REGISTERED NUMBER: 03574789 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mark-Up Tools Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Kazim

S M Raza

A R Sheikh

Mrs M Tahira

SECRETARY:

S M Raza

REGISTERED OFFICE:

1 Jury Street

Manchester

Lancashire

M8 8FN

REGISTERED NUMBER:

03574789 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

54,038

57,784

CURRENT ASSETS

Stocks

1,084,785

976,024

Debtors

5

147,466

97,751

Cash at bank and in hand

56,423

78,435

1,288,674

1,152,210

CREDITORS

Amounts falling due within one year

6

(810,077

)

(640,750

)

NET CURRENT ASSETS

478,597

511,460

TOTAL ASSETS LESS CURRENT LIABILITIES

532,635

569,244

CREDITORS

Amounts falling due after more than one year

7

(111,806

)

(174,795

)

PROVISIONS FOR LIABILITIES

(8,503

)

(8,650

)

NET ASSETS

412,326

385,799

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

412,126

385,599

412,326

385,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

A R Sheikh - Director

1.	STATUTORY INFORMATION

Mark-Up Tools Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Grant income

Grants of a revenue nature are credited to income in the period to which they relate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company's financial statements for the year ended 31 December 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

27,357

19,808

21,638

14,793

83,596

Additions

-

1,098

838

1,379

3,315

At 31 December 2024

27,357

20,906

22,476

16,172

86,911

DEPRECIATION

At 1 January 2024

4,172

1,082

12,961

7,597

25,812

Charge for year

547

3,012

1,397

2,105

7,061

At 31 December 2024

4,719

4,094

14,358

9,702

32,873

NET BOOK VALUE

At 31 December 2024

22,638

16,812

8,118

6,470

54,038

At 31 December 2023

23,185

18,726

8,677

7,196

57,784

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

97,196

64,458

Other debtors

50,270

33,293

147,466

97,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

51,667

40,398

Trade creditors

512,009

353,257

Taxation and social security

66,620

69,296

Other creditors

179,781

177,799

810,077

640,750

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

111,806

174,795

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

HSBC UK Bank PLC (Bank loans)

149,360

191,026

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M Kazim

Balance outstanding at start of year

14,648

13,071

Amounts advanced

33,256

21,577

Amounts repaid

(28,000

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,904

14,648

A R Sheikh

Balance outstanding at start of year

14,513

11,375

Amounts advanced

33,438

23,138

Amounts repaid

(28,000

)

(20,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,951

14,513

During the year interest amounting to £342 has been charged in respect of these overdrawn balances.

10.	RELATED PARTY DISCLOSURES

Included within other creditors are directors' current account balances of £76,084 (2023: £66,735). There are no fixed repayment terms and no interest is chargeable to the company in respect of these balances.