Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12292506 2022-11-01 2023-10-31 12292506 2021-11-01 2022-10-31 12292506 2023-10-31 12292506 2022-10-31 12292506 c:Director1 2022-11-01 2023-10-31 12292506 d:OfficeEquipment 2022-11-01 2023-10-31 12292506 d:OfficeEquipment 2023-10-31 12292506 d:OfficeEquipment 2022-10-31 12292506 d:ComputerEquipment 2022-11-01 2023-10-31 12292506 d:ComputerEquipment 2023-10-31 12292506 d:ComputerEquipment 2022-10-31 12292506 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 12292506 d:OtherPropertyPlantEquipment 2023-10-31 12292506 d:OtherPropertyPlantEquipment 2022-10-31 12292506 d:CurrentFinancialInstruments 2023-10-31 12292506 d:CurrentFinancialInstruments 2022-10-31 12292506 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12292506 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12292506 d:ShareCapital 2023-10-31 12292506 d:ShareCapital 2022-10-31 12292506 d:RetainedEarningsAccumulatedLosses 2023-10-31 12292506 d:RetainedEarningsAccumulatedLosses 2022-10-31 12292506 c:FRS102 2022-11-01 2023-10-31 12292506 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12292506 c:FullAccounts 2022-11-01 2023-10-31 12292506 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12292506 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12292506










MAMCO IT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
MAMCO IT LIMITED
REGISTERED NUMBER: 12292506

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
2,361

  
-
2,361

Current assets
  

Debtors: amounts falling due within one year
 5 
-
48

Cash at bank and in hand
 6 
92,553
112,324

  
92,553
112,372

Creditors: amounts falling due within one year
 7 
(805)
(18,701)

Net current assets
  
 
 
91,748
 
 
93,671

Total assets less current liabilities
  
91,748
96,032

Provisions for liabilities
  

Deferred tax
  
-
(590)

  
 
 
-
 
 
(590)

Net assets
  
91,748
95,442


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
91,648
95,342

  
91,748
95,442


Page 1

 
MAMCO IT LIMITED
REGISTERED NUMBER: 12292506
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 income statement 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: 




M A McCoy
Director
Date: 29 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MAMCO IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Mamco IT Limited is a private company limited by shares, incorporated in England and Wales on 31 October 2019, registration number 12292506.
 The registered office is 54 Long Meadow Drive, Diss, United Kingdom, IP22 4QS. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company ceased trading in 2022 and as a result these accounts have not been prepared on a going concern basis.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

Page 3

 
MAMCO IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

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.

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:

Office equipment
-
20%
Computer equipment
-
20%
Other fixed assets
-

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.

 
2.5

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.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
MAMCO IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Other fixed assets
Total

£
£
£
£





At 1 November 2022
160
3,308
1,218
4,686


Disposals
(160)
(3,308)
(1,218)
(4,686)



At 31 October 2023

-
-
-
-





At 1 November 2022
96
1,324
905
2,325


Disposals
(96)
(1,324)
(905)
(2,325)



At 31 October 2023

-
-
-
-



Net book value



At 31 October 2023
-
-
-
-



At 31 October 2022
64
1,984
313
2,361


5.


Debtors

2023
2022
£
£


Other debtors
-
48

-
48



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
92,553
112,324

92,553
112,324


Page 5

 
MAMCO IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
16,296

Other taxation and social security
-
1,223

Accruals and deferred income
805
1,182

805
18,701


 
Page 6