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REGISTERED NUMBER: SC203026 (Scotland)















Unaudited Financial Statements for the Year Ended 27 September 2023

for

Marqglen Group Limited

Marqglen Group Limited (Registered number: SC203026)






Contents of the Financial Statements
for the Year Ended 27 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Marqglen Group Limited

Company Information
for the Year Ended 27 September 2023







DIRECTORS: L D Grainger CA
Mrs J F Grainger
Mrs A J Ballingall MBA



SECRETARY: Mrs A J Ballingall MBA



REGISTERED OFFICE: Bank Chambers
31 The Square
Cumnock
East Ayrshire
KA18 1AT



REGISTERED NUMBER: SC203026 (Scotland)



ACCOUNTANTS: WR Accountants
Bank Chambers
31 The Square
Cumnock
Ayrshire
KA18 1AT



SOLICITORS: Clark Boyle
33A Gordon Street
Glasgow
G1 3PA

Marqglen Group Limited (Registered number: SC203026)

Balance Sheet
27 September 2023

27.9.23 27.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,537 49,135
Investments 5 10,102 10,102
55,639 59,237

CURRENT ASSETS
Debtors 6 6,754 17,067
Cash at bank 10,335 1,762
17,089 18,829
CREDITORS
Amounts falling due within one year 7 10,577 12,923
NET CURRENT ASSETS 6,512 5,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,151

65,143

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 52,051 55,043
SHAREHOLDERS' FUNDS 62,151 65,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2023 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.

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 25 September 2024 and were signed on its behalf by:




L D Grainger CA - Director


Marqglen Group Limited (Registered number: SC203026)

Notes to the Financial Statements
for the Year Ended 27 September 2023

1. STATUTORY INFORMATION

Marqglen Group Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Marqglen Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery 10% straight line
Fixtures & fittings10% straight line
Computer equipment33.33% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Marqglen Group Limited (Registered number: SC203026)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2023

2. ACCOUNTING POLICIES - continued
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.

Frs25 (ias 32) financial instruments: disclosure and presentation
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the equity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial , liability then this is classified as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 September 2022 70,469
Additions 3,142
At 27 September 2023 73,611
DEPRECIATION
At 28 September 2022 21,334
Charge for year 6,740
At 27 September 2023 28,074
NET BOOK VALUE
At 27 September 2023 45,537
At 27 September 2022 49,135

Marqglen Group Limited (Registered number: SC203026)

Notes to the Financial Statements - continued
for the Year Ended 27 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 28 September 2022
and 27 September 2023 10,102
NET BOOK VALUE
At 27 September 2023 10,102
At 27 September 2022 10,102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.9.23 27.9.22
£    £   
Trade debtors 5,124 12,912
Other debtors 1,630 4,155
6,754 17,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.9.23 27.9.22
£    £   
Trade creditors 945 418
Taxation and social security 37 37
Other creditors 9,595 12,468
10,577 12,923

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans (to)/from directors27.09.23
£
L D Grainger
At 27 September 2022-
Advanced(108)
Repaid 700
At 27 September 2023592
Interest is charged on directors' loans to the company at 5% per annum. Loans are repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is L D Grainger CA.