Company Registration No. 07612484 (England and Wales)
Marisco South Limited
Unaudited accounts
for the year ended 30 April 2024
Marisco South Limited
Unaudited accounts
Contents
Marisco South Limited
Company Information
for the year ended 30 April 2024
Company Number
07612484 (England and Wales)
Registered Office
Unit J5, The Fulcrum
6 Vantage Way
Poole
Dorset
BH12 4NU
United Kingdom
Marisco South Limited
Statement of financial position
as at 30 April 2024
Tangible assets
149,290
118,770
Inventories
259,484
320,157
Cash at bank and in hand
15,544
3,224
Creditors: amounts falling due within one year
(965,267)
(815,713)
Net current assets/(liabilities)
20,168
(7,349)
Total assets less current liabilities
169,458
111,421
Creditors: amounts falling due after more than one year
(59,609)
(53,918)
Provisions for liabilities
Deferred tax
(28,365)
(23,322)
Called up share capital
4
4
Profit and loss account
81,480
34,177
Shareholders' funds
81,484
34,181
For the year ending 30 April 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 1 October 2024 and were signed on its behalf by
Samuel R Clover
Director
Company Registration No. 07612484
Marisco South Limited
Notes to the Accounts
for the year ended 30 April 2024
Marisco South Limited is a private company, limited by shares, registered in England and Wales, registration number 07612484. The registered office is Unit J5, The Fulcrum, 6 Vantage Way, Poole, Dorset, BH12 4NU, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention. The directors are of the opinion that no revaluation of fixed assets are required in accordance with section 17 of FRS 102.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
63,615
222,343
45,157
24,832
355,947
Additions
40,048
40,029
327
2,922
83,326
Disposals
-
(22,774)
-
-
(22,774)
At 30 April 2024
103,663
239,598
45,484
27,754
416,499
At 1 May 2023
27,779
162,357
29,701
17,340
237,177
Charge for the year
18,971
24,244
3,946
2,604
49,765
On disposals
-
(19,733)
-
-
(19,733)
At 30 April 2024
46,750
166,868
33,647
19,944
267,209
At 30 April 2024
56,913
72,730
11,837
7,810
149,290
At 30 April 2023
35,836
59,986
15,456
7,492
118,770
Marisco South Limited
Notes to the Accounts
for the year ended 30 April 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
36,814
49,085
Amounts falling due within one year
Trade debtors
706,007
482,563
Accrued income and prepayments
4,400
2,420
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,560
59,344
Obligations under finance leases and hire purchase contracts
29,340
28,485
Trade creditors
293,817
98,670
Taxes and social security
153,662
387,492
Other creditors
156,675
32,304
Loans from directors
49
90
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
49,336
33,837
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
9
Transactions with related parties
The company was under the control of Mr. Samuel Clover as the sole director and shareholder of the company.
During the year the company subcontracted electrical services of £504,890 (2023 - £416,924) from Marisco Electricals Ltd, a company in which Mr. Clover was a director and shareholder.
During the year, the company repaid £41 of a loan made by Mr. Clover to the Company leaving a balance of the £49 (2023 - £90) outstanding at the end of the year.
10
Average number of employees
During the year the average number of employees was 62 (2023: 60).