Mark 3 International Limited Company accounts

Mark 3 International Limited Company accounts

MARK 3 INTERNATIONAL LIMITED - Company Information

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35 false false false false false false false false false true false false false false false false No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 348,795 57,970 34,879 92,849 255,946 290,825 xbrli:pure xbrli:shares iso4217:GBP 04036345 2021-01-01 2021-12-31 04036345 2021-12-31 04036345 2020-12-31 04036345 2020-01-01 2020-12-31 04036345 2020-12-31 04036345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-01-01 2021-12-31 04036345 core:PlantMachinery 2021-01-01 2021-12-31 04036345 core:FurnitureFittings 2021-01-01 2021-12-31 04036345 core:MotorVehicles 2021-01-01 2021-12-31 04036345 bus:RegisteredOffice 2021-01-01 2021-12-31 04036345 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 04036345 bus:Director1 2021-01-01 2021-12-31 04036345 bus:Director2 2021-01-01 2021-12-31 04036345 bus:Director4 2021-01-01 2021-12-31 04036345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-31 04036345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 04036345 core:LandBuildings 2020-12-31 04036345 core:PlantMachinery 2020-12-31 04036345 core:FurnitureFittings 2020-12-31 04036345 core:MotorVehicles 2020-12-31 04036345 core:LandBuildings 2021-12-31 04036345 core:PlantMachinery 2021-12-31 04036345 core:FurnitureFittings 2021-12-31 04036345 core:MotorVehicles 2021-12-31 04036345 core:LandBuildings 2021-01-01 2021-12-31 04036345 core:WithinOneYear 2021-12-31 04036345 core:WithinOneYear 2020-12-31 04036345 core:AfterOneYear 2021-12-31 04036345 core:AfterOneYear 2020-12-31 04036345 core:UKTax 2021-01-01 2021-12-31 04036345 core:UKTax 2020-01-01 2020-12-31 04036345 core:ShareCapital 2021-12-31 04036345 core:ShareCapital 2020-12-31 04036345 core:CapitalRedemptionReserve 2021-12-31 04036345 core:CapitalRedemptionReserve 2020-12-31 04036345 core:RetainedEarningsAccumulatedLosses 2021-12-31 04036345 core:RetainedEarningsAccumulatedLosses 2020-12-31 04036345 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-31 04036345 core:CostValuation core:Non-currentFinancialInstruments 2020-12-31 04036345 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2021-12-31 04036345 core:CostValuation core:Non-currentFinancialInstruments 2021-12-31 04036345 core:Non-currentFinancialInstruments 2021-12-31 04036345 core:Non-currentFinancialInstruments 2020-12-31 04036345 core:LandBuildings 2020-12-31 04036345 core:PlantMachinery 2020-12-31 04036345 core:MotorVehicles 2020-12-31 04036345 bus:LeadAgentIfApplicable 2020-01-01 2020-12-31 04036345 bus:SmallEntities 2021-01-01 2021-12-31 04036345 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 04036345 bus:FullAccounts 2021-01-01 2021-12-31 04036345 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 04036345 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
COMPANY REGISTRATION NUMBER: 04036345
MARK 3 INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
31 December 2021
MARK 3 INTERNATIONAL LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
CONTENTS
PAGE
Directors' report
1
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
3
Income statement
4
Statement of financial position
5
Notes to the financial statements
7
MARK 3 INTERNATIONAL LIMITED
DIRECTORS' REPORT
YEAR ENDED 31 DECEMBER 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2021 .
DIRECTORS
The directors who served the company during the year were as follows:
Mr H Mansi
Ms B S Eustace
Mr R A Eustace
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 September 2022 and signed on behalf of the board by:
Mr H Mansi
Director
Registered office:
Unit 3 Coln Industrial Estate
Colnbrook
Slough
England
SL3 0NJ
MARK 3 INTERNATIONAL LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARK 3 INTERNATIONAL LIMITED
YEAR ENDED 31 DECEMBER 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark 3 International Limited for the year ended 31 December 2021, which comprise the income statement, statement of financial position and the related notes 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Mark 3 International Limited, as a body, in accordance with the terms of our engagement letter dated 17 September 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Mark 3 International Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark 3 International Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Mark 3 International Limited 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 profit of Mark 3 International Limited. You consider that Mark 3 International Limited 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 Mark 3 International Limited. 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.
