Mailbox Door Drop Limited
Unaudited Financial Statements
For the year ended 30 September 2024
Pages for Filing with Registrar
Company Registration No. 08763081 (England and Wales)
Mailbox Door Drop Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Mailbox Door Drop Limited
Balance Sheet
As at 30 September 2024
30 September 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
325,281
202,752
Cash at bank and in hand
22,278
25,038
347,559
227,790
Creditors: amounts falling due within one year
5
(303,113)
(168,940)
Net current assets
44,446
58,850
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
44,445
58,849
Total equity
44,446
58,850

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 March 2025 and are signed on its behalf by:
R E Elliot
Director
Company Registration No. 08763081
Mailbox Door Drop Limited
Notes to the Financial Statements
For the year ended 30 September 2024
Page 2
1
Accounting policies
Company information

Mailbox Door Drop Limited is a private company limited by shares incorporated in England and Wales. The registered office is 47 Great Marlborough Street, London, United Kingdom, W1F 7JP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors of the parent company, Media Concierge (Holdings) Limited, have prepared a cash flow forecast for a period of 12 months from the date of approval of these financial statements which indicates that the group and company will have sufficient funds to meet liabilities as they fall due for that period. The cash flow forecast has assessed the impacts of other external factors and has concluded that there is no significant impact to the going concern status of the company. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.5
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the tax currently payable.

Mailbox Door Drop Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
1
Accounting policies
(Continued)
Page 3
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other year and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Dividends
2024
2023
£
£
Final paid
25,000
50,000
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
30,112
14,641
Amounts owed by group undertakings
295,169
188,111
325,281
202,752
Mailbox Door Drop Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 4
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
477
27
Amounts owed to group undertakings
263,459
136,496
Corporation tax
18,170
3,405
Other taxation and social security
21,007
27,733
Other creditors
-
1,279
303,113
168,940
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
7
Financial commitments, guarantees and contingent liabilities

The bank overdraft facilities are secured by way of a fixed and floating charge and a composite accounting agreement between all group companies with a bank account. An unlimited cross guarantee in respect of these companies has been given to the bank. The total outstanding liability for the group in respect of the overdraft facility is £nil (2023: £nil).

8
Related party transactions

The company has taken advantage of the exemption available under paragraph 33.1A of the Financial Reporting Standard 102 not to disclose transactions with any wholly owned members of the group.

 

During the year sales of £5,248 (2023: £8,519) were made to a company which the ultimate parent company of this entity holds a significant influence.

 

During the year costs of £3,273 (2023: £4,153) were incurred from a company which the ultimate parent company of this entity holds a significant influence.

 

Included in other creditors is £nil (2023: £1,157) owed to companies under common control.

Mailbox Door Drop Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 5
9
Controlling Party

The immediate and ultimate controlling party is Media Concierge (Holdings) Limited, a company incorporated in England and Wales.

 

The smallest and largest entity preparing consolidated accounts is Media Concierge (Holdings) Limited. The consolidated group accounts are available from 47 Great Marlborough Street, London, W1F 7JP.

 

The ultimate controlling party is M C Denmark by virtue of his shareholding in Media Concierge (Holdings) Limited.

 

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

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