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REGISTERED NUMBER: 07310993 (England and Wales)















Financial Statements for the Year Ended 30 November 2022

for

Marah Limited

Marah Limited (Registered number: 07310993)






Contents of the Financial Statements
for the year ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marah Limited

Company Information
for the year ended 30 November 2022







DIRECTORS: Dr H S Matharu
Mrs A K Matharu





REGISTERED OFFICE: 29 Upper George Street
Luton
Bedfordshire
LU1 2RP





REGISTERED NUMBER: 07310993 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

Marah Limited (Registered number: 07310993)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 295,800 369,750
Tangible assets 5 10,399 12,999
306,199 382,749

CURRENT ASSETS
Debtors 6 499,294 981,182
Cash at bank and in hand 1,002,497 222,937
1,501,791 1,204,119
CREDITORS
Amounts falling due within one year 7 313,092 220,566
NET CURRENT ASSETS 1,188,699 983,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,494,898

1,366,302

CREDITORS
Amounts falling due after more than one
year

8

483,222

561,054
NET ASSETS 1,011,676 805,248

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,011,576 805,148
SHAREHOLDERS' FUNDS 1,011,676 805,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

Marah Limited (Registered number: 07310993)

Balance Sheet - continued
30 November 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




Mrs A K Matharu - Director



Dr H S Matharu - Director


Marah Limited (Registered number: 07310993)

Notes to the Financial Statements
for the year ended 30 November 2022

1. STATUTORY INFORMATION

Marah 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Marah Limited (Registered number: 07310993)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2021 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 986,000
AMORTISATION
At 1 December 2021 616,250
Charge for year 73,950
At 30 November 2022 690,200
NET BOOK VALUE
At 30 November 2022 295,800
At 30 November 2021 369,750

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021
and 30 November 2022 42,934
DEPRECIATION
At 1 December 2021 29,935
Charge for year 2,600
At 30 November 2022 32,535
NET BOOK VALUE
At 30 November 2022 10,399
At 30 November 2021 12,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 38,961 72,925
Other debtors 460,333 908,257
499,294 981,182

Marah Limited (Registered number: 07310993)

Notes to the Financial Statements - continued
for the year ended 30 November 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 42,024 -
Trade creditors 42,638 30,711
Taxation and social security 115,954 135,637
Other creditors 112,476 54,218
313,092 220,566

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 483,222 561,054

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 273,102 350,934

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 (2021 - £150,000) were paid to the directors .

During the year company paid rent of £14,000 (2021 - £14,500) under licence to the directors.

At the year end the company owed the directors £57,200 (2021 - the directors owed £456,409 to the company). Interest of 2.0% was charged on the overdrawn amount.

At the year end other debtors include amounts owed to the company of £190,100 (2021 - £190,100) and £204,218 (2021 - £204,218) by two companies under the control of one of the directors. The loans are interest free and repayable on demand.