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Registered number: 12941301
Marks And Marks Limited
Financial Statements
For The Year Ended 31 October 2024
J.R. Accounts Ltd
Chartered Certified Accountants
34-37 Liverpool Street
London
EC2M 7PP
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr Hamid Qazi
Company Number 12941301
Registered Office 18 Carlton Avenue East
Wembley
Middx
HA9 8LX
Accountants J.R. Accounts Ltd
Chartered Certified Accountants
34-37 Liverpool Street
London
EC2M 7PP
Page 1
Page 2
Balance Sheet
Registered number: 12941301
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,149 807
1,149 807
CURRENT ASSETS
Investments 5 108,688 64,212
Cash at bank and in hand 21,180 76,775
129,868 140,987
Creditors: Amounts Falling Due Within One Year 6 (120,781 ) (134,681 )
NET CURRENT ASSETS (LIABILITIES) 9,087 6,306
TOTAL ASSETS LESS CURRENT LIABILITIES 10,236 7,113
NET ASSETS 10,236 7,113
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 10,136 7,013
SHAREHOLDERS' FUNDS 10,236 7,113
Page 2
Page 3
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hamid Qazi
Director
7 April 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Marks And Marks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12941301 . The registered office is 18 Carlton Avenue East, Wembley, Middx, HA9 8LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including the director, during the year was as follows: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 1,183
Additions 725
As at 31 October 2024 1,908
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2023 376
Provided during the period 383
As at 31 October 2024 759
Net Book Value
As at 31 October 2024 1,149
As at 1 November 2023 807
5. Current Asset Investments
2024 2023
£ £
Unlisted investments 108,688 64,212
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,181 3,302
Accruals and deferred income 600 600
Director's loan account 119,000 130,779
120,781 134,681
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 2,000 10,000
Page 5