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REGISTERED NUMBER: 10659235 (England and Wales)






















Mark of Achievement Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Mark of Achievement Limited (Registered number: 10659235)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark of Achievement Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: C M J Healy
M P Gibbins





REGISTERED OFFICE: 120 Spring Bank
Hull
East Yorkshire
HU3 1QJ





REGISTERED NUMBER: 10659235 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Mark of Achievement Limited (Registered number: 10659235)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,406 30,704
Tangible assets 5 15,970 9,849
33,376 40,553

CURRENT ASSETS
Stocks 54,171 43,428
Debtors 6 43,077 14,298
Cash at bank and in hand 197,709 105,460
294,957 163,186
CREDITORS
Amounts falling due within one year 7 141,119 94,790
NET CURRENT ASSETS 153,838 68,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,214

108,949

CREDITORS
Amounts falling due after more than one
year

8

(27,715

)

(33,206

)

PROVISIONS FOR LIABILITIES (8,942 ) (9,288 )
NET ASSETS 150,557 66,455

CAPITAL AND RESERVES
Called up share capital 9 4 4
Capital redemption reserve 10 2 2
Retained earnings 10 150,551 66,449
SHAREHOLDERS' FUNDS 150,557 66,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Mark of Achievement Limited (Registered number: 10659235)

Balance Sheet - continued
31st December 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th July 2024 and were signed on its behalf by:




M P Gibbins - Director



C M J Healy - Director


Mark of Achievement Limited (Registered number: 10659235)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Mark of Achievement 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.

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

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.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 4 years

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 Profit and loss account, 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 balance sheet date.

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.

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.

Mark of Achievement Limited (Registered number: 10659235)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023 56,109
Additions 845
At 31st December 2023 56,954
AMORTISATION
At 1st January 2023 25,405
Charge for year 14,143
At 31st December 2023 39,548
NET BOOK VALUE
At 31st December 2023 17,406
At 31st December 2022 30,704

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023 21,627 7,898 29,525
Additions 12,330 1,051 13,381
At 31st December 2023 33,957 8,949 42,906
DEPRECIATION
At 1st January 2023 15,710 3,966 19,676
Charge for year 5,168 2,092 7,260
At 31st December 2023 20,878 6,058 26,936
NET BOOK VALUE
At 31st December 2023 13,079 2,891 15,970
At 31st December 2022 5,917 3,932 9,849

Mark of Achievement Limited (Registered number: 10659235)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,407 12,743
Other debtors 21,670 1,555
43,077 14,298

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,932 9,687
Trade creditors 49,595 27,197
Taxation and social security 61,670 32,538
Other creditors 19,922 25,368
141,119 94,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,274 33,206
Other creditors 4,441 -
27,715 33,206

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary 1 4 4

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st January 2023 66,449 2 66,451
Profit for the year 84,102 84,102
At 31st December 2023 150,551 2 150,553

11. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.