Registered number
11031467
By Mar Limited
Filleted Accounts
31 October 2023
By Mar Limited
Registered number: 11031467
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,564 34,836
Current assets
Debtors 4 43,854 44,888
Cash at bank and in hand 106,569 130,477
150,423 175,365
Creditors: amounts falling due within one year 5 (12,287) (2,261)
Net current assets 138,136 173,104
Total assets less current liabilities 147,700 207,940
Creditors: amounts falling due after more than one year 6 (16,794) (37,272)
Provisions for liabilities (1,817) (6,619)
Net assets 129,089 164,049
Capital and reserves
Called up share capital 1 1
Profit and loss account 129,088 164,048
Shareholders' funds 129,089 164,049
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D A Pritchett
Director
Approved by the board on 24 October 2024
By Mar Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment & Office equipment 20% RBM
Motor Vehicle 20% RBM
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 14,185 53,500 67,685
Additions 1,549 - 1,549
Disposals - (53,500) (53,500)
At 31 October 2023 15,734 - 15,734
Depreciation
At 1 November 2022 4,002 28,847 32,849
Charge for the year 2,168 - 2,168
On disposals - (28,847) (28,847)
At 31 October 2023 6,170 - 6,170
Net book value
At 31 October 2023 9,564 - 9,564
At 31 October 2022 10,183 24,653 34,836
4 Debtors 2023 2022
£ £
Trade debtors 32,955 -
Other debtors 10,899 44,888
43,854 44,888
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,648 -
Trade creditors 950 947
Taxation and social security costs 89 714
Other creditors 600 600
12,287 2,261
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,794 37,272
7 Other information
By Mar Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
By Mar Limited 11031467 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 D A Pritchett No description of principal activity 11031467 2021-11-01 2022-10-31 11031467 core:WithinOneYear 2022-10-31 11031467 core:AfterOneYear 2022-10-31 11031467 core:ShareCapital 2022-10-31 11031467 core:RetainedEarningsAccumulatedLosses 2022-10-31 11031467 2022-11-01 2023-10-31 11031467 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11031467 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11031467 bus:Director40 2022-11-01 2023-10-31 11031467 2 2022-11-01 2023-10-31 11031467 core:PlantMachinery 2022-11-01 2023-10-31 11031467 core:Vehicles 2022-11-01 2023-10-31 11031467 countries:England 2022-11-01 2023-10-31 11031467 bus:FRS102 2022-11-01 2023-10-31 11031467 bus:FilletedAccounts 2022-11-01 2023-10-31 11031467 2023-10-31 11031467 core:WithinOneYear 2023-10-31 11031467 core:AfterOneYear 2023-10-31 11031467 core:ShareCapital 2023-10-31 11031467 core:RetainedEarningsAccumulatedLosses 2023-10-31 11031467 core:PlantMachinery 2023-10-31 11031467 core:Vehicles 2023-10-31 11031467 2022-10-31 11031467 core:PlantMachinery 2022-10-31 11031467 core:Vehicles 2022-10-31 iso4217:GBP xbrli:pure