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Company Registration No. 11668596 (England and Wales)
MAILO LTD Unaudited accounts for the year ended 30 November 2023
MAILO LTD Unaudited accounts Contents
Page
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MAILO LTD Company Information for the year ended 30 November 2023
Director
Justyna FURMANCZYK-GIBASZEK
Company Number
11668596 (England and Wales)
Registered Office
7 VENTNOR STREET SALFORD M6 6BH UNITED KINGDOM
Accountants
SMART ACCOUNTING (NW) LTD 239 RIBBLETON LANE PRESTON PR1 5EA
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MAILO LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,171 
1,426 
Current assets
Inventories
11,430 
14,253 
Cash at bank and in hand
1,211 
1,104 
12,641 
15,357 
Creditors: amounts falling due within one year
- 
(2)
Net current assets
12,641 
15,355 
Total assets less current liabilities
13,812 
16,781 
Creditors: amounts falling due after more than one year
(35,557)
(37,438)
Net liabilities
(21,745)
(20,657)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,746)
(20,658)
Shareholders' funds
(21,745)
(20,657)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2024 and were signed on its behalf by
Justyna FURMANCZYK-GIBASZEK Director Company Registration No. 11668596
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MAILO LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MAILO LTD is a private company, limited by shares, registered in England and Wales, registration number 11668596. The registered office is 7 VENTNOR STREET, SALFORD, M6 6BH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18 % on WDV
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
1,250 
1,600 
2,850 
At 30 November 2023
1,250 
1,600 
2,850 
Depreciation
At 1 December 2022
685 
739 
1,424 
Charge for the year
101 
154 
255 
At 30 November 2023
786 
893 
1,679 
Net book value
At 30 November 2023
464 
707 
1,171 
At 30 November 2022
565 
861 
1,426 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2 
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MAILO LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,417 
47,165 
Taxes and social security
531 
531 
Loans from directors
(5,391)
(10,258)
35,557 
37,438 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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