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Registered number: 04124514
Marross Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04124514
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,578 29,639
23,578 29,639
CURRENT ASSETS
Stocks 5 3,990 4,125
Debtors 6 44,803 42,008
Cash at bank and in hand 1,039 8,180
49,832 54,313
Creditors: Amounts Falling Due Within One Year 7 (68,228 ) (77,367 )
NET CURRENT ASSETS (LIABILITIES) (18,396 ) (23,054 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,182 6,585
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (4,790 ) (5,631 )
NET ASSETS 392 954
CAPITAL AND RESERVES
Called up share capital 102 102
Profit and Loss Account 290 852
SHAREHOLDERS' FUNDS 392 954
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ross Sporle
Director
3 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marross Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04124514 . The registered office is Unit 1 College Farm, Duloe, St Neots, Cambridgeshire, PE19 5HQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 5 5
6 6
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 55,485 10,475 6,654 72,614
Additions - - 274 274
As at 31 January 2024 55,485 10,475 6,928 72,888
Depreciation
As at 1 February 2023 27,057 9,582 6,336 42,975
Provided during the period 5,987 200 148 6,335
As at 31 January 2024 33,044 9,782 6,484 49,310
Net Book Value
As at 31 January 2024 22,441 693 444 23,578
As at 1 February 2023 28,428 893 318 29,639
5. Stocks
2024 2023
£ £
Stock 3,990 4,125
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,403 41,306
Other debtors 400 702
44,803 42,008
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,929 48,606
Bank loans and overdrafts 5,195 -
Other creditors 5,663 16,578
Taxation and social security 24,441 12,183
68,228 77,367
Page 4
Page 5
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,790 5,631
Page 5