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Company Registration No. 11807405 (England and Wales)
Marstef Ltd Unaudited accounts for the year ended 29 February 2024
Marstef Ltd Unaudited accounts Contents
Page
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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
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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
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Marstef Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,062 
974 
Current assets
Debtors
400 
400 
Cash at bank and in hand
1,216 
473 
1,616 
873 
Creditors: amounts falling due within one year
(27,519)
(17,463)
Net current liabilities
(25,903)
(16,590)
Net liabilities
(23,841)
(15,616)
Capital and reserves
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
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Marstef Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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%
Fixtures & fittings
25%
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 
Additions
2,750 
- 
2,750 
At 29 February 2024
6,245 
10,459 
16,704 
Depreciation
At 1 March 2023
2,622 
10,358 
12,980 
Charge for the year
688 
101 
789 
On disposals
873 
- 
873 
At 29 February 2024
4,183 
10,459 
14,642 
Net book value
At 29 February 2024
2,062 
- 
2,062 
At 28 February 2023
873 
101 
974 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
400 
400 
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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 
Accruals
- 
69 
27,519 
17,463 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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