Director1 2022-08-01 2023-07-31 07045364 d:PlantMachinery 2022-08-01 2023-07-31 07045364 d:PlantMachinery 2023-07-31 07045364 d:PlantMachinery 2022-07-31 07045364 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07045364 d:CurrentFinancialInstruments 2023-07-31 07045364 d:CurrentFinancialInstruments 2022-07-31 07045364 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07045364 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07045364 d:ShareCapital 2023-07-31 07045364 d:ShareCapital 2022-07-31 07045364 d:RetainedEarningsAccumulatedLosses 2023-07-31 07045364 d:RetainedEarningsAccumulatedLosses 2022-07-31 07045364 c:OrdinaryShareClass1 2022-08-01 2023-07-31 07045364 c:OrdinaryShareClass1 2023-07-31 07045364 c:OrdinaryShareClass1 2022-07-31 07045364 c:OrdinaryShareClass2 2022-08-01 2023-07-31 07045364 c:OrdinaryShareClass2 2023-07-31 07045364 c:OrdinaryShareClass2 2022-07-31 07045364 c:FRS102 2022-08-01 2023-07-31 07045364 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07045364 c:FullAccounts 2022-08-01 2023-07-31 07045364 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07045364 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07045364









MAMARS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
MAMARS LIMITED
REGISTERED NUMBER: 07045364

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,130
16,094

  
29,130
16,094

Current assets
  

Stocks
  
1,500
1,500

Debtors: amounts falling due within one year
 5 
2,246,389
2,142,130

Cash at bank and in hand
  
2,430,504
1,506,510

  
4,678,393
3,650,140

Creditors: amounts falling due within one year
 6 
(436,744)
(324,881)

Net current assets
  
 
 
4,241,649
 
 
3,325,259

Total assets less current liabilities
  
4,270,779
3,341,353

  

Net assets
  
4,270,779
3,341,353


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
4,270,777
3,341,351

  
4,270,779
3,341,353


Page 1

 
MAMARS LIMITED
REGISTERED NUMBER: 07045364
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 




................................................
Mr M Stavrou
Director

Date: 9 April 2024

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

Page 2

 
MAMARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Mamars Limited is a private company limited by shares incorporated in England and Wales.The
registered office is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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

 
MAMARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
25 % reducing balance

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.

 
2.4

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.

 
2.5

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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
MAMARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Interest income

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

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

  
2.10

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

Page 5

 
MAMARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

  
2.11

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

 
2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 10).


4.


Tangible fixed assets





Fixtures fitting and equipment

£



Cost or valuation


At 1 August 2022
84,746


Additions
24,534



At 31 July 2023

109,280



Depreciation


At 1 August 2022
68,652


Charge for the year on owned assets
11,498



At 31 July 2023

80,150



Net book value



At 31 July 2023
29,130



At 31 July 2022
16,094

Page 6

 
MAMARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Other debtors
2,246,389
2,142,130

2,246,389
2,142,130



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
369,670
223,267

Other creditors
67,074
101,614

436,744
324,881



7.


Share capital

2023
2022
£
£
Ordinary share capital, issued and fully paid



1 (2022 - 1) Ordinary A share of £1.00
1
1
1 (2022 - 1) Ordinary B share of £1.00
1
1

2

2




 
Page 7