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
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
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
MARZOUK ENTERPRISES LTD
Statement of financial position
as at 31 March 2024
Tangible assets
66,917
91,215
Investment property
512,000
515,000
Cash at bank and in hand
151,991
272,620
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
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
MARZOUK ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2024
160,490
13,149
173,639
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
At 31 March 2024
65,593
1,324
66,917
At 31 March 2023
87,457
3,758
91,215
Fair value at 1 April 2023
515,000
Net loss from fair value adjustments
(3,000)
MARZOUK ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
883
Loans from directors
4,086
7,437
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).