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REGISTERED NUMBER: 11459535 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Foster Marlon Works Limited

Foster Marlon Works Limited (Registered number: 11459535)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Foster Marlon Works Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R Zaidi
U Zaidi





REGISTERED OFFICE: Terlon Apartments
Produce Exchange Building
8 Victoria Street
Liverpool
Merseyside
L2 6QJ





REGISTERED NUMBER: 11459535 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Foster Marlon Works Limited (Registered number: 11459535)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 5 79,000 -
Cash at bank 397 243
79,397 243
CREDITORS
Amounts falling due within one year 6 175,630 166,817
NET CURRENT LIABILITIES (96,233 ) (166,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(96,233

)

(166,574

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (96,235 ) (166,576 )
(96,233 ) (166,574 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





U Zaidi - Director


Foster Marlon Works Limited (Registered number: 11459535)

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

1. STATUTORY INFORMATION

Foster Marlon Works 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.

Despite the companies net current liabilities position at the year end the directors still feel the going concern basis of the preparation of the financial statements is still appropriate as the company has the continued support of the directors and their associated companies.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value of the consideration of rents received excluding value added tax. Turnover is recognised in the period to which it relates.

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 - 25% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Foster Marlon Works Limited (Registered number: 11459535)

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

2. ACCOUNTING POLICIES - continued
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.

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 NIL (2022 - 3 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 479
DEPRECIATION
At 1 August 2022
and 31 July 2023 479
NET BOOK VALUE
At 31 July 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 79,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 10,380 6,569
Taxation and social security 2,034 4,153
Other creditors 163,216 156,095
175,630 166,817

Foster Marlon Works Limited (Registered number: 11459535)

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

7. RELATED PARTY DISCLOSURES

Included in debtors at 31st July 2023 is £79,000 owed from related parties under common control. The loans are repayable on demand and interest free.

Included in creditors at 31st July 2023 is £150,651 owed to a related party under common control. The loan is repayable on demand and interest free.