02819376falseFOOD AND SOFT DRINKS WHOLESALER2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director22022-03-012023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-02-28http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2022-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:LandBuildings2023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02819376
MARFAST & CO. LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
Prepared By:
WALLER UK LIMITED
ACCOUNTANTS
28A CALLE CAMELIA
URB. CORTIJO DE TORREQUEBRADA
29630 BENALMADENA COSTA
MALAGA SPAIN
MARFAST & CO. LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
MR M SOZOU
MRS M SOZOU
SECRETARY
MRS M SOZOU
REGISTERED OFFICE
30 BROUGHTON STREET
CHEETHAM HILL
MANCHESTER
LANCS
M8 8NN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02819376
ACCOUNTANTS
WALLER UK LIMITED
ACCOUNTANTS
28A CALLE CAMELIA
URB. CORTIJO DE TORREQUEBRADA
29630 BENALMADENA COSTA
MALAGA SPAIN
MARFAST & CO. LIMITED
ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
MARFAST & CO. LIMITED
BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3144,757313,862
Investment Assets410,00010,000
154,757323,862
CURRENT ASSETS
Stock438,811369,261
Debtors6113,903139,619
Cash at bank and in hand1,072,415765,704
1,625,1291,274,584
CREDITORS: Amounts falling due within one year7765,276697,159
NET CURRENT ASSETS859,853577,425
TOTAL ASSETS LESS CURRENT LIABILITIES1,014,610901,287
CAPITAL AND RESERVES
Called up share capital832,00032,000
Profit and loss account982,610869,287
SHAREHOLDERS' FUNDS1,014,610901,287
For the year ending 28/02/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/08/2023 and signed on their behalf by
.............................
MR M SOZOU
Director
MARFAST & CO. LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
Fixtures and Fittings 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees2324
MARFAST & CO. LIMITED
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsTotal
£££££
Cost
At 01/03/2022159,371368,983135,220116,182779,756
Additions-28,888--28,888
Disposals(159,371)---(159,371)
At 28/02/2023-397,871135,220116,182649,273
Depreciation
At 01/03/2022-312,68752,970100,237465,894
For the year-14,07420,5623,98638,622
At 28/02/2023-326,76173,532104,223504,516
Net Book Amounts
At 28/02/2023-71,11061,68811,959144,757
At 28/02/2022159,37156,29682,25015,945313,862
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/03/202210,00010,000
At 28/02/202310,00010,000
Amortisation
Net Book Amounts
At 28/02/202310,00010,000
At 28/02/202210,00010,000
5. STOCK 20232022
££
Stock comprises:
Stock438,811369,261
438,811369,261
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors95,20788,733
Other debtors18,69650,886
113,903139,619
MARFAST & CO. LIMITED
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax40,12525,811
Trade creditors410,629437,186
Other creditors53,84131,942
Accruals260,681202,220
765,276697,159
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
32000 Ordinary shares of £1 each3200032000
32,00032,000