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No description of principal activity
2023-03-01
Sage Accounts Production Advanced 2023 - FRS102_2023
10,317
8,757
391
9,148
1,169
1,560
xbrli:pure
xbrli:shares
iso4217:GBP
07539451
2023-03-01
2024-02-29
07539451
2024-02-29
07539451
2023-02-28
07539451
2022-03-01
2023-02-28
07539451
2023-02-28
07539451
2022-02-28
07539451
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2024-02-29
07539451
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2023-03-01
2024-02-29
07539451
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2023-03-01
2024-02-29
07539451
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2023-03-01
2024-02-29
07539451
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2023-03-01
2024-02-29
07539451
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2024-02-29
07539451
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07539451
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07539451
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2023-02-28
07539451
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07539451
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2023-02-28
07539451
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07539451
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07539451
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2023-02-28
COMPANY REGISTRATION NUMBER:
07539451
MIRADOR MARKETING LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
MIRADOR MARKETING LIMITED |
|
YEAR ENDED 29th FEBRUARY 2024
Officers and professional advisers |
1 |
|
|
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
|
|
Statement of financial position |
3 |
|
|
Notes to the financial statements |
5 |
|
|
MIRADOR MARKETING LIMITED |
|
OFFICERS AND PROFESSIONAL ADVISERS |
|
The board of directors |
A P Burley |
|
L F C Burley |
|
|
Company secretary |
L F C Burley |
|
|
Registered office |
106-107 Dowgate Hill House |
|
14-16 Dowgate Hill |
|
London |
|
EC4R 2SU |
|
|
Accountants |
Colne Valley Business Services LLP t/a Cloke & Co |
|
Chartered Certified Accountants |
|
106-107 Dowgate Hill House |
|
14-16 Dowgate Hill |
|
London |
|
EC4R 2SU |
|
|
MIRADOR MARKETING LIMITED |
|
CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
MIRADOR MARKETING LIMITED |
|
YEAR ENDED 29th FEBRUARY 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mirador Marketing Limited for the year ended 29th February 2024, which comprise the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Mirador Marketing Limited, as a body, in accordance with the terms of our engagement letter dated 1st August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Mirador Marketing Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mirador Marketing Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Mirador Marketing Limited 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 Mirador Marketing Limited. You consider that Mirador Marketing Limited 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 Mirador Marketing Limited. 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.
Colne Valley Business Services LLP t/a Cloke & Co
Chartered Certified Accountants
106-107 Dowgate Hill House
14-16 Dowgate Hill
London
EC4R 2SU
20 November 2024
MIRADOR MARKETING LIMITED |
|
STATEMENT OF FINANCIAL POSITION |
|
29 February 2024
FIXED ASSETS
Tangible assets |
5 |
|
1,169 |
1,560 |
|
|
|
|
|
CURRENT ASSETS
Debtors |
6 |
25,281 |
|
26,387 |
Cash at bank and in hand |
83,143 |
|
125,602 |
|
--------- |
|
--------- |
|
108,424 |
|
151,989 |
|
|
|
|
|
CREDITORS: amounts falling due within one year |
7 |
48,739 |
|
49,393 |
|
--------- |
|
--------- |
NET CURRENT ASSETS |
|
59,685 |
102,596 |
|
|
-------- |
--------- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
60,854 |
104,156 |
|
|
|
|
|
CREDITORS: amounts falling due after more than one year |
8 |
|
13,333 |
23,333 |
|
|
-------- |
--------- |
NET ASSETS |
|
47,521 |
80,823 |
|
|
-------- |
--------- |
|
|
|
|
|
MIRADOR MARKETING LIMITED |
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
29 February 2024
CAPITAL AND RESERVES
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
47,421 |
80,723 |
|
|
-------- |
-------- |
SHAREHOLDERS FUNDS |
|
47,521 |
80,823 |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29th February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
18 November 2024
, and are signed on behalf of the board by:
A P Burley
Company Director
Company registration number:
07539451
MIRADOR MARKETING LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 29th FEBRUARY 2024
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 106-107 Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Income tax
Taxation represents the amount of current tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Financial liabilities are presented as such in the statement of financial position.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
TANGIBLE ASSETS
|
Equipment |
Total |
|
£ |
£ |
Cost |
|
|
At 1st March 2023 and 29th February 2024 |
10,317 |
10,317 |
|
-------- |
-------- |
Depreciation |
|
|
At 1st March 2023 |
8,757 |
8,757 |
Charge for the year |
391 |
391 |
|
-------- |
-------- |
At 29th February 2024 |
9,148 |
9,148 |
|
-------- |
-------- |
Carrying amount |
|
|
At 29th February 2024 |
1,169 |
1,169 |
|
-------- |
-------- |
At 28th February 2023 |
1,560 |
1,560 |
|
-------- |
-------- |
|
|
|
6.
DEBTORS
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
281 |
1,109 |
Other debtors |
25,000 |
25,278 |
|
-------- |
-------- |
|
25,281 |
26,387 |
|
-------- |
-------- |
|
|
|
7.
CREDITORS:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
10,000 |
10,000 |
Corporation tax |
25,979 |
27,076 |
Social security and other taxes |
8,745 |
7,362 |
Other creditors |
– |
1,410 |
Other creditors |
4,015 |
3,545 |
|
-------- |
-------- |
|
48,739 |
49,393 |
|
-------- |
-------- |
|
|
|
8.
CREDITORS:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
13,333 |
23,333 |
|
-------- |
-------- |
|
|
|
9.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Included within other creditors is £1,515 (2023 - £1,145) due to a director and is repayable on demand, but is non-interest bearing.
10.
RELATED PARTY TRANSACTIONS
The company was under the control of
A P Burley
throughout the current year and previous period. A P Burley
is the director and majority shareholder. As a result of his shareholding, A P Burley
received during the year dividends of £72,000 (2023 - £90,000). Mrs L F C Burley
was also a director and received dividends of £48,000 (2023- £60,000) during the year.