MARACOM LIMITED

Company Registration Number:
00493624 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 October 2020

End date: 31 March 2022

MARACOM LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

MARACOM LIMITED

Balance sheet

As at 31 March 2022


Notes

18 months to 31 March 2022

2020


£

£
Fixed assets
Tangible assets: 3 356,000 201,000
Total fixed assets: 356,000 201,000
Current assets
Stocks: 270,000 239,000
Debtors: 4 1,514,000 1,512,000
Cash at bank and in hand: 1,322,000 2,313,000
Total current assets: 3,106,000 4,064,000
Creditors: amounts falling due within one year: 5 (831,000) (1,189,000)
Net current assets (liabilities): 2,275,000 2,875,000
Total assets less current liabilities: 2,631,000 3,076,000
Provision for liabilities: (30,000) (11,000)
Total net assets (liabilities): 2,601,000 3,065,000
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 2,600,000 3,064,000
Shareholders funds: 2,601,000 3,065,000

The notes form part of these financial statements

MARACOM LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2022
and signed on behalf of the board by:

Name: Kim Benton
Status: Director

The notes form part of these financial statements

MARACOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised, once work has been certified or completed, at the fair value of the consideration received or receivable for sale of services. Turnover is shown net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided to write off the cost, less estimated residual values, of all tangible fixed assets over their expected useful lives. It is calculated on the following rates:Leasehold Improvements - 20% per annum straight linePlant and Equipment - 25% - 33% per annum straight lineMotor Vehicles - 25% per annum reducing balance

Valuation and information policy

Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies

Government grants are recognised at the fair value of assets received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants received.Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occured at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods difference from those in which they are recognised in the financial statements. Deferred tax is measured on a non-discounted basis.Contributions to the company's defined contribution scheme are charged to the profit and loss account in the period in which they become payable.

MARACOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

18 months to 31 March 2022 2020
Average number of employees during the period 39 44

MARACOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 October 2020 893,000
Additions 382,000
Disposals (202,000)
At 31 March 2022 1,073,000
Depreciation
At 01 October 2020 692,000
Charge for year 189,000
On disposals (164,000)
At 31 March 2022 717,000
Net book value
At 31 March 2022 356,000
At 30 September 2020 201,000

MARACOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Debtors

18 months to 31 March 2022 2020
££
Debtors due after more than one year: 73,692 73,692

MARACOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due within one year note

Trade Creditors - £482,000Other taxation and social security - £174,000Corporation Tax - £84,000Other creditors and accruals - £91,000

MARACOM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Financial commitments

The total future minimum lease payments under non-cancellable operating leases are as follows:Amounts due within one year - £123,000Amounts due between two and five years - £391,000