Registered number
14286124
MARS COLLECTS LTD
Filleted Accounts
31 August 2024
MARS COLLECTS LTD
Registered number: 14286124
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Stocks 25,980 8,745
Debtors 3 100 100
Cash at bank and in hand 6,899 20,850
32,979 29,695
Creditors: amounts falling due within one year 4 (14,593) (15,939)
Net current assets 18,386 13,756
Net assets 18,386 13,756
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,286 13,656
Shareholder's funds 18,386 13,756
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mariah Ahmed
Director
Approved by the board on 27 May 2025
MARS COLLECTS LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Other debtors 100 100
4 Creditors: amounts falling due within one year 2024 2023
£ £
Director loan 9,000 10,529
Taxation and social security costs 4,359 4,210
Other creditors 1,234 1,200
14,593 15,939
5 Other information
MARS COLLECTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
79 Tixall Road
Birmigham
West Midlands
B28 0RS
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