Company Registration No. 09788378 (England and Wales)
MARSM Limited
Unaudited accounts
for the period from 1 October 2023 to 31 March 2024
MARSM Limited
Unaudited accounts
Contents
MARSM Limited
Company Information
for the period from 1 October 2023 to 31 March 2024
Directors
K Shaheenziada
V Baudry
Company Number
09788378 (England and Wales)
Registered Office
Omnibus House 39-41 North Road
Rm 114 Gnd Flr
London
N7 9DP
Accountants
Total Accounting Solutions Limited
68 Habgood Road
Loughton
Essex
IG10 1HE
MARSM Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,460
2,427
Cash at bank and in hand
249,724
129,915
Creditors: amounts falling due within one year
(180,603)
(76,747)
Net current assets
97,771
120,627
Net assets
110,231
133,054
Called up share capital
2
2
Profit and loss account
110,229
133,052
Shareholders' funds
110,231
133,054
For the period ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
K Shaheenziada
Director
Company Registration No. 09788378
MARSM Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
MARSM Limited is a private company, limited by shares, registered in England and Wales, registration number 09788378. The registered office is Omnibus House 39-41 North Road, Rm 114 Gnd Flr, London, N7 9DP.
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.
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 date of the event being promoted.
Grants in relation to trading and profit and loss activities are credited to other operating income when the corresponding expenditure is charged to profit and loss.
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% straight line
Investments in shares are included at cost less impairment.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MARSM Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
2,427
5
Investments
Other investments
Valuation at 1 October 2023
10,000
Valuation at 31 March 2024
10,000
Amounts falling due within one year
Trade debtors
9,883
22,919
Deferred tax asset
4,719
-
Accrued income and prepayments
13,366
43,858
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
23,110
24,584
Taxes and social security
18,058
13,418
Other creditors
866
12,016
Loans from directors
4,187
4,031
Deferred income
126,719
18,333
MARSM Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
467
-
Tax losses carried forward
(5,186)
-
Credited to the profit and loss account
(4,719)
-
Provision at end of period
(4,719)
-
9
Average number of employees
During the period the average number of employees was 8 (2023: 8).