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Company Registration No. 08014546 (England and Wales)
MARZOUK ENTERPRISES LTD Unaudited accounts for the year ended 31 March 2024
MARZOUK ENTERPRISES LTD Unaudited accounts Contents
Page
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MARZOUK ENTERPRISES LTD Company Information for the year ended 31 March 2024
Directors
Mr D M Marzouk Dr O N Marzouk
Company Number
08014546 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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MARZOUK ENTERPRISES LTD Accountants' report
Accountants' report to the board of directors of MARZOUK ENTERPRISES LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MARZOUK ENTERPRISES LTD for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MARZOUK ENTERPRISES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MARZOUK ENTERPRISES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MARZOUK ENTERPRISES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MARZOUK ENTERPRISES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MARZOUK ENTERPRISES LTD. You consider that MARZOUK ENTERPRISES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MARZOUK ENTERPRISES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 14 June 2024
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MARZOUK ENTERPRISES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,917 
91,215 
Investment property
512,000 
515,000 
578,917 
606,215 
Current assets
Debtors
2,544 
6,957 
Cash at bank and in hand
151,991 
272,620 
154,535 
279,577 
Creditors: amounts falling due within one year
(4,734)
(13,385)
Net current assets
149,801 
266,192 
Total assets less current liabilities
728,718 
872,407 
Creditors: amounts falling due after more than one year
(87,392)
(187,847)
Provisions for liabilities
Deferred tax
(41,309)
(41,309)
Net assets
600,017 
643,251 
Capital and reserves
Called up share capital
90 
90 
Revaluation reserve
99,242 
99,242 
Profit and loss account
500,685 
543,919 
Shareholders' funds
600,017 
643,251 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2024 and were signed on its behalf by
Mr D M Marzouk Director Company Registration No. 08014546
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MARZOUK ENTERPRISES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MARZOUK ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 08014546. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
3 years straight line
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
160,490 
11,750 
172,240 
Additions
- 
1,399 
1,399 
At 31 March 2024
160,490 
13,149 
173,639 
Depreciation
At 1 April 2023
73,033 
7,992 
81,025 
Charge for the year
21,864 
3,833 
25,697 
At 31 March 2024
94,897 
11,825 
106,722 
Net book value
At 31 March 2024
65,593 
1,324 
66,917 
At 31 March 2023
87,457 
3,758 
91,215 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
515,000 
Net loss from fair value adjustments
(3,000)
At 31 March 2024
512,000 
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MARZOUK ENTERPRISES LTD Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,413 
Other debtors
2,544 
2,544 
2,544 
6,957 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
883 
Other creditors
- 
1,972 
Loans from directors
4,086 
7,437 
Accruals
648 
3,093 
4,734 
13,385 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
87,392 
187,847 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr D M Marzouk
Director Loan account
(7,437)
(720)
(4,071)
(4,086)
(7,437)
(720)
(4,071)
(4,086)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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