Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-306falsetrue2023-10-01falseThe principal activity of the business is the wholesale of perfume and cosmetics7falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11549393 2023-10-01 2024-09-30 11549393 2022-10-01 2023-09-30 11549393 2024-09-30 11549393 2023-09-30 11549393 2022-10-01 11549393 c:Director1 2023-10-01 2024-09-30 11549393 d:PlantMachinery 2023-10-01 2024-09-30 11549393 d:PlantMachinery 2024-09-30 11549393 d:PlantMachinery 2023-09-30 11549393 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11549393 d:FurnitureFittings 2023-10-01 2024-09-30 11549393 d:FurnitureFittings 2024-09-30 11549393 d:FurnitureFittings 2023-09-30 11549393 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11549393 d:OfficeEquipment 2023-10-01 2024-09-30 11549393 d:OfficeEquipment 2024-09-30 11549393 d:OfficeEquipment 2023-09-30 11549393 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11549393 d:ComputerEquipment 2023-10-01 2024-09-30 11549393 d:ComputerEquipment 2024-09-30 11549393 d:ComputerEquipment 2023-09-30 11549393 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11549393 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 11549393 d:OtherPropertyPlantEquipment 2024-09-30 11549393 d:OtherPropertyPlantEquipment 2023-09-30 11549393 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11549393 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11549393 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 11549393 d:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 11549393 d:Goodwill 2023-10-01 2024-09-30 11549393 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 11549393 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 11549393 d:CurrentFinancialInstruments 2024-09-30 11549393 d:CurrentFinancialInstruments 2023-09-30 11549393 d:Non-currentFinancialInstruments 2024-09-30 11549393 d:Non-currentFinancialInstruments 2023-09-30 11549393 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 11549393 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11549393 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 11549393 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11549393 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 11549393 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 11549393 d:ShareCapital 2023-10-01 2024-09-30 11549393 d:ShareCapital 2024-09-30 11549393 d:ShareCapital 2022-10-01 2023-09-30 11549393 d:ShareCapital 2023-09-30 11549393 d:ShareCapital 2022-10-01 11549393 d:SharePremium 2023-10-01 2024-09-30 11549393 d:SharePremium 2024-09-30 11549393 d:SharePremium 2022-10-01 2023-09-30 11549393 d:SharePremium 2023-09-30 11549393 d:SharePremium 2022-10-01 11549393 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 11549393 d:RetainedEarningsAccumulatedLosses 2024-09-30 11549393 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 11549393 d:RetainedEarningsAccumulatedLosses 2023-09-30 11549393 d:RetainedEarningsAccumulatedLosses 2022-10-01 11549393 c:FRS102 2023-10-01 2024-09-30 11549393 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11549393 c:FullAccounts 2023-10-01 2024-09-30 11549393 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11549393 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 11549393 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 11549393 d:ExternallyAcquiredIntangibleAssets 2023-10-01 2024-09-30 11549393 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-10-01 2024-09-30 11549393 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-10-01 2024-09-30 11549393 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 11549393










MINTOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MINTOLOGY LIMITED
REGISTERED NUMBER: 11549393

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
289,538
244,774

Tangible assets
 5 
14,178
27,276

  
303,716
272,050

Current assets
  

Stocks
 6 
633,577
773,773

Debtors: amounts falling due within one year
 7 
502,267
592,961

Cash at bank and in hand
 8 
53,283
128,104

  
1,189,127
1,494,838

Creditors: amounts falling due within one year
 9 
(707,385)
(705,925)

Net current assets
  
 
 
481,742
 
 
788,913

Total assets less current liabilities
  
785,458
1,060,963

Creditors: amounts falling due after more than one year
 10 
-
(3,455,984)

  

Net assets/(liabilities)
  
785,458
(2,395,021)


Capital and reserves
  

Called up share capital 
  
3,698,467
180

Share premium account
  
2,418,431
1,999,920

Profit and loss account
  
(5,331,440)
(4,395,121)

  
785,458
(2,395,021)


Page 1

 
MINTOLOGY LIMITED
REGISTERED NUMBER: 11549393
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R A Ferrier
Director

Date: 30 June 2025

The notes on pages 5 to 13 form part of these financial statements.

