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REGISTERED NUMBER: SC585246 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MARA FISH BAR & DELI LTD

MARA FISH BAR & DELI LTD (REGISTERED NUMBER: SC585246)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARA FISH BAR & DELI LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: G J Decaestecker
Mrs K K Decaestecker





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC585246 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

MARA FISH BAR & DELI LTD (REGISTERED NUMBER: SC585246)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,265 44,077

CURRENT ASSETS
Stocks 823 748
Debtors 5 624 3,389
Cash at bank 7,744 5,383
9,191 9,520
CREDITORS
Amounts falling due within one year 6 13,158 18,974
NET CURRENT LIABILITIES (3,967 ) (9,454 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,298

34,623

CREDITORS
Amounts falling due after more than one
year

7

(25,416

)

(30,399

)

PROVISIONS FOR LIABILITIES (6,777 ) (3,724 )
NET ASSETS 105 500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5 400
SHAREHOLDERS' FUNDS 105 500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

MARA FISH BAR & DELI LTD (REGISTERED NUMBER: SC585246)

Balance Sheet - continued
31 JANUARY 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 24 May 2024 and were signed on its behalf by:





G J Decaestecker - Director


MARA FISH BAR & DELI LTD (REGISTERED NUMBER: SC585246)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Mara Fish Bar & Deli Ltd 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.

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.
Short leasehold - 20% on a straight line basis
Plant and machinery - 20% on a reducing balance basis
Fixtures and fittings - 25% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


MARA FISH BAR & DELI LTD (REGISTERED NUMBER: SC585246)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 February 2023 1,495 24,639 6,822
Additions - 2,855 170
At 31 January 2024 1,495 27,494 6,992
DEPRECIATION
At 1 February 2023 598 9,325 2,536
Charge for year 299 3,634 1,114
At 31 January 2024 897 12,959 3,650
NET BOOK VALUE
At 31 January 2024 598 14,535 3,342
At 31 January 2023 897 15,314 4,286

MARA FISH BAR & DELI LTD (REGISTERED NUMBER: SC585246)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 31,440 1,066 65,462
Additions - 156 3,181
At 31 January 2024 31,440 1,222 68,643
DEPRECIATION
At 1 February 2023 7,860 1,066 21,385
Charge for year 5,895 51 10,993
At 31 January 2024 13,755 1,117 32,378
NET BOOK VALUE
At 31 January 2024 17,685 105 36,265
At 31 January 2023 23,580 - 44,077

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 624 3,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,000 2,000
Hire purchase contracts 2,983 2,983
Taxation and social security 5,765 79
Other creditors 2,410 13,912
13,158 18,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 2,666 4,666
Hire purchase contracts 22,750 25,733
25,416 30,399