Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr M Crump 02/08/2005 07 March 2024 The principle activity of the company is the wholesale and distribution of alcoholic and non-alcoholic beverages. 04730754 2023-04-30 04730754 bus:Director1 2023-04-30 04730754 2022-04-30 04730754 core:CurrentFinancialInstruments 2023-04-30 04730754 core:CurrentFinancialInstruments 2022-04-30 04730754 core:Non-currentFinancialInstruments 2023-04-30 04730754 core:Non-currentFinancialInstruments 2022-04-30 04730754 core:ShareCapital 2023-04-30 04730754 core:ShareCapital 2022-04-30 04730754 core:RetainedEarningsAccumulatedLosses 2023-04-30 04730754 core:RetainedEarningsAccumulatedLosses 2022-04-30 04730754 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-04-30 04730754 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 04730754 core:FurnitureFittings 2022-04-30 04730754 core:OfficeEquipment 2022-04-30 04730754 core:FurnitureFittings 2023-04-30 04730754 core:OfficeEquipment 2023-04-30 04730754 core:CostValuation 2022-04-30 04730754 core:CostValuation 2023-04-30 04730754 core:CurrentFinancialInstruments core:Secured 2023-04-30 04730754 bus:OrdinaryShareClass1 2023-04-30 04730754 2022-05-01 2023-04-30 04730754 bus:FullAccounts 2022-05-01 2023-04-30 04730754 bus:SmallEntities 2022-05-01 2023-04-30 04730754 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 04730754 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 04730754 bus:Director1 2022-05-01 2023-04-30 04730754 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2022-05-01 2023-04-30 04730754 core:FurnitureFittings core:TopRangeValue 2022-05-01 2023-04-30 04730754 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 04730754 2021-05-01 2022-04-30 04730754 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-05-01 2023-04-30 04730754 core:FurnitureFittings 2022-05-01 2023-04-30 04730754 core:OfficeEquipment 2022-05-01 2023-04-30 04730754 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 04730754 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 04730754 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04730754 (England and Wales)

MARLICO LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

MARLICO LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

MARLICO LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
MARLICO LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTOR Mr M Crump
SECRETARY Mrs L Crump
REGISTERED OFFICE Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
BUSINESS ADDRESS 12 Vaughan Parade
Torquay
Devon
TQ2 5EG
COMPANY NUMBER 04730754 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
MARLICO LIMITED

BALANCE SHEET

As at 30 April 2023
MARLICO LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 6,824 8,828
Tangible assets 4 5,898 1,099
Investments 5 250,000 250,000
262,722 259,927
Current assets
Stocks 45,760 31,861
Debtors 6 514,960 764,916
Cash at bank and in hand 39,753 58,381
600,473 855,158
Creditors: amounts falling due within one year 7 ( 334,600) ( 415,734)
Net current assets 265,873 439,424
Total assets less current liabilities 528,595 699,351
Creditors: amounts falling due after more than one year 8 ( 73,463) ( 198,811)
Net assets 455,132 500,540
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 455,032 500,440
Total shareholders' funds 455,132 500,540

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Marlico Limited (registered number: 04730754) were approved and authorised for issue by the Director on 07 March 2024. They were signed on its behalf by:

Mr M Crump
Director
MARLICO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
MARLICO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marlico Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is 12 Vaughan Parade, Torquay, Devon, TQ2 5EG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the value of goods and services provided to date can be reliably measured.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 6.67 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Intangible assets

Website costs Total
£ £
Cost
At 01 May 2022 20,042 20,042
At 30 April 2023 20,042 20,042
Accumulated amortisation
At 01 May 2022 11,214 11,214
Charge for the financial year 2,004 2,004
At 30 April 2023 13,218 13,218
Net book value
At 30 April 2023 6,824 6,824
At 30 April 2022 8,828 8,828

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 May 2022 0 7,943 7,943
Additions 2,108 3,690 5,798
At 30 April 2023 2,108 11,633 13,741
Accumulated depreciation
At 01 May 2022 0 6,844 6,844
Charge for the financial year 184 815 999
At 30 April 2023 184 7,659 7,843
Net book value
At 30 April 2023 1,924 3,974 5,898
At 30 April 2022 0 1,099 1,099

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 250,000
At 30 April 2023 250,000
Carrying value at 30 April 2023 250,000
Carrying value at 30 April 2022 250,000

6. Debtors

2023 2022
£ £
Trade debtors 15,964 140,982
Amounts owed by director 191,146 184,264
Prepayments 6,832 29,093
VAT recoverable 8,781 3,732
Other debtors 292,237 406,845
514,960 764,916

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 125,895 119,943
Trade creditors 52,827 152,342
Accruals and deferred income 25,945 2,396
Corporation tax 72,897 82,208
Other creditors 57,036 58,845
334,600 415,734

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 73,463 198,811

Security is given on the company's loans and borrowings by a charge held over all assets of the company.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Related party transactions

Transactions with the entity's director

2023 2022
£ £
At 1 May 2022 184,264 185,375
Advances to directors 333,524 153,259
Repayments by directors (326,642) (154,370)
At 30 April 2023 191,146 184,264

Interest has been charged during the financial year totalling £10,474.