Allen Marmot (European) Limited 00929440 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Import and export agents and merchants Digita Accounts Production Advanced 6.30.9574.0 true false true 00929440 2023-04-01 2024-03-31 00929440 2024-03-31 00929440 bus:Director1 1 2024-03-31 00929440 bus:OrdinaryShareClass1 2024-03-31 00929440 core:CurrentFinancialInstruments 2024-03-31 00929440 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00929440 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00929440 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 00929440 core:FurnitureFittingsToolsEquipment 2024-03-31 00929440 core:MotorVehicles 2024-03-31 00929440 bus:SmallEntities 2023-04-01 2024-03-31 00929440 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00929440 bus:FilletedAccounts 2023-04-01 2024-03-31 00929440 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00929440 bus:RegisteredOffice 2023-04-01 2024-03-31 00929440 bus:Director1 2023-04-01 2024-03-31 00929440 bus:Director1 1 2023-04-01 2024-03-31 00929440 bus:Director2 2023-04-01 2024-03-31 00929440 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00929440 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00929440 core:ConstructionInProgressAssetsUnderConstruction 2023-04-01 2024-03-31 00929440 core:FurnitureFittings 2023-04-01 2024-03-31 00929440 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00929440 core:LeaseholdImprovements 2023-04-01 2024-03-31 00929440 core:MotorVehicles 2023-04-01 2024-03-31 00929440 core:OfficeEquipment 2023-04-01 2024-03-31 00929440 1 2023-04-01 2024-03-31 00929440 countries:England 2023-04-01 2024-03-31 00929440 2023-03-31 00929440 bus:Director1 1 2023-03-31 00929440 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 00929440 core:FurnitureFittingsToolsEquipment 2023-03-31 00929440 core:MotorVehicles 2023-03-31 00929440 2022-04-01 2023-03-31 00929440 2023-03-31 00929440 bus:Director1 1 2023-03-31 00929440 bus:OrdinaryShareClass1 2023-03-31 00929440 core:CurrentFinancialInstruments 2023-03-31 00929440 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00929440 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 00929440 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 00929440 core:FurnitureFittingsToolsEquipment 2023-03-31 00929440 core:MotorVehicles 2023-03-31 00929440 bus:Director1 1 2022-04-01 2023-03-31 00929440 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00929440

Allen Marmot (European) Limited

trading as Marmot Packaging

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Allen Marmot (European) Limited

trading as Marmot Packaging

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Allen Marmot (European) Limited

trading as Marmot Packaging

Company Information

Directors

Mr PS Marmot

Mr JA Marmot

Registered office

2 Rectory Lane
Edgware
Middlesex
HA8 7LF

Accountants

DJM Accountants BLJ Limited
26 High Street
Rickmansworth
WD3 1ER

 

Allen Marmot (European) Limited

trading as Marmot Packaging

(Registration number: 00929440)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,202

19,247

Current assets

 

Stocks

5

484,202

621,655

Debtors

797,300

1,094,248

Cash at bank and in hand

 

360,664

191,683

 

1,642,166

1,907,586

Creditors: Amounts falling due within one year

(1,125,788)

(1,375,474)

Net current assets

 

516,378

532,112

Total assets less current liabilities

 

538,580

551,359

Creditors: Amounts falling due after more than one year

(25,000)

(51,000)

Net assets

 

513,580

500,359

Capital and reserves

 

Called up share capital

6

10,000

10,000

Share premium reserve

247,478

247,478

Capital redemption reserve

2,522

2,522

Retained earnings

253,580

240,359

Shareholders' funds

 

513,580

500,359

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Allen Marmot (European) Limited

trading as Marmot Packaging

(Registration number: 00929440)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 8 November 2024 and signed on its behalf by:
 

Mr JA Marmot
Director

   
     
 

Allen Marmot (European) Limited

trading as Marmot Packaging

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2 Rectory Lane
Edgware
Middlesex
HA8 7LF

These financial statements were authorised for issue by the Board on 8 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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 company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Allen Marmot (European) Limited

trading as Marmot Packaging

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvement to property

10% on straight line

Fixtures and fittings

20% on reducing balance

Motor vehicles

25% on reducing balance

Office equipment

25% on reducing balance

Cash and cash equivalents

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.

Trade debtors

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.

 

Allen Marmot (European) Limited

trading as Marmot Packaging

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

Stocks

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

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.

Dividends

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.

 

Allen Marmot (European) Limited

trading as Marmot Packaging

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Improvement tp property
 £

Total
£

Cost or valuation

At 1 April 2023

215,542

16,939

28,042

260,523

Additions

3,213

-

-

3,213

At 31 March 2024

218,755

16,939

28,042

263,736

Depreciation

At 1 April 2023

207,120

21,174

12,982

241,276

Charge for the year

2,987

(4,235)

1,506

258

At 31 March 2024

210,107

16,939

14,488

241,534

Carrying amount

At 31 March 2024

8,648

-

13,554

22,202

At 31 March 2023

8,422

(4,235)

15,060

19,247

 

Allen Marmot (European) Limited

trading as Marmot Packaging

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

5

Stocks

2024
£

2023
£

Other inventories

484,202

621,655

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

       

7

Dividends

2024

2023

£

£

Interim dividend of £10.00 (2023 - £5.60) per ordinary share

100,000

56,000

 

 

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Repayments to director
£

At 31 March 2024
£

Mr PS Marmot

Loan to company

20,833

(20,833)

-

2023

At 1 April 2022
£

Repayments to director
£

At 31 March 2023
£

Mr PS Marmot

Loan to company

50,000

(29,167)

20,833

9

Parent and ultimate parent undertaking

The ultimate controlling party is J A Marmot, a director of the company..