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REGISTERED NUMBER: 13909557 (England and Wales)














Mailmarque Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Mailmarque Ltd (Registered number: 13909557)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Mailmarque Ltd

Company Information
for the Year Ended 29 February 2024







Directors: M Burke
Mrs J B Burke
J R Burke
M J Burke
R J Burke





Registered office: 27 Market Place
Market Deeping
Peterborough
England
PE6 8EA





Registered number: 13909557 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mailmarque Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mailmarque Ltd for the year ended 29 February 2024 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mailmarque Ltd, as a body, in accordance with the terms of our engagement letter dated 21 February 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Mailmarque Ltd and state those matters that we have agreed to state to the Board of Directors of Mailmarque Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mailmarque Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mailmarque Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mailmarque Ltd. You consider that Mailmarque Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mailmarque Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


1 August 2024

Mailmarque Ltd (Registered number: 13909557)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 86,424 97,294
Tangible assets 6 39,573 45,322
125,997 142,616

Current assets
Stocks 23,271 19,579
Debtors 7 171,659 149,159
Cash at bank 94,732 105,102
289,662 273,840
Creditors
Amounts falling due within one year 8 345,950 316,844
Net current liabilities (56,288 ) (43,004 )
Total assets less current liabilities 69,709 99,612

Provisions for liabilities (422 ) -

Accruals and deferred income (2,695 ) (2,000 )
Net assets 66,592 97,612

Capital and reserves
Called up share capital 100 100
Retained earnings 66,492 97,512
66,592 97,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mailmarque Ltd (Registered number: 13909557)

Statement of Financial Position - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mrs J B Burke - Director


Mailmarque Ltd (Registered number: 13909557)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. Statutory information

Mailmarque Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on a straight line basis
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Mailmarque Ltd (Registered number: 13909557)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

5. Intangible fixed assets
Goodwill
£   
Cost
At 1 March 2023
and 29 February 2024 108,700
Amortisation
At 1 March 2023 11,406
Charge for year 10,870
At 29 February 2024 22,276
Net book value
At 29 February 2024 86,424
At 28 February 2023 97,294

Mailmarque Ltd (Registered number: 13909557)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


6. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 March 2023 - 59,866 59,866
Additions 4,495 7,196 11,691
Disposals - (8,333 ) (8,333 )
At 29 February 2024 4,495 58,729 63,224
Depreciation
At 1 March 2023 - 14,544 14,544
Charge for year 225 10,631 10,856
Eliminated on disposal - (1,749 ) (1,749 )
At 29 February 2024 225 23,426 23,651
Net book value
At 29 February 2024 4,270 35,303 39,573
At 28 February 2023 - 45,322 45,322

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 166,928 146,594
Amounts owed by group undertakings 781 -
Other debtors 3,950 2,565
171,659 149,159

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 69,385 65,388
Amounts owed to group undertakings - 24,579
Taxation and social security 58,899 67,687
Other creditors 217,666 159,190
345,950 316,844

9. Related party disclosures

At 29 February 2024 the company was owed £781 (2023: £24,579 owed to the partnership) from the Mailmarque partnership which is under common control of the directors.

During the year the company had been charged £40,000 (2023: £nil) for rent during the year from the partnership, with no amount outstanding at the year end.