Marsotti Ltd
Data not obtained from trial balance AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 06166244
Date
Approval date of the accounts by the board 04/10/2023
Date
Date of signing on the audit/accountants report 04/10/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Mark France
Or, name of secretary
Name of director signing balance sheet Mark France
Address of registered office:
Address line 1 Hartle Green
Address line 2 Upper Town Lane
City or town Birchover
County or region Derbyshire
Postcode DE4 2BJ
Name of senior statutory auditor
Name of auditors/accountants Hazel Accountancy Services
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 1 Manor Cottages
Address line 2 Little Longstone
City or town Bakewell
County or region
Postcode DE45 1NN
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company - -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
06166244
Marsotti Ltd
Filleted Accounts
31 August 2023
Marsotti Ltd
Registered number: 06166244
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2,080 2,300
Current assets
Cash at bank and in hand 14,718 16,497
Creditors: amounts falling due within one year 2 (12,053) (13,563)
Net current assets 15,515 15,785
Net assets 17,595 18,085
Capital and reserves
Called up share capital 300 300
Profit and loss account 17,295 17,785
Shareholders' funds 17,595 18,085
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark France
Director
Approved by the board on 4 October 2023
Marsotti Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & fittings 15% reducing balance
Equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Creditors: amounts falling due within one year 2023 2022
£ £
Directors current accounts 237 237
Trade creditors - -
Taxation and social security costs 11,266 11,526
Other creditors 550 1,800
12,053 13,563
3 Other information
Marsotti Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Hartle Green
Upper Town Lane
Birchovr
DE4 2BJ
Marsotti Ltd 06166244 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts April 2022 Mark France No description of principal activity 06166244 2021-09-01 2022-08-31 06166244 core:WithinOneYear 2022-08-31 06166244 core:ShareCapital 2022-08-31 06166244 core:RetainedEarningsAccumulatedLosses 2022-08-31 06166244 2022-09-01 2023-08-31 06166244 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 06166244 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 06166244 bus:Director40 2022-09-01 2023-08-31 06166244 1 2022-09-01 2023-08-31 06166244 2 2022-09-01 2023-08-31 06166244 countries:England 2022-09-01 2023-08-31 06166244 bus:FRS102 2022-09-01 2023-08-31 06166244 bus:FullAccounts 2022-09-01 2023-08-31 06166244 2023-08-31 06166244 core:WithinOneYear 2023-08-31 06166244 core:ShareCapital 2023-08-31 06166244 core:RetainedEarningsAccumulatedLosses 2023-08-31 06166244 2022-08-31 iso4217:GBP xbrli:pure