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REGISTERED NUMBER: 12810267 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 May 2023

for

MAR Cooling Solutions Limited

MAR Cooling Solutions Limited (Registered number: 12810267)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


MAR Cooling Solutions Limited

Company Information
For The Year Ended 31 May 2023







Directors: M H James
A W Laraman
R J Horrex





Secretary: R J Horrex





Registered office: Avnet House
Rutherford Close
Stevenage
SG1 2EF





Registered number: 12810267 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
Suite 11, Manchester House
113 Northgate Street
Bury St Edmunds
Suffolk
IP33 1HP

MAR Cooling Solutions Limited (Registered number: 12810267)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 108,395 13,409

Current assets
Stocks 147,498 124,411
Debtors 5 191,808 361,362
Cash at bank and in hand 208,006 107,410
547,312 593,183
Creditors
Amounts falling due within one year 6 309,753 370,563
Net current assets 237,559 222,620
Total assets less current liabilities 345,954 236,029

Provisions for liabilities 7 27,009 3,262
Net assets 318,945 232,767

Capital and reserves
Called up share capital 8 10 10
Retained earnings 318,935 232,757
Shareholders' funds 318,945 232,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





R J Horrex - Director


MAR Cooling Solutions Limited (Registered number: 12810267)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. Statutory information

MAR Cooling Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

MAR Cooling Solutions Limited (Registered number: 12810267)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 June 2022 16,884
Additions 101,439
At 31 May 2023 118,323
Depreciation
At 1 June 2022 3,475
Charge for year 6,453
At 31 May 2023 9,928
Net book value
At 31 May 2023 108,395
At 31 May 2022 13,409

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 160,767 152,811
Other debtors 31,041 208,551
191,808 361,362

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 241,093 176,761
Taxation and social security 29,761 74,400
Other creditors 38,899 119,402
309,753 370,563

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 27,009 3,262

Deferred
tax
£   
Balance at 1 June 2022 3,262
Charge to Statement of income and retained earnings during year 23,747
Balance at 31 May 2023 27,009

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 0.01 10 10