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Company Registration No. 03001905 (England and Wales)
Mars Knitwear Limited Unaudited accounts for the year ended 31 January 2025
Mars Knitwear Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,500 
40,200 
Investment property
626,066 
626,066 
Investments
52 
81,349 
659,618 
747,615 
Current assets
Debtors
59,820 
4,611 
Cash at bank and in hand
443,142 
375,676 
502,962 
380,287 
Creditors: amounts falling due within one year
(5,143)
(6,207)
Net current assets
497,819 
374,080 
Net assets
1,157,437 
1,121,695 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,157,337 
1,121,595 
Shareholders' funds
1,157,437 
1,121,695 
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
Said Saleh Director Company Registration No. 03001905
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Mars Knitwear Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Mars Knitwear Limited is a private company, limited by shares, registered in England and Wales, registration number 03001905. The registered office is Westover, 16 Roundhill Road, Leicester, LE5 5RJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents rent received or receivable from letting properties.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
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Mars Knitwear Limited Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2024
67,000 
At 31 January 2025
67,000 
Depreciation
At 1 February 2024
26,800 
Charge for the year
6,700 
At 31 January 2025
33,500 
Net book value
At 31 January 2025
33,500 
At 31 January 2024
40,200 
5
Investment property
2025 
£ 
Fair value at 1 February 2024
626,066 
At 31 January 2025
626,066 
6
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 February 2024
52 
81,297 
81,349 
Disposals
- 
(81,297)
(81,297)
Valuation at 31 January 2025
52 
- 
52 
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,896 
- 
Other debtors
57,924 
4,611 
59,820 
4,611 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
441 
354 
Other creditors
3,202 
4,603 
Accruals
1,500 
1,250 
5,143 
6,207 
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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