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REGISTERED NUMBER: SC430888 (Scotland)


















Unaudited Financial Statements for the Year Ended 31 August 2021

for

Marnor Ltd

Marnor Ltd (Registered number: SC430888)






Contents of the Financial Statements
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marnor Ltd

Company Information
for the Year Ended 31 August 2021







DIRECTOR: M McCusker





REGISTERED OFFICE: 12 Silverbank Gardens
Banchory
Kincardineshire
AB31 5YZ





REGISTERED NUMBER: SC430888 (Scotland)





ACCOUNTANTS: JDD Chartered Accountants
19 Hillcroft Road
Banchory
Kincardineshire
AB31 5TF

Marnor Ltd (Registered number: SC430888)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,366 52,184

CURRENT ASSETS
Debtors 5 34,559 35,484
Cash at bank 41,117 51,560
75,676 87,044
CREDITORS
Amounts falling due within one year 6 73,409 115,322
NET CURRENT ASSETS/(LIABILITIES) 2,267 (28,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,633

23,906

CREDITORS
Amounts falling due after more than one
year

7

(50,000

)

(32,575

)

PROVISIONS FOR LIABILITIES (2,372 ) (2,372 )
NET ASSETS/(LIABILITIES) 35,261 (11,041 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 35,260 (11,042 )
SHAREHOLDERS' FUNDS 35,261 (11,041 )

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

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

The director acknowledges her 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.

Marnor Ltd (Registered number: SC430888)

Balance Sheet - continued
31 August 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 director and authorised for issue on 19 August 2022 and were signed by:





M McCusker - Director


Marnor Ltd (Registered number: SC430888)

Notes to the Financial Statements
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Marnor Ltd is a private company, limited by shares , registered in Scotland. 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 represents invoiced sale of goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and are depreciated over their estimated useful lives.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2020 105,799
Additions 66,460
Disposals (18,833 )
At 31 August 2021 153,426
DEPRECIATION
At 1 September 2020 53,615
Charge for year 29,076
Eliminated on disposal (14,631 )
At 31 August 2021 68,060
NET BOOK VALUE
At 31 August 2021 85,366
At 31 August 2020 52,184

Marnor Ltd (Registered number: SC430888)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 30,865 31,790
Other debtors 3,694 3,694
34,559 35,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts (see note 8) 2,146 3,573
Hire purchase contracts 30,465 11,406
Trade creditors 4,139 3,685
Taxation and social security 33,852 52,984
Other creditors 2,807 43,674
73,409 115,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
£    £   
Bank loans (see note 8) 50,000 3,082
Hire purchase contracts - 29,493
50,000 32,575

8. LOANS

An analysis of the maturity of loans is given below:

31.8.21 31.8.20
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,146 3,573

Amounts falling due between two and five years:
Bank loans - 2-5 years 50,000 3,082

Included in loans is an unsecured bounce back loan from Barclays Bank. The loan is interest free for twelve months to 7 June 2021, and is then subject to annual interest at 2.5%. The loan is guaranteed by the government.

Marnor Ltd (Registered number: SC430888)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021

9. RESERVES
Retained
earnings
£   

At 1 September 2020 (11,042 )
Profit for the year 87,986
Dividends (41,684 )
At 31 August 2021 35,260

10. RELATED PARTY DISCLOSURES

The company operated a director's loan account during the accounting period. Balance was Nil at the year end date of 31 August 2021. (2020: £41,143 in credit).