MANGO OPERATIONS LIMITED


Directors	David Bareham
	Daniel Levan - Harris


Registered Address	Lawford House
	Albert Place
	London
	N3 1QA


Registered Number	05056425 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	Mango Operations Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05056425. The address of the registered office is Lawford House, Albert Place, London, N3 1QA.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from rendering of services
	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.

Revenue from rendering of services

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.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2026		2025
	Average number of employees during the year	3		4

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 25	9,313	9,313
At 31 March 26	9,313	9,313
Depreciation and impairment
At 01 April 25	9,069	9,069
Charge for year	154	154
At 31 March 26	9,223	9,223
Net book value
At 31 March 26	90	90
At 31 March 25	244	244

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	42,099	55,222
Amounts owed by group undertakings	55,134	78,109
Other debtors	9,900	22,311
Prepayments and accrued income	11,718	22,524
Total	118,851	178,166

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	30,799	72,035
Bank borrowings and overdrafts	20,306	31,491
Taxation and social security	6,411	7,417
Other creditors	12,692	2,788
Accrued liabilities and deferred income	8,209	7,489
Total	78,417	121,220

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	19,778	40,083
Total	19,778	40,083

7.	Pension commitments
	The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,201 (2025: £3,173). At the balance sheet date, unpaid contributions of £354 (2025 - £515) were due to the fund. They are included in other creditors.

Pension commitments

The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,201 (2025: £3,173). At the balance sheet date, unpaid contributions of £354 (2025 - £515) were due to the fund. They are included in other creditors.

8.	Operating lease commitments
	The company had commitments under non-cancellable operating leases, payable as follows: Land and Buildings In less than one year 2026: £33,000, 2025: £33,000 In one to five years 2026: £132,000, 2025: £132,000 In over five years 2026: £16,500, 2025: £49,500

9.	Events after reporting date
	Subsequent to the year end, on 31 July 2026, the Company transferred its trade and related business activities to Mango Couriers Limited, a fellow group undertaking under common control. No assets or liabilities were transferred as part of the transaction, as these were retained by the Company. The directors consider this to be a non-adjusting event after the balance sheet date. Accordingly, no adjustment has been made to these financial statements.

Events after reporting date

Subsequent to the year end, on 31 July 2026, the Company transferred its trade and related business activities to Mango Couriers Limited, a fellow group undertaking under common control. No assets or liabilities were transferred as part of the transaction, as these were retained by the Company.

The directors consider this to be a non-adjusting event after the balance sheet date. Accordingly, no adjustment has been made to these financial statements.

10.	Related party transactions
	As at the yearend the company was owed £55,134 (2025: £78,109), by its parent company.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		90		244
			90		244
Current assets
Debtors	4	118,851		178,166
Cash at bank and on hand		10,439		5,430
		129,290		183,596
Creditors amounts falling due within one year	5	(78,417)		(121,220)
Net current assets (liabilities)			50,873		62,376
Total assets less current liabilities			50,963		62,620
Creditors amounts falling due after one year	6		(19,778)		(40,083)
Net assets			31,185		22,537
Capital and reserves
Called up share capital			1		1
Profit and loss account			31,184		22,536
Shareholders' funds			31,185		22,537