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REGISTERED NUMBER: 06407176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MARK LOUCAS LIMITED

MARK LOUCAS LIMITED (REGISTERED NUMBER: 06407176)






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


MARK LOUCAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Mr G L Florides





REGISTERED OFFICE: 20 High Street
Chislehurst
Kent
BR7 5AN





REGISTERED NUMBER: 06407176 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

MARK LOUCAS LIMITED (REGISTERED NUMBER: 06407176)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,518 65,526

CURRENT ASSETS
Debtors 5 3,050,274 1,091,088
Investments 6 - 55,000
Cash at bank 630,468 642,221
3,680,742 1,788,309
CREDITORS
Amounts falling due within one year 7 2,374,404 679,334
NET CURRENT ASSETS 1,306,338 1,108,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,414,856

1,174,501

CREDITORS
Amounts falling due after more than one
year

8

-

50,000
NET ASSETS 1,414,856 1,124,501

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,414,756 1,124,401
SHAREHOLDERS' FUNDS 1,414,856 1,124,501

MARK LOUCAS LIMITED (REGISTERED NUMBER: 06407176)

BALANCE SHEET - continued
31 DECEMBER 2021


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 director acknowledges his 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.

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:





Mr G L Florides - Director


MARK LOUCAS LIMITED (REGISTERED NUMBER: 06407176)

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

1. STATUTORY INFORMATION

Mark Loucas 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to Premises - 25% on reducing balance
Plant and Machinery - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Motor Vehicle - 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2020 - 5 ) .

MARK LOUCAS LIMITED (REGISTERED NUMBER: 06407176)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Fixtures Motor
Premises Machinery & Fittings Vehicle Totals
£    £    £    £    £   
COST
At 1 January 2021 - 48,538 27,965 50,433 126,936
Additions 106,082 900 21,550 - 128,532
Disposals - - - (50,433 ) (50,433 )
At 31 December 2021 106,082 49,438 49,515 - 205,035
DEPRECIATION
At 1 January 2021 - 44,425 16,500 485 61,410
Charge for year 26,520 1,206 7,866 - 35,592
Eliminated on disposal - - - (485 ) (485 )
At 31 December 2021 26,520 45,631 24,366 - 96,517
NET BOOK VALUE
At 31 December 2021 79,562 3,807 25,149 - 108,518
At 31 December 2020 - 4,113 11,465 49,948 65,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade Debtors 2,525,593 595,227
Vat Debtor - 2,960
Accrued Income 19,800 2,887
Amounts owed by Associated
Companies 498,639 489,589
Other Debtors & Prepayments 6,242 425
3,050,274 1,091,088

6. CURRENT ASSET INVESTMENTS
2021 2020
£    £   
Other Fixed Asset Investment - 55,000

Other Fixed Asset Investment is shown at cost.

MARK LOUCAS LIMITED (REGISTERED NUMBER: 06407176)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade Creditors 990,146 369,976
Invoice Discounting Facilities 1,200,099 156,144
Deferred Income (475 ) 193
Corporation Tax 130,313 99,372
Social security and other Taxes 27,989 2,307
Director's Loan Account 1,443 44,495
Other Creditors & Accruals 24,889 6,847
2,374,404 679,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 2-5 years - 50,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2021 1,124,401
Profit for the year 628,355
Dividends (338,000 )
At 31 December 2021 1,414,756