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REGISTERED NUMBER: 01367655 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MARKIMELD LIMITED

MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARKIMELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: C R Gomes
Mrs C Gomes



SECRETARY: Mrs C Gomes



REGISTERED OFFICE: 54
Golborne Road
London
W10 5PR



REGISTERED NUMBER: 01367655 (England and Wales)



ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS



BANKERS: Barclays Bank plc
PO.Box 13555
Acorn House
36-38 Park Royal Road
London
NW10 7JA

MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 424,017 430,499
Investments 5 1,746 1,823
425,763 432,322

CURRENT ASSETS
Stocks 189,581 229,013
Debtors 6 91,255 90,128
Cash at bank 82,911 223,115
363,747 542,256
CREDITORS
Amounts falling due within one year 7 288,274 125,711
NET CURRENT ASSETS 75,473 416,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,236

848,867

PROVISIONS FOR LIABILITIES 8 2,243 2,990
NET ASSETS 498,993 845,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 498,893 845,777
SHAREHOLDERS' FUNDS 498,993 845,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)

BALANCE SHEET - continued
30TH APRIL 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 7th August 2024 and were signed on its behalf by:





C R Gomes - Director


MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Markimeld Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the life of the lease
Improvements to property - over the life of the lease
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

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

Financial instruments
The company only enters into basic financial instruments 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 non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 that have been enacted or substantively enacted by the balance sheet date.


MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Fixed asset investments
Fixed asset investments are carried at fair value. Revaluation gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the investments are sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1st May 2023 291,256 156,141 57,864
Additions - - -
At 30th April 2024 291,256 156,141 57,864
DEPRECIATION
At 1st May 2023 - 52,481 43,692
Charge for year - 878 1,376
At 30th April 2024 - 53,359 45,068
NET BOOK VALUE
At 30th April 2024 291,256 102,782 12,796
At 30th April 2023 291,256 103,660 14,172

MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st May 2023 17,442 30,730 553,433
Additions 1,500 - 1,500
At 30th April 2024 18,942 30,730 554,933
DEPRECIATION
At 1st May 2023 12,957 13,804 122,934
Charge for year 1,497 4,231 7,982
At 30th April 2024 14,454 18,035 130,916
NET BOOK VALUE
At 30th April 2024 4,488 12,695 424,017
At 30th April 2023 4,485 16,926 430,499

Freehold property is shown at cost in the financial statements.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023 1,823
Revaluations (77 )
At 30th April 2024 1,746
NET BOOK VALUE
At 30th April 2024 1,746
At 30th April 2023 1,823


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,252 19,927
Tax - 3,133
Prepayments and accrued income 61,003 67,068
91,255 90,128

MARKIMELD LIMITED (REGISTERED NUMBER: 01367655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 186,111 25,163
Social security and other taxes 8,184 30,062
VAT 17,019 -
Directors' current accounts 60,157 58,464
Accrued expenses 16,803 12,022
288,274 125,711

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,243 2,990

Deferred
tax
£   
Balance at 1st May 2023 2,990
Provided during year (747 )
Balance at 30th April 2024 2,243