IRIS Accounts Production v24.3.2.46 11162216 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111622162023-01-31111622162024-01-31111622162023-02-012024-01-31111622162022-01-31111622162022-02-012023-01-31111622162023-01-3111162216ns15:EnglandWales2023-02-012024-01-3111162216ns14:PoundSterling2023-02-012024-01-3111162216ns10:Director12023-02-012024-01-3111162216ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111162216ns10:SmallEntities2023-02-012024-01-3111162216ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111162216ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111162216ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111162216ns10:FullAccounts2023-02-012024-01-3111162216ns10:RegisteredOffice2023-02-012024-01-3111162216ns5:CurrentFinancialInstruments2024-01-3111162216ns5:CurrentFinancialInstruments2023-01-3111162216ns5:Non-currentFinancialInstruments2024-01-3111162216ns5:Non-currentFinancialInstruments2023-01-3111162216ns5:ShareCapital2024-01-3111162216ns5:ShareCapital2023-01-3111162216ns5:RetainedEarningsAccumulatedLosses2024-01-3111162216ns5:RetainedEarningsAccumulatedLosses2023-01-3111162216ns5:PlantMachinery2023-02-012024-01-3111162216ns5:PlantMachinery2023-01-3111162216ns5:PlantMachinery2024-01-3111162216ns5:PlantMachinery2023-01-3111162216ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3111162216ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3111162216ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3111162216ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-01-3111162216ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3111162216ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-31
REGISTERED NUMBER: 11162216 (England and Wales)












Retailmark Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






Retailmark Limited (Registered number: 11162216)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Retailmark Limited

Company Information
for the Year Ended 31 January 2024







Director: U Malik





Registered office: 11 Berkeley Avenue
Manchester
North West
M14 5DN





Registered number: 11162216 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Retailmark Limited (Registered number: 11162216)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,860 4,815

Current assets
Stocks 5 16,634 20,000
Debtors 6 74,926 54,901
Cash at bank 2,683 34,933
94,243 109,834
Creditors
Amounts falling due within one year 7 68,096 52,934
Net current assets 26,147 56,900
Total assets less current liabilities 30,007 61,715

Creditors
Amounts falling due after more than one
year

8

13,154

22,684
Net assets 16,853 39,031

Capital and reserves
Called up share capital 5 5
Retained earnings 16,848 39,026
Shareholders' funds 16,853 39,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Retailmark Limited (Registered number: 11162216)

Balance Sheet - continued
31 January 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 director and authorised for issue on 17 January 2025 and were signed by:





U Malik - Director


Retailmark Limited (Registered number: 11162216)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Retailmark 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.

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 - 25% on reducing balance and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Retailmark Limited (Registered number: 11162216)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

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 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2023 7,234
Additions 329
At 31 January 2024 7,563
Depreciation
At 1 February 2023 2,419
Charge for year 1,284
At 31 January 2024 3,703
Net book value
At 31 January 2024 3,860
At 31 January 2023 4,815

Retailmark Limited (Registered number: 11162216)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. Stocks
31.1.24 31.1.23
£    £   
Work-in-progress 16,634 20,000

6. Debtors: amounts falling due within one year
31.1.24 31.1.23
£    £   
Other debtors 74,926 54,901

7. Creditors: amounts falling due within one year
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 15,595 10,646
Taxation and social security 36,169 27,836
Other creditors 16,332 14,452
68,096 52,934

8. Creditors: amounts falling due after more than one year
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 13,154 22,684

9. Loans

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,418 -
Bank loans 10,177 10,646
15,595 10,646

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,435 10,644

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,719 12,040