DYER & CO SERVICES LIMITED Chartered Accountants
Onega House 112 Main Road Sidcup Kent DA14 6NE
28 September 2022
MARK 3 INTERNATIONAL LIMITED
INCOME STATEMENT
YEAR ENDED 31 DECEMBER 2021
2021
2020
Note
£
£
TURNOVER
18,137,227
18,251,960
Cost of sales
15,514,084
15,411,783
---------------
---------------
GROSS PROFIT
2,623,143
2,840,177
Administrative expenses
2,474,550
2,802,458
Other operating income
483,498
751,500
---------------
---------------
OPERATING PROFIT
632,091
789,219
Other interest receivable and similar income
1,295
–
Amounts written off investments
150,000
–
Interest payable and similar expenses
5,049
2,476
---------------
---------------
PROFIT BEFORE TAXATION
5
478,337
786,743
Tax on profit
6
97,916
87,534
------------
------------
PROFIT FOR THE FINANCIAL YEAR
380,421
699,209
------------
------------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
MARK 3 INTERNATIONAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2021
2021
2020
Note
£
£
FIXED ASSETS
Intangible assets
7
255,946
290,825
Tangible assets
8
236,653
228,244
Investments
9
20,683
270,683
------------
------------
513,282
789,752
CURRENT ASSETS
Debtors
10
4,496,397
2,561,653
Cash at bank and in hand
1,773,660
1,487,888
---------------
---------------
6,270,057
4,049,541
CREDITORS: amounts falling due within one year
11
4,435,952
2,421,251
---------------
---------------
NET CURRENT ASSETS
1,834,105
1,628,290
---------------
---------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,347,387
2,418,042
CREDITORS: amounts falling due after more than one year
12
493,853
691,937
PROVISIONS
Taxation including deferred tax
34,491
32,003
---------------
---------------
NET ASSETS
1,819,043
1,694,102
---------------
---------------
MARK 3 INTERNATIONAL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2021
2021
2020
Note
£
£
CAPITAL AND RESERVES
Called up share capital
148
148
Capital redemption reserve
50
50
Profit and loss account
1,818,845
1,693,904
---------------
---------------
SHAREHOLDERS FUNDS
1,819,043
1,694,102
---------------
---------------
These financial statements have been prepared 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'.
For the year ending 31 December 2021 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 were approved by the board of directors and authorised for issue on 28 September 2022 , and are signed on behalf of the board by:
Mr H Mansi
Director
Company registration number: 04036345
MARK 3 INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Coln Industrial Estate, Colnbrook, Slough, SL3 0NJ, England.
2. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of 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 it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
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. Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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:
Software development
-
10% straight line
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 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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% straight line
Fixtures and Fittings
-
25% straight line
Motor Vehicles and Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
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 the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. 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.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
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 as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
3. AUDITOR'S REMUNERATION
2021
2020
£
£
Fees payable for the audit of the financial statements
16,708
9,500
----------
--------
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 35 (2020: 46 ).
5. PROFIT BEFORE TAXATION
Profit before taxation is stated after charging:
2021
2020
£
£
Amortisation of intangible assets
34,879
34,880
Depreciation of tangible assets
115,085
122,215
------------
------------
6. TAX ON PROFIT
Major components of tax expense
2021
2020
£
£
Current tax:
UK current tax expense
95,428
104,171
Deferred tax:
Origination and reversal of timing differences
2,488
( 16,637)
----------
----------
Tax on profit
97,916
87,534
----------
----------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is higher than (2020: lower than) the standard rate of corporation tax in the UK of 19 % (2020: 19 %).
2021
2020
£
£
Profit on ordinary activities before taxation
478,337
786,743
------------
------------
Profit on ordinary activities by rate of tax
90,884
149,481
Effect of expenses not deductible for tax purposes
34,265
31,685
Effect of capital allowances and depreciation
( 4,931)
( 5,327)
Origination and reversal of timing differences
2,488
(16,637)
Other tax adjustment
(24,790)
(71,668)
------------
------------
Tax on profit
97,916
87,534
------------
------------
7. INTANGIBLE ASSETS
Development costs
£
Cost
At 1 January 2021 and 31 December 2021
348,795
------------
Amortisation
At 1 January 2021
57,970
Charge for the year
34,879
------------
At 31 December 2021
92,849
------------
Carrying amount
At 31 December 2021
255,946
------------
At 31 December 2020
290,825
------------
8. TANGIBLE ASSETS
Land and buildings
Plant and machinery
Fixtures and fittings
Office Equipment and Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2021
39,435
179,939
119,770
233,203
572,347
Additions
–
158,021
1,224
95,056
254,301
Disposals
–
( 126,682)
–
( 11,500)
( 138,182)
----------
------------
------------
------------
------------
At 31 December 2021
39,435
211,278
120,994
316,759
688,466
----------
------------
------------
------------
------------
Depreciation
At 1 January 2021
15,774
55,923
119,770
152,636
344,103
Charge for the year
3,944
51,469
306
59,366
115,085
Disposals
–
–
–
( 7,375)
( 7,375)
----------
------------
------------
------------
------------
At 31 December 2021
19,718
107,392
120,076
204,627
451,813
----------
------------
------------
------------
------------
Carrying amount
At 31 December 2021
19,717
103,886
918
112,132
236,653
----------
------------
------------
------------
------------
At 31 December 2020
23,661
124,016
–
80,567
228,244
----------
------------
------------
------------
------------
9. INVESTMENTS
Shares in group undertakings
Shares in participating interests
Total
£
£
£
Cost
At 1 January 2021
270,183
500
270,683
Disposals
( 250,000)
–
( 250,000)
------------
-----
------------
At 31 December 2021
20,183
500
20,683
------------
-----
------------
Impairment
At 1 January 2021 and 31 December 2021
–
–
–
------------
-----
------------
Carrying amount
At 31 December 2021
20,183
500
20,683
------------
-----
------------
At 31 December 2020
270,183
500
270,683
------------
-----
------------
The company owns 100% of the issued share capital of the companies listed below. The Company disposed of it's holding in One Stop Couriers during the year to 31 December 2021.
