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Company Registration No. 10401306 (England and Wales)
Markiz UK Limited Unaudited accounts for the year ended 30 June 2023
Markiz UK Limited Unaudited accounts Contents
Page
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Markiz UK Limited Company Information for the year ended 30 June 2023
Director
Mr R M Sozer
Company Number
10401306 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JT England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Markiz UK Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,855 
2,473 
Current assets
Inventories
292,314 
61,814 
Debtors
148,923 
305,924 
Cash at bank and in hand
42,030 
110,688 
483,267 
478,426 
Creditors: amounts falling due within one year
(289,388)
(340,184)
Net current assets
193,879 
138,242 
Total assets less current liabilities
195,734 
140,715 
Creditors: amounts falling due after more than one year
(19,926)
(39,693)
Provisions for liabilities
Other provisions
- 
(470)
Net assets
175,808 
100,552 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
175,708 
100,452 
Shareholders' funds
175,808 
100,552 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 October 2023 and were signed on its behalf by
Mr R M Sozer Director Company Registration No. 10401306
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Markiz UK Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Markiz UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10401306. The registered office is 214 Baker Street, Enfield, EN1 3JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Markiz UK Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
6,712 
At 30 June 2023
6,712 
Depreciation
At 1 July 2022
4,239 
Charge for the year
618 
At 30 June 2023
4,857 
Net book value
At 30 June 2023
1,855 
At 30 June 2022
2,473 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
148,923 
117,603 
Other debtors
- 
188,321 
148,923 
305,924 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
35,805 
29,654 
Trade creditors
- 
11,199 
Taxes and social security
22,789 
18,813 
Loans from directors
220,404 
280,518 
Accruals
390 
- 
289,388 
340,184 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,926 
39,693 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other creditors is an amount of £220,404 (2022;£280,518) due to its directors. There are no terms as to interest or repayment in respect of this balance.
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Markiz UK Limited Notes to the Accounts for the year ended 30 June 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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