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REGISTERED NUMBER: 09343588 (England and Wales)















DEMARQ LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021






DEMARQ LIMITED (REGISTERED NUMBER: 09343588)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Certified Accountants' Report 7

DEMARQ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: M R Collington
D M Francis





REGISTERED OFFICE: The Old Electrical Workshop
Welby
Grantham
Lincolnshire
NG32 3LT





REGISTERED NUMBER: 09343588 (England and Wales)





ACCOUNTANTS: Philip Atherton Limited
The Old Electrical Workshop
Welby
Grantham
Lincolnshire
NG32 3LT

DEMARQ LIMITED (REGISTERED NUMBER: 09343588)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,941 9,639

CURRENT ASSETS
Stocks - 114,500
Debtors 5 708,852 504,268
Cash at bank 52,168 26,845
761,020 645,613
CREDITORS
Amounts falling due within one year 6 494,828 335,429
NET CURRENT ASSETS 266,192 310,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,133

319,823

CREDITORS
Amounts falling due after more than one
year

7

(195,008

)

(288,995

)

PROVISIONS FOR LIABILITIES (939 ) (1,831 )
NET ASSETS 75,186 28,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,086 28,897
SHAREHOLDERS' FUNDS 75,186 28,997

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.

DEMARQ LIMITED (REGISTERED NUMBER: 09343588)

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 19 August 2022 and were signed on its behalf by:




M R Collington - Director



D M Francis - Director


DEMARQ LIMITED (REGISTERED NUMBER: 09343588)

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


1. STATUTORY INFORMATION

Demarq 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

DEMARQ LIMITED (REGISTERED NUMBER: 09343588)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 17 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2021 24,999
Disposals (1,352 )
At 31 December 2021 23,647
DEPRECIATION
At 1 January 2021 15,360
Charge for year 4,455
Eliminated on disposal (1,109 )
At 31 December 2021 18,706
NET BOOK VALUE
At 31 December 2021 4,941
At 31 December 2020 9,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 326,359 116,952
Other debtors 382,493 387,316
708,852 504,268

DEMARQ LIMITED (REGISTERED NUMBER: 09343588)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 135,961 86,004
Trade creditors 127,788 16,396
Taxation and social security 218,219 217,613
Other creditors 12,860 15,416
494,828 335,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 195,008 288,995

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
M R Collington
Balance outstanding at start of year 89,347 66,424
Amounts advanced 56,715 52,923
Amounts repaid (72,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,062 89,347

D M Francis
Balance outstanding at start of year 83,810 28,399
Amounts advanced 61,662 85,411
Amounts repaid (72,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,472 83,810

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DEMARQ LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Demarq Limited for the year ended 31 December 2021 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Demarq Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Demarq Limited and state those matters that we have agreed to state to the Board of Directors of Demarq Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Demarq 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 Demarq Limited. You consider that Demarq 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 Demarq 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.






Philip Atherton Limited
The Old Electrical Workshop
Welby
Grantham
Lincolnshire
NG32 3LT


19 August 2022