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Company Registration No. 03001905 (England and Wales)
Mars Knitwear Limited Unaudited accounts for the year ended 31 January 2026
Mars Knitwear Limited Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
26,800
33,500
Investment property
5
626,066
626,066
Investments
6
52
52
652,918
659,618
Current assets
Debtors
7
38,606
59,820
Cash at bank and in hand
398,469
443,142
437,075
502,962
Creditors: amounts falling due within one year
8
(3,334)
(5,143)
Net current assets
433,741
497,819
Net assets
1,086,659
1,157,437
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,086,559
1,157,337
Shareholders' funds
1,086,659
1,157,437
For the year ending 31 January 2026 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 24 February 2026 and were signed on its behalf by
Said Saleh Director Company Registration No. 03001905
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Mars Knitwear Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
Mars Knitwear Limited is a private company, limited by shares, registered in England and Wales, registration number 03001905. The registered office is Westover, 16 Roundhill Road, Leicester, LE5 5RJ.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents rent received or receivable from letting properties.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
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Mars Knitwear Limited Notes to the Accounts for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2025
67,000
At 31 January 2026
67,000
Depreciation
At 1 February 2025
33,500
Charge for the year
6,700
At 31 January 2026
40,200
Net book value
At 31 January 2026
26,800
At 31 January 2025
33,500
5
Investment property
2026
£
Fair value at 1 February 2025
626,066
At 31 January 2026
626,066
6
Investments
Subsidiary undertakings
£
Valuation at 1 February 2025
52
Valuation at 31 January 2026
52
7
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
-
1,896
Other debtors
38,606
57,924
38,606
59,820
8
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
148
441
Other creditors
1,686
3,202
Accruals
1,500
1,500
3,334
5,143
9
Average number of employees
During the year the average number of employees was 3 (2025: 2).
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