Messagemail Limited 31/10/2024 iXBRL

Company registration number: 05501765

Messagemail Limited

Unaudited filleted financial statements

31 October 2024

Messagemail Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Messagemail Limited

Directors and other information


	Director	S J Curran


	Secretary	S J Curran


	Company number	05501765


	Registered office	78 York Street
		Marylebone
		London
		W1H 1DP

Messagemail Limited

Statement of financial position

31 October 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	-		2,772
		_______		_______
			-		2,772

Current assets
Debtors	7	172,213		277,721
Cash at bank and in hand		55,392		54,514
		_______		_______
		227,605		332,235
Creditors: amounts falling due
within one year	8	( 56,136)		( 56,022)
		_______		_______
Net current assets			171,469		276,213
			_______		_______
Total assets less current liabilities			171,469		278,985

Creditors: amounts falling due
after more than one year	9		( 23,262)		( 46,022)
			_______		_______
Net assets			148,207		232,963
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			148,206		232,962
			_______		_______
Shareholders funds			148,207		232,963
			_______		_______

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

S J Curran

Director

Company registration number: 05501765

Messagemail Limited

Notes to the financial statements

Year ended 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78 York Street, Marylebone, London, W1H 1DP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	Straight line over 15 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Straight line over the life of the lease
Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 16 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 November 2023 and 31 October 2024	59,333	59,333
	_______	_______
Amortisation
At 1 November 2023 and 31 October 2024	59,333	59,333
	_______	_______
Carrying amount
At 31 October 2024	-	-
	_______	_______
At 31 October 2023	-	-
	_______	_______

6. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 November 2023 and 31 October 2024	41,024	53,149	25,031	119,204
	_______	_______	_______	_______
Depreciation
At 1 November 2023	38,252	53,149	25,031	116,432
Charge for the year	2,772	-	-	2,772
	_______	_______	_______	_______
At 31 October 2024	41,024	53,149	25,031	119,204
	_______	_______	_______	_______
Carrying amount
At 31 October 2024	-	-	-	-
	_______	_______	_______	_______
At 31 October 2023	2,772	-	-	2,772
	_______	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	19,754	24,465
Other debtors	152,459	253,256
	_______	_______
	172,213	277,721
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	11,909	-
Trade creditors	8,227	10,264
Corporation tax	7,310	3,724
Social security and other taxes	21,909	35,988
Other creditors	6,781	6,046
	_______	_______
	56,136	56,022
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	23,262	46,022
	_______	_______

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	11,000	16,500
Later than 1 year and not later than 5 years	-	11,000
	_______	_______
	11,000	27,500
	_______	_______

11. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	S J Curran	35,459	809	( 20,660)	15,608
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	S J Curran	-	35,459	-	35,459
		_______	_______	_______	_______