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REGISTERED NUMBER: 03116478 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

MAILAFRICA LIMITED

MAILAFRICA LIMITED (REGISTERED NUMBER: 03116478)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MAILAFRICA LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2024







DIRECTORS: L M G Piddington
Miss C Van Der Heyden





REGISTERED OFFICE: Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ





REGISTERED NUMBER: 03116478 (England and Wales)





ACCOUNTANTS: Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ

MAILAFRICA LIMITED (REGISTERED NUMBER: 03116478)

BALANCE SHEET
30th June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,746 9,690

CURRENT ASSETS
Debtors 5 631,583 679,282
Cash at bank and in hand 86,176 33,092
717,759 712,374
CREDITORS
Amounts falling due within one year 6 255,717 256,340
NET CURRENT ASSETS 462,042 456,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,788

465,724

CAPITAL AND RESERVES
Called up share capital 7 210 210
Capital redemption reserve 10 10
Retained earnings 466,568 465,504
SHAREHOLDERS' FUNDS 466,788 465,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

MAILAFRICA LIMITED (REGISTERED NUMBER: 03116478)

BALANCE SHEET - continued
30th June 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 Board of Directors and authorised for issue on 21st January 2025 and were signed on its behalf by:





L M G Piddington - Director


MAILAFRICA LIMITED (REGISTERED NUMBER: 03116478)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

MAILAFRICA 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

MAILAFRICA LIMITED (REGISTERED NUMBER: 03116478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company has a stakeholder pension scheme, The MailAfrica Stakeholder Scheme, as well as a defined contribution scheme. All contributions to these pension schemes are being charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st July 2023
and 30th June 2024 64,048 14,237 12,138 50,154 140,577
DEPRECIATION
At 1st July 2023 63,257 9,605 12,138 45,887 130,887
Charge for year 791 1,332 - 2,821 4,944
At 30th June 2024 64,048 10,937 12,138 48,708 135,831
NET BOOK VALUE
At 30th June 2024 - 3,300 - 1,446 4,746
At 30th June 2023 791 4,632 - 4,267 9,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 65,860 108,754
Other debtors 565,723 570,528
631,583 679,282

MAILAFRICA LIMITED (REGISTERED NUMBER: 03116478)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 218,691 216,939
Taxation and social security 16,578 15,271
Other creditors 20,448 24,130
255,717 256,340

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
200 Ordinary £1 200 200
100 B Ordinary 10p 10 10
210 210

8. ULTIMATE CONTROLLING PARTY

From 19.07.2014 the company was ultimately controlled by the parent company Afri-mail Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAILAFRICA LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MAILAFRICA LIMITED for the year ended 30th June 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MAILAFRICA LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MAILAFRICA LIMITED and state those matters that we have agreed to state to the Board of Directors of MAILAFRICA LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAILAFRICA LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MAILAFRICA 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 MAILAFRICA LIMITED. You consider that MAILAFRICA 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 MAILAFRICA 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.






Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ


Date: .............................................