Company Registration No. 11807405 (England and Wales)
Marstef Ltd
Unaudited accounts
for the year ended 29 February 2024
Marstef Ltd
Unaudited accounts
Contents
Marstef Ltd
Company Information
for the year ended 29 February 2024
Director
Mr Ibrahim Seifeddine
Company Number
11807405 (England and Wales)
Registered Office
2 Pound Lane
Epsom
Surrey
KT19 8RY
Accountants
Accounting and Business Solutions
9
Wentworth Road
Croydon
England
CR0 3HX
Accountants' report on the preparation of the unaudited statutory statements of Marstef Ltd (The Company) for the year ended 29 February 2024
In order to assist you as the sole director to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 29 February 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to you as the sole director of the company, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to you, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and you as the sole director for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the statutory audit requirement for the year ended 29 February 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. 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 financial statements.
Accounting and Business Solutions
Financial Accountants
9
Wentworth Road
Croydon
England
CR0 3HX
18 August 2024
Marstef Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
1,216
473
Creditors: amounts falling due within one year
(27,519)
(17,463)
Net current liabilities
(25,903)
(16,590)
Net liabilities
(23,841)
(15,616)
Called up share capital
100
100
Profit and loss account
(23,941)
(15,716)
Shareholders' funds
(23,841)
(15,616)
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 18 August 2024 and were signed on its behalf by
Mr Ibrahim Seifeddine
Director
Company Registration No. 11807405
Marstef Ltd
Notes to the Accounts
for the year ended 29 February 2024
Marstef Ltd is a private company, limited by shares, registered in England and Wales, registration number 11807405. The registered office is 2 Pound Lane, Epsom, Surrey, KT19 8RY.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,495
10,459
13,954
At 29 February 2024
6,245
10,459
16,704
At 1 March 2023
2,622
10,358
12,980
Charge for the year
688
101
789
At 29 February 2024
4,183
10,459
14,642
At 29 February 2024
2,062
-
2,062
At 28 February 2023
873
101
974
Amounts falling due within one year
Marstef Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
27,519
17,394
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).