Mail Order Online Ltd 28/02/2025 iXBRL

Company registration number: 07160372

Mail Order Online Ltd

Unaudited filleted financial statements

28 February 2025

Mail Order Online Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Mail Order Online Ltd

Directors and other information


	Directors	Mr John Rushton


	Company number	07160372


	Registered office	Bay 1-4
		Crossens Way Business Park
		Marine Drive
		Southport
		PR9 9LY


	Business address	Bay 1-4
		Crossens Way Business Park
		Marine Drive
		Southport
		PR9 9LY


	Accountants	Forshaws Accountants Limited
		Crossens Way Business Park
		Crossens Way
		Southport
		Merseyside
		PR9 9LY

Mail Order Online Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Mail Order Online Ltd

Year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mail Order Online Ltd for the year ended 28 February 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Mail Order Online Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mail Order Online Ltd and state those matters that we have agreed to state to the board of directors of Mail Order Online Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mail Order Online Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Mail Order Online Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mail Order Online Ltd. You consider that Mail Order Online Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mail Order Online Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Forshaws Accountants Limited

Chartered Accountants

Crossens Way Business Park

Crossens Way

Southport

Merseyside

PR9 9LY

18 November 2025

Mail Order Online Ltd

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	284,604		308,147
		_______		_______
			284,604		308,147

Current assets
Stocks		2,066,166		1,598,335
Debtors	6	852,049		2,585,098
Cash at bank and in hand		694,295		466,088
		_______		_______
		3,612,510		4,649,521
Creditors: amounts falling due
within one year	7	( 1,035,893)		( 2,004,215)
		_______		_______
Net current assets			2,576,617		2,645,306
			_______		_______
Total assets less current liabilities			2,861,221		2,953,453

Creditors: amounts falling due
after more than one year	8		( 5,834)		( 15,833)

Provisions for liabilities	9		( 71,152)		( 77,038)

			_______		_______
Net assets			2,784,235		2,860,582
			_______		_______

Capital and reserves
Called up share capital	11		4		4
Profit and loss account			2,784,231		2,860,578
			_______		_______
Shareholders funds			2,784,235		2,860,582
			_______		_______

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their 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 18 November 2025 , and are signed on behalf of the board by:

Mr John Rushton

Director

Company registration number: 07160372

Mail Order Online Ltd

Notes to the financial statements

Year ended 28 February 2025

1. General information

The principal activity of the company is that of online retailer.

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'. and the Companies Act 2006.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. Should the existing facilities not be sufficient to fund the company's working capital for the period ending 12 months from the date of approval of these financial statements, the Directors have considered alternative sources of financing, including, but not restricted to, additional financial support from its shareholders, and understand that these funds would provide sufficient resource to meet any shortfall which may arise under agreed facilities.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	25% Reducing balance
Fittings fixtures and equipment	-	25% Straight line
Studio equipment	-	33% 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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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.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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 37 (2024: 23 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Studio equipment	Total
	£	£	£	£
Cost
At 29 February 2024	639,727	207,095	22,742	869,564
Additions	16,824	17,329	44,289	78,442
	_______	_______	_______	_______
At 28 February 2025	656,551	224,424	67,031	948,006
	_______	_______	_______	_______
Depreciation
At 29 February 2024	406,600	151,317	3,499	561,416
Charge for the year	61,292	25,814	14,880	101,986
	_______	_______	_______	_______
At 28 February 2025	467,892	177,131	18,379	663,402
	_______	_______	_______	_______
Carrying amount
At 28 February 2025	188,659	47,293	48,652	284,604
	_______	_______	_______	_______
At 28 February 2024	233,127	55,778	19,243	308,148
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	411,917	296,966
Other debtors	440,132	2,288,132
	_______	_______
	852,049	2,585,098
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	126,586	1,167,946
Corporation tax	544	1,467
Social security and other taxes	809,524	700,258
Other creditors	89,239	124,544
	_______	_______
	1,035,893	2,004,215
	_______	_______

The bank borrowing's are secured by a fixed and floating charge over all assets of the company. Other Loans are secured by a fixed and floating charge over all assets of the company, and a personal guarantee given by Mr John Rushton .

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

	2025	2024
	£	£
Bank loans and overdrafts	5,834	15,833
	_______	_______

9. Provisions

	Deferred tax (note 10)	Total
	£	£
At 29 February 2024	77,038	77,038
Charges against provisions	( 5,886)	( 5,886)
	_______	_______
At 28 February 2025	71,152	71,152
	_______	_______

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	71,152	77,038
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	71,152	77,038
	_______	_______

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	2	2	2	2
Ordinary A shares of £ 1.00 each	1	1	1	1
Ordinary B shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______
	4	4	4	4
	_______	_______	_______	_______

12. Related party transactions

At the balance sheet date, other creditors included £75,544 (2024: £111,116) due to the director of the company. These balances are unsecured, interest free and repayable on demand.

13. Controlling party

The company is under the control of Mr John Rushton by virtue of holding 100% of the issued share capital.