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REGISTERED NUMBER: 04005011 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MARSC LIMITED

MARSC LIMITED (REGISTERED NUMBER: 04005011)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: P Sesseng
C J Derry-Bennett
P Fraser
L Reeves





REGISTERED OFFICE: 4 Heath Square
Boltro Rd
Haywards Heath
West Sussex
RH16 1BL





REGISTERED NUMBER: 04005011 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

MARSC LIMITED (REGISTERED NUMBER: 04005011)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 7,027 2,573
7,027 2,573

CURRENT ASSETS
Debtors 7 289,949 217,352
Cash at bank 101,878 151,482
391,827 368,834
CREDITORS
Amounts falling due within one year 8 94,713 94,901
NET CURRENT ASSETS 297,114 273,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,141

276,506

PROVISIONS FOR LIABILITIES 9 1,335 489
NET ASSETS 302,806 276,017

CAPITAL AND RESERVES
Called up share capital 10 287 287
Share premium 380,351 380,351
Retained earnings (77,832 ) (104,621 )
SHAREHOLDERS' FUNDS 302,806 276,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MARSC LIMITED (REGISTERED NUMBER: 04005011)

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:





P Fraser - Director


MARSC LIMITED (REGISTERED NUMBER: 04005011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Marsc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole (1) pound.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts invoiced for sale of goods and services, excluding VAT. Turnover is recognised once the work has been carried out.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MARSC LIMITED (REGISTERED NUMBER: 04005011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue in operational existence

The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 1 January 2021
and 31 December 2021 91,000
AMORTISATION
At 1 January 2021
and 31 December 2021 91,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 4,619 20,743 25,362
Additions 1,043 4,671 5,714
At 31 December 2021 5,662 25,414 31,076
DEPRECIATION
At 1 January 2021 4,419 18,370 22,789
Charge for year 147 1,113 1,260
At 31 December 2021 4,566 19,483 24,049
NET BOOK VALUE
At 31 December 2021 1,096 5,931 7,027
At 31 December 2020 200 2,373 2,573

MARSC LIMITED (REGISTERED NUMBER: 04005011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 53,998 25,744
Amounts owed by group undertakings 235,950 185,817
Other debtors 1 1
Tax - 5,790
289,949 217,352

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 18,309 19,411
Amounts owed to group undertakings 200 -
Tax 7,605 -
Social security and other taxes 2,941 (51 )
VAT 6,105 16,528
Other creditors 2,118 1,151
Accruals and deferred income 57,435 57,862
94,713 94,901

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 1,335 489

Deferred
tax
£   
Balance at 1 January 2021 489
Accelerated Capital Allowance 846
Balance at 31 December 2021 1,335

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
286,380 Ordinary 0.001 287 287