IRIS Accounts Production v24.2.0.383 05763590 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057635902022-12-31057635902023-12-31057635902023-01-012023-12-31057635902021-12-31057635902022-01-012022-12-31057635902022-12-3105763590ns15:EnglandWales2023-01-012023-12-3105763590ns14:PoundSterling2023-01-012023-12-3105763590ns10:Director12023-01-012023-12-3105763590ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105763590ns10:SmallEntities2023-01-012023-12-3105763590ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105763590ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105763590ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105763590ns10:FullAccounts2023-01-012023-12-3105763590ns10:Director22023-01-012023-12-3105763590ns10:CompanySecretary12023-01-012023-12-3105763590ns10:RegisteredOffice2023-01-012023-12-3105763590ns5:CurrentFinancialInstruments2023-12-3105763590ns5:CurrentFinancialInstruments2022-12-3105763590ns5:ShareCapital2023-12-3105763590ns5:ShareCapital2022-12-3105763590ns5:SharePremium2023-12-3105763590ns5:SharePremium2022-12-3105763590ns5:RetainedEarningsAccumulatedLosses2023-12-3105763590ns5:RetainedEarningsAccumulatedLosses2022-12-3105763590ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3105763590ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3105763590ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3105763590ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3105763590ns5:CostValuation2022-12-3105763590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105763590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105763590ns5:WithinOneYear2023-12-3105763590ns5:WithinOneYear2022-12-3105763590ns5:BetweenOneFiveYears2023-12-3105763590ns5:BetweenOneFiveYears2022-12-3105763590ns5:AllPeriods2023-12-3105763590ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 05763590 (England and Wales)












MAILOCK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAILOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P W Holland
T R Lincoln





SECRETARY: P W Holland





REGISTERED OFFICE: 1 Gloster Court
5 Whittle Avenue
Fareham
Hampshire
PO15 5SH





REGISTERED NUMBER: 05763590 (England and Wales)

MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 - -
Investments 5 225,801 225,801
225,801 225,801

CURRENT ASSETS
Debtors 6 5,130,290 4,600,957
Cash at bank 298,190 868,802
5,428,480 5,469,759
CREDITORS
Amounts falling due within one year 7 (9,780 ) (6,534 )
NET CURRENT ASSETS 5,418,700 5,463,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,644,501

5,689,026

CAPITAL AND RESERVES
Called up share capital 9,257 9,257
Share premium 6,830,059 6,830,059
Retained earnings (1,194,815 ) (1,150,290 )
5,644,501 5,689,026

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

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

MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





P W Holland - Director


MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Mailock 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Preparation of consolidated financial statements
The financial statements contain information about Mailock Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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 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.

MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Equity settled share-based payment transactions
The company operates an equity-settled EMI share option scheme. The fair value of share entitlements granted is recognised as staff costs in the profit and loss account with a corresponding increase in equity. Share options granted under the scheme are subject to non-market vesting conditions, which are not taken into account when estimating the fair value of entitlements as at the grant date. The expense is based on the fair value of the total number of entitlements expected to vest and is allocated to accounting periods on a straight line basis over the vesting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Short
leasehold
£
COST
At 1 January 2023
and 31 December 2023 5,248
DEPRECIATION
At 1 January 2023
and 31 December 2023 5,248
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 225,801
NET BOOK VALUE
At 31 December 2023 225,801
At 31 December 2022 225,801

MAILOCK LIMITED (REGISTERED NUMBER: 05763590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 88 -
Amounts owed by group undertakings 5,115,790 4,585,790
Other debtors 14,412 15,167
5,130,290 4,600,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 3,107 701
Amounts owed to group undertakings 100 100
Other creditors 6,573 5,733
9,780 6,534

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 17,245 22,326
Between one and five years 16,714 3,874
33,959 26,200