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REGISTERED NUMBER: 10528273 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COMAR GROUP LTD

COMAR GROUP LTD (REGISTERED NUMBER: 10528273)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMAR GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P J Marsh
M Hynd
D Donald





REGISTERED OFFICE: The Ridge
Iceni Way
HAVERHILL
Suffolk
CB9 7FD





REGISTERED NUMBER: 10528273 (England and Wales)





AUDITORS: Staffords
Chartered Accountants
& Statutory Auditors
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

COMAR GROUP LTD (REGISTERED NUMBER: 10528273)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 584,879 734,166

CURRENT ASSETS
Debtors 5 639,157 707,825
Cash at bank 62,820 157,354
701,977 865,179
CREDITORS
Amounts falling due within one year 6 1,968,467 1,546,132
NET CURRENT LIABILITIES (1,266,490 ) (680,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(681,611

)

53,213

PROVISIONS FOR LIABILITIES 7 63,581 103,846
NET LIABILITIES (745,192 ) (50,633 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (745,193 ) (50,634 )
SHAREHOLDERS' FUNDS (745,192 ) (50,633 )

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





P J Marsh - Director


COMAR GROUP LTD (REGISTERED NUMBER: 10528273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Comar Group 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

COMAR GROUP LTD (REGISTERED NUMBER: 10528273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


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 39 (2022 - 39 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 920,060
Additions 48,954
Disposals (20,898 )
At 31 December 2023 948,116
DEPRECIATION
At 1 January 2023 185,894
Charge for year 191,199
Eliminated on disposal (13,856 )
At 31 December 2023 363,237
NET BOOK VALUE
At 31 December 2023 584,879
At 31 December 2022 734,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 431,139 619,420
Other debtors 208,018 88,405
639,157 707,825

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,491 157,266
Amounts owed to group undertakings 1,874,450 1,329,043
Taxation and social security 51,380 50,468
Other creditors 25,146 9,355
1,968,467 1,546,132

COMAR GROUP LTD (REGISTERED NUMBER: 10528273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 63,581 103,846

Deferred
tax
£   
Balance at 1 January 2023 103,846
Provided during year (40,265 )
Balance at 31 December 2023 63,581

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Pettifer FCA (Senior Statutory Auditor)
for and on behalf of Staffords

10. ULTIMATE CONTROLLING PARTY

Comar Group Ltd is a subsidiary of Comar Investments Limited, registered office at The Ridge, Iceni Way, Haverhill, into whose accounts it is consolidated.

There is no ultimate controlling party.