Registration number:
MariaDB UK Ltd
for the Year Ended 31 May 2024
MariaDB UK Ltd
Contents
for the Year Ended 31 May 2024
|
Company Information |
|
|
Balance Sheet |
|
|
Notes to the Financial Statements |
MariaDB UK Ltd
Company Information
for the Year Ended 31 May 2024
|
Directors |
K Leather C McCarthy |
|
Registered office |
|
|
Registered number |
14106499 ( England and wales ) |
|
Auditors |
|
MariaDB UK Ltd
(Registration number: 14106499)
Balance Sheet as at 31 May 2024
|
Note |
2024 |
2023 |
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
1 |
1 |
|
|
Retained earnings |
191,174 |
92,700 |
|
|
Shareholders' funds |
191,175 |
92,701 |
Approved and authorised by the
|
......................................... |
MariaDB UK Ltd
Notes to the Financial Statements for the Year Ended 31 May 2024
|
General information |
The company is a private company limited by share capital, incorporated in England and wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and 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 £.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
All revenue is derived from the parent and other group undertakings. 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. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
MariaDB UK Ltd
Notes to the Financial Statements for the Year Ended 31 May 2024
Revenue recognition
Turnover comprises of the consideration received or receivable for the provision of services to group
entities on a cost plus 5% basis in the ordinary course of the company’s activities. Turnover is shown
net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Amounts classified as payable within one year are not amortised.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight-line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
MariaDB UK Ltd
Notes to the Financial Statements for the Year Ended 31 May 2024
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year was
|
Debtors |
|
Current |
Note |
2024 |
2023 |
|
Amounts owed by group undertakings |
|
|
|
|
Prepayments |
|
|
|
|
Other debtors |
|
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2024 |
2023 |
|
|
Due within one year |
||
|
Trade creditors |
- |
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2024 |
2023 |
|
|
Not later than one year |
|
- |
MariaDB UK Ltd
Notes to the Financial Statements for the Year Ended 31 May 2024
|
Parent undertaking |
The registered and trading address of MariaDB plc is:
70 Sir John Rogerson's Quay
Dublin 2
D02 R296
Ireland
|
Audit report information |
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial satements is provided in
accordance with s444(5B) of the Companies Act 2006:
The senior statutory auditor was
The auditor was Kirk Rice LLP.
The audit report was signed on