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REGISTERED NUMBER: SC473665 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Marsan Ltd

Marsan Ltd (Registered number: SC473665)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Marsan Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: H Ali
O I Iqbal





REGISTERED OFFICE: c/o Complete Dental Care
151 Western Road
Cambuslang
Glasgow
G72 8PE





REGISTERED NUMBER: SC473665 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Marsan Ltd (Registered number: SC473665)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 147,500 177,000
Tangible assets 5 46,845 52,264
194,345 229,264

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 6 48,917 66,294
Cash at bank and in hand 447,466 286,852
502,383 359,146
CREDITORS
Amounts falling due within one year 7 374,628 111,669
NET CURRENT ASSETS 127,755 247,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,100

476,741

PROVISIONS FOR LIABILITIES 11,711 -
NET ASSETS 310,389 476,741

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 310,289 476,641
SHAREHOLDERS' FUNDS 310,389 476,741

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Marsan Ltd (Registered number: SC473665)

Statement of Financial Position - continued
31 March 2023


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 5 October 2023 and were signed on its behalf by:




O I Iqbal - Director



H Ali - Director


Marsan Ltd (Registered number: SC473665)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Marsan Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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 - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Marsan Ltd (Registered number: SC473665)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 295,000
AMORTISATION
At 1 April 2022 118,000
Amortisation for year 29,500
At 31 March 2023 147,500
NET BOOK VALUE
At 31 March 2023 147,500
At 31 March 2022 177,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 137,039 3,128 140,167
Additions 5,776 - 5,776
At 31 March 2023 142,815 3,128 145,943
DEPRECIATION
At 1 April 2022 87,615 288 87,903
Charge for year 10,627 568 11,195
At 31 March 2023 98,242 856 99,098
NET BOOK VALUE
At 31 March 2023 44,573 2,272 46,845
At 31 March 2022 49,424 2,840 52,264

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 48,917 66,294

Marsan Ltd (Registered number: SC473665)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 20,188 2,228
Tax 1,426 49,908
Social security and other taxes 2,349 2,801
Net wages 14,370 -
Pensions payable 814 -
Other creditors 19,948 19,950
Directors' current accounts 61,961 32,615
Accrued expenses 253,572 4,167
374,628 111,669

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors loaned the company monies. At the year end the company was due the directors £61,960 (2022 - £32,615). There are no specific repayment terms and no interest has been charged.