Page 2

 
MINTOLOGY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
180
1,999,920
(4,395,121)
(2,395,021)


Comprehensive income for the year

Loss for the year
-
-
(936,319)
(936,319)
Total comprehensive income for the year
-
-
(936,319)
(936,319)


Contributions by and distributions to owners

Shares issued during the year
3,698,287
418,511
-
4,116,798


Total transactions with owners
3,698,287
418,511
-
4,116,798


At 30 September 2024
3,698,467
2,418,431
(5,331,440)
785,458


The notes on pages 5 to 13 form part of these financial statements.

Page 3

 
MINTOLOGY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 October 2022
180
1,999,920
(3,259,776)
(1,259,676)


Comprehensive income for the year

Loss for the year
-
-
(1,135,345)
(1,135,345)
Total comprehensive income for the year
-
-
(1,135,345)
(1,135,345)


Total transactions with owners
-
-
-
-


At 30 September 2023
180
1,999,920
(4,395,121)
(2,395,021)


The notes on pages 5 to 13 form part of these financial statements.

Page 4

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Mintology Limited is a private company, limited by shares, registered in England and Wales,
registration number 11549393. The registered office is 10 Queen Street Place, London, EC4R 1AG. 
The principal activity of company is wholesale of perfume and cosmetics.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have reviewed the company's liabilities over the next 12 months and considers the business to be a going concern. They will continue to support the company as required along with steps taken by management to ensure that all financial commitments can be met when they fall due.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 6

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Intangible assets



Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Straight line
Fixtures and fittings
-
25% Straight line
Office equipment
-
25% Straight line
Computer equipment
-
25% Straight line
Other fixed assets
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 7

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.14

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 7).

Page 8

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Development
Trademarks
Total

£
£
£



Cost


At 1 October 2023
149,952
167,008
316,960


Additions
57,237
27,717
84,954



At 30 September 2024

207,189
194,725
401,914



Amortisation


At 1 October 2023
25,399
46,787
72,186


Charge for the year on owned assets
20,719
19,472
40,191



At 30 September 2024

46,118
66,259
112,377



Net book value



At 30 September 2024
161,071
128,466
289,537



At 30 September 2023
124,553
120,221
244,774



Page 9

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 October 2023
126,405
24,727
114
34,408
10,700



At 30 September 2024

126,405
24,727
114
34,408
10,700



Depreciation


At 1 October 2023
103,619
24,433
114
30,212
10,700


Charge for the year on owned assets
11,161
294
-
1,643
-



At 30 September 2024

114,780
24,727
114
31,855
10,700



Net book value



At 30 September 2024
11,625
-
-
2,553
-



At 30 September 2023
22,785
295
-
4,196
-

Total

£



Cost or valuation


At 1 October 2023
196,354



At 30 September 2024

196,354



Depreciation


At 1 October 2023
169,078


Charge for the year on owned assets
13,098



At 30 September 2024

182,176



Net book value



At 30 September 2024
14,178



At 30 September 2023
27,276
Page 10

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           5.Tangible fixed assets (continued)



6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
633,577
773,773


Page 11

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
424,685
479,624

Other debtors
14,907
14,140

Prepayments and accrued income
62,675
74,924

Tax recoverable
-
24,273

502,267
592,961



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
53,283
128,104



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
542,863
413,880

Corporation tax
37,700
-

Other taxation and social security
12,174
36,288

Other creditors
1,959
221,001

Accruals and deferred income
112,689
34,756

707,385
705,925



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
3,455,984


Page 12

 
MINTOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
-
3,455,984


-
3,455,984



-
3,455,984


During the year on 18 June 2024, the loan was converted to equity. 

 
Page 13