2021
2020
2019
£
£
£
Aggregate capital and reserves
Mark 3 Delivery Services Inc.
131,567
141,600
154,600
One Stop Couriers Ltd
–
266,159
276,126
Profit & (Loss) for the year
Mark 3 Delivery Services Inc.
(19,648)
(9,844)
43,922
One Stop Couriers Ltd
–
63,717
87,801
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information of the company as an individual entity.
10. DEBTORS
2021
2020
£
£
Trade debtors
3,513,545
1,984,802
Amounts owed by group undertakings and undertakings in which the company has a participating interest
455,510
276,379
Other debtors
527,342
300,472
---------------
---------------
4,496,397
2,561,653
---------------
---------------
11. CREDITORS: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
120,000
60,000
Trade creditors
4,046,640
2,025,477
Corporation tax
95,428
27,537
Social security and other taxes
49,901
29,884
Other creditors
123,983
278,353
---------------
---------------
4,435,952
2,421,251
---------------
---------------
12. CREDITORS: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
420,000
540,000
Other creditors
73,853
151,937
------------
------------
493,853
691,937
------------
------------
13. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2021
2020
£
£
Included in provisions
34,491
32,003
----------
----------
14. GOVERNMENT GRANTS
The amounts recognised in the financial statements for government grants are as follows:
2021
2020
£
£
Recognised in other operating income:
Government grants recognised directly in income
176,757
417,450
------------
------------
15. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021
2020
£
£
Not later than 1 year
–
303,600
-----
------------
16. RELATED PARTY TRANSACTIONS
During the year, the company paid loan interest of £NIL (2020 £NIL) to the directors. During the year Mark 3 International Limited traded with Mark 3 Delivery Inc, a company which is incorporated in the US and who's shares are fully owned by Mark 3 International Limited. The total value of sales to Mark 3 Delivery Inc during the year was £NIL (2020: £NIL) with rental income of £NIL (2020: £NIL ). The total value of purchases supplied from Mark 3 Delivery Inc during the year was £5,034,054 (2020: £3,786,008). At the balance sheet date £1,479,529 (2020: £482,491) remained payable from Mark 3 International Limited to Mark 3 Delivery Inc. During the year One Stop Couriers Limited traded with Mark 3 International Limited, a company which is incorporated in the UK and who's shares were previously 70% owned by Mark 3 International Limited. The total value of sales to One Stop Couriers Limited during the year was £52,708 (2020: £67,614) and £NIL (2020:£100,000) in relation to management fees. The total value of purchases supplied from One Stop Couriers during the year was £9,455 (2020: £969). At the balance sheet date £12,376 (2020: £19,211) remained receivable by Mark 3 International Limited. At the balance sheet date Mark 3 International owed One Stop Courier £2,327 (2020: £288). During the year the Company disposed of its shareholding in One Stop Couriers Ltd. During the year Universal Wines and Spirits Limited traded with Mark 3 International Limited, a company which is incorporated in the UK and who shares Directors with Universal Wines and Spirits Limited. The total value of sales to Universal Wines and Spirits Limited during the year was £769,644 (2020: £NIL). At the balance sheet date £349,846 (2020: £NIL) remained receivable by Mark 3 International Limited. During the year Courier Facilities Limited traded with Mark 3 International Limited, a company which is incorporated in the UK and who shares Directors with Courier Facilities Limited. The total value of sales to Courier Facilities Limited during the year was £418 (2020: £NIL). At the balance sheet date £NIL (2020: £NIL) remained receivable by Mark 3 International Limited.