Company Registration No. 10808841 (England and Wales)
Marcou Leveton Limited
Unaudited accounts
for the year ended 30 June 2024
Marcou Leveton Limited
Unaudited accounts
Contents
Marcou Leveton Limited
Company Information
for the year ended 30 June 2024
Company Number
10808841 (England and Wales)
Registered Office
28 Farnaby Road
Bromley
BR1 4BJ
United Kingdom
Accountants
Anumerate Limited
Office 2.05, Clockwise
Old Town Hall
30 Tweedy Road
Bromley
BR13FE
Marcou Leveton Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
32,032
19,729
Creditors: amounts falling due within one year
(8,057)
(6,477)
Net current assets
24,160
13,549
Called up share capital
2
2
Profit and loss account
24,158
13,547
Shareholders' funds
24,160
13,549
For the year ending 30 June 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 31 August 2024 and were signed on its behalf by
Sarah Marcou
Director
Company Registration No. 10808841
Marcou Leveton Limited
Notes to the Accounts
for the year ended 30 June 2024
Marcou Leveton Limited is a private company, limited by shares, registered in England and Wales, registration number 10808841. The registered office is 28 Farnaby Road, Bromley, BR1 4BJ, 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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is applied at 20% per year on a straight-line basis.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company?s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company?s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Marcou Leveton Limited
Notes to the Accounts
for the year ended 30 June 2024
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company?s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Marcou Leveton Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Other
Amounts falling due within one year
Accrued income and prepayments
-
67
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,754
4,486
Loans from directors
1,396
1,084
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
The Director is a related party of the Company. At 30 June 2024 the Company owed the Director £1396 (2023: £1084). Loans with the Director are unsecured, interest-free and with no fixed term of repayment.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).