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REGISTERED NUMBER: 13933128 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Marst Agri Ltd

Marst Agri Ltd (Registered number: 13933128)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marst Agri Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S R Butcher
Mr M J Butcher





SECRETARY: Mrs H J Butcher





REGISTERED OFFICE: Bay 5 West Barn Overbury Hall
Lower Layham
Ipswich
Suffolk
IP7 5RP





REGISTERED NUMBER: 13933128 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Marst Agri Ltd (Registered number: 13933128)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,199 10,447

CURRENT ASSETS
Stocks 80,770 40,776
Debtors 5 28,486 15,000
Cash at bank 16,587 94,952
125,843 150,728
CREDITORS
Amounts falling due within one year 6 121,123 134,671
NET CURRENT ASSETS 4,720 16,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,919

26,504

CREDITORS
Amounts falling due after more than one
year

7

(41,205

)

(7,923

)

PROVISIONS FOR LIABILITIES (8,778 ) (1,985 )
NET ASSETS 936 16,596

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 836 16,496
SHAREHOLDERS' FUNDS 936 16,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Marst Agri Ltd (Registered number: 13933128)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




Mr M J Butcher - Director



Mr S R Butcher - Director


Marst Agri Ltd (Registered number: 13933128)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Marst Agri Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment and vehicles - 25% reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Marst Agri Ltd (Registered number: 13933128)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 12,248
Additions 42,175
Disposals (274 )
At 31 March 2024 54,149
DEPRECIATION
At 1 April 2023 1,801
Charge for year 6,247
Eliminated on disposal (98 )
At 31 March 2024 7,950
NET BOOK VALUE
At 31 March 2024 46,199
At 31 March 2023 10,447

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 11,595
Additions 40,720
At 31 March 2024 52,315
DEPRECIATION
At 1 April 2023 1,691
Charge for year 5,869
At 31 March 2024 7,560
NET BOOK VALUE
At 31 March 2024 44,755
At 31 March 2023 9,904

Marst Agri Ltd (Registered number: 13933128)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,553 13,063
Other debtors 3,933 1,937
28,486 15,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,777 2,319
Trade creditors 72,491 77,970
Taxation and social security 23,531 51,128
Other creditors 14,324 3,254
121,123 134,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 41,205 7,923

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Butcher.

The ultimate controlling party is Mr M J Butcher.