Company Registration No. 06813480 (England and Wales)
MANGO COURIERS LIMITED
Unaudited accounts
for the year ended 31 March 2025
MANGO COURIERS LIMITED
Unaudited accounts
Contents
MANGO COURIERS LIMITED
Company Information
for the year ended 31 March 2025
Directors
Daniel LEVAN-HARRIS
David BAREHAM
Company Number
06813480 (England and Wales)
Registered Office
C/O STERLINGS LTD, LAWFORD HOUSE
ALBERT PLACE
LONDON
N3 1QA
ENGLAND
MANGO COURIERS LIMITED
Statement of financial position
as at 31 March 2025
Intangible assets
6,556
16,392
Tangible assets
78,775
89,878
Cash at bank and in hand
10,732
18,576
Creditors: amounts falling due within one year
(400,750)
(414,879)
Net current assets
141,856
132,101
Total assets less current liabilities
227,187
238,371
Creditors: amounts falling due after more than one year
(109,111)
(90,072)
Net assets
118,076
148,299
Called up share capital
14,000
14,000
Profit and loss account
104,076
134,299
Shareholders' funds
118,076
148,299
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
David BAREHAM
Director
Company Registration No. 06813480
MANGO COURIERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
MANGO COURIERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06813480. The registered office is C/O STERLINGS LTD, LAWFORD HOUSE, ALBERT PLACE, LONDON, N3 1QA, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”) and the Companies Act 2006.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of
services 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.
The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the
balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business
combinations, when deferred tax is recognised on the differences between the fair value of assets acquired and the
future tax deductions available for them and the differences between the fair values of liabilities acquired and the
amount that will be assessed for tax. Deferred tax is determined using tax rates that have been enacted or substantively
enacted by the balance sheet date.
MANGO COURIERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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.
The accounts are presented in £ sterling.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings
are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the
amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant
borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and
similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of
the liability for at least twelve months after the reporting date.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Motor vehicles
Over 3 years, straight line
Fixtures & fittings
Over 3 years, straight line
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.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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.
The estimated useful life of the intangible asset is five years.
MANGO COURIERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of
business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using
the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is
established when there is objective evidence that the company will not be able to collect all amounts due according to
the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets
and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related
parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in
the Profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable
right to set off the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle
the liability simultaneously.
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the
period of the lease.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
Motor vehicles £70,106 (2024: £83,660)
MANGO COURIERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
32,416
The Company operates a defined contribution scheme. The assets of the scheme are held separately from those of the Company in an independently administrated fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,444 (2024: £11,111). Contributions totalling £2,539 (2024: £2,219) were payable to the fund at the balance sheet date and are included in creditors.
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Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
20,472
3,413
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Transactions with related parties
As at the yearend the company was owed £304,710 (2024: £297,221), by its parent company.
MANGO COURIERS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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Average number of employees
During the year the average number of employees was 21 (2024: 20).