Registered number
06800975
Marco Services Limited
Filleted Accounts
31 March 2023
Marco Services Limited
Registered number: 06800975
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,160 6,906
Investments 4 507,904 507,904
513,064 514,810
Current assets
Debtors 5 1,289,888 1,297,602
Cash at bank and in hand 718,056 774,816
2,007,944 2,072,418
Creditors: amounts falling due within one year 6 (73,517) (233,737)
Net current assets 1,934,427 1,838,681
Total assets less current liabilities 2,447,491 2,353,491
Creditors: amounts falling due after more than one year 7 - -
Net assets 2,447,491 2,353,491
Capital and reserves
Called up share capital 50 50
Capital redumption reserve 50 50
Profit and loss account 2,447,391 2,353,391
Shareholders' funds 2,447,491 2,353,491
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.
M Azhar
Director
Approved by the board on 24 October 2023
Marco Services Limited
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery 25% reducing basis
Motor vehicles 25% reducing basis
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.
Pensions
Contributions to defined contribution plans and work place pension are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 - 17,189 59,639 76,828
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2023 - 17,189 59,639 76,828
Depreciation
At 1 April 2022 - 15,922 54,000 69,922
Charge for the year - 336 1,410 1,746
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2023 - 16,258 55,410 71,668
Net book value
At 31 March 2023 - 931 4,229 5,160
At 31 March 2022 - 1,267 5,639 6,906
4 Investments
Investments in
associate Other
undertakings investments Total
£ £ £
Cost
At 1 April 2022 507,904 - 507,904
Additions - - -
Revaluation - - -
Disposals - - -
At 31 March 2023 507,904 - 507,904
Historical cost
At 1 April 2022 507,904 -
At 31 March 2023 507,904 -
5 Debtors 2023 2022
£ £
Trade debtors 404,518 413,416
Amounts owed by related undertakings 878,532 878,532
Other debtors 6,838 5,654
1,289,888 1,297,602
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 30,666 77,309
Taxation and social security costs 30,918 135,006
Other creditors 11,933 21,422
73,517 233,737
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - -
Other creditors - -
- -
8 Controlling party
Mr M Azhar is the controlling party.
9 Other information
Marco Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Robert Street
Manchester
M3 1EY
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