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REGISTERED NUMBER: 09006057 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Marun Construction Ltd

Marun Construction Ltd (Registered number: 09006057)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Marun Construction Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Clarke
Mr S Pennell





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Park
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 09006057 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Marun Construction Ltd (Registered number: 09006057)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 418 2,918
Tangible assets 5 89,104 55,410
89,522 58,328

CURRENT ASSETS
Debtors 27,888 7,258
Cash at bank 46,553 30,584
74,441 37,842
CREDITORS
Amounts falling due within one year 132,769 88,170
NET CURRENT LIABILITIES (58,328 ) (50,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,194

8,000

PROVISIONS FOR LIABILITIES 7 13,414 6,991
NET ASSETS 17,780 1,009

CAPITAL AND RESERVES
Called up share capital 8 102 102
Retained earnings 17,678 907
SHAREHOLDERS' FUNDS 17,780 1,009

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.

Marun Construction Ltd (Registered number: 09006057)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2024 and were signed on its behalf by:





Mr S Pennell - Director


Marun Construction Ltd (Registered number: 09006057)

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


1. STATUTORY INFORMATION

Marun Construction 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance

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.

Marun Construction Ltd (Registered number: 09006057)

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 9 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 25,000
AMORTISATION
At 1 April 2023 22,082
Amortisation for year 2,500
At 31 March 2024 24,582
NET BOOK VALUE

At 31 March 2024 418
At 31 March 2023 2,918

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 100,076
Additions 55,410
Disposals (8,995 )
At 31 March 2024 146,491
DEPRECIATION
At 1 April 2023 44,666
Charge for year 12,721
At 31 March 2024 57,387
NET BOOK VALUE
At 31 March 2024 89,104
At 31 March 2023 55,410

Marun Construction Ltd (Registered number: 09006057)

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


6. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,465 22,363

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 13,414 6,991

Deferred
tax
£   
Balance at 1 April 2023 6,991
Accelerated capital allowances 6,423
Balance at 31 March 2024 13,414

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
2 Ordinary B 1 2 2
102 102

9. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the two directors, Mr S Pennell and Mr M Clarke, who are the majority shareholders.