Company Registration No. 07141593 (England and Wales)
Marcos Construction Limited
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Marcos Construction Limited
Unaudited accounts
Contents
Marcos Construction Limited
Company Information
for the period from 1 March 2023 to 28 February 2024
Director
Marco P Faria Da Silva
Company Number
07141593 (England and Wales)
Registered Office
103 Church Lane
Cheshunt
Hertfordshire
EN8 0DU
England
Accountants
Saim & Co
23 Mowbrey Gardens
Loughton
Essex
IG10 2EU
Marcos Construction Limited
Statement of financial position
as at 28 February 2024
Tangible assets
8,086
10,482
Cash at bank and in hand
221,672
263,589
Creditors: amounts falling due within one year
(207,653)
(241,995)
Net current assets
25,335
37,759
Total assets less current liabilities
33,421
48,241
Creditors: amounts falling due after more than one year
(10,197)
(21,350)
Called up share capital
100
100
Profit and loss account
23,124
26,791
Shareholders' funds
23,224
26,891
For the period ending 28 February 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 19 November 2024 and were signed on its behalf by
Marco P Faria Da Silva
Director
Company Registration No. 07141593
Marcos Construction Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Marcos Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 07141593. The registered office is 103 Church Lane, Cheshunt, Hertfordshire, EN8 0DU, England.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost.
Motor vehicles
25% on cost.
Computer equipment
25% on cost.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
48,786
22,804
1,232
72,822
At 28 February 2024
50,387
22,804
1,232
74,423
At 1 March 2023
38,304
22,804
1,232
62,340
Charge for the period
3,997
-
-
3,997
At 28 February 2024
42,301
22,804
1,232
66,337
At 28 February 2024
8,086
-
-
8,086
At 28 February 2023
10,482
-
-
10,482
Marcos Construction Limited
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,500
11,500
Trade creditors
32,987
32,077
Taxes and social security
25,735
28,224
Loans from directors
(46,759)
(14,806)
Deferred income
184,190
185,000
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Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account
14,806
121,224
89,272
46,758
14,806
121,224
89,272
46,758
The Director M Da Silva controls the company as a result of controlling directly 100% of the issued share capital.
The loans was repaid in full on 31 May 2024.
10
Average number of employees
During the period the average number of employees was 3 (2023: 3).