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REGISTERED NUMBER: 03740175 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mara Services Limited

Mara Services Limited (Registered number: 03740175)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mara Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Richefond
M Bishop
T L King





REGISTERED OFFICE: Harmile House
54 St. Mary's Lane
Upminster
Essex
RM14 2QT





REGISTERED NUMBER: 03740175 (England and Wales)

Mara Services Limited (Registered number: 03740175)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 3,351 9,231
Investments 6 14,872 14,872
18,225 24,105

CURRENT ASSETS
Stocks 110,000 110,000
Debtors 7 582,289 502,461
Cash at bank and in hand 21,033 19,541
713,322 632,002
CREDITORS
Amounts falling due within one year 8 532,708 459,429
NET CURRENT ASSETS 180,614 172,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,839

196,678

CREDITORS
Amounts falling due after more than one
year

9

(12,619

)

(22,556

)

PROVISIONS FOR LIABILITIES (637 ) (1,754 )
NET ASSETS 185,583 172,368

CAPITAL AND RESERVES
Called up share capital 11 900 900
Share premium 25,900 25,900
Retained earnings 158,783 145,568
SHAREHOLDERS' FUNDS 185,583 172,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mara Services Limited (Registered number: 03740175)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





J Richefond - Director


Mara Services Limited (Registered number: 03740175)

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

1. STATUTORY INFORMATION

Mara Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of two years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Mara Services Limited (Registered number: 03740175)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2023 - 102 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 150,650
Additions 3,207
Disposals (131,935 )
At 31 March 2024 21,922
DEPRECIATION
At 1 April 2023 141,419
Charge for year 2,111
Eliminated on disposal (124,959 )
At 31 March 2024 18,571
NET BOOK VALUE
At 31 March 2024 3,351
At 31 March 2023 9,231

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 14,872
NET BOOK VALUE
At 31 March 2024 14,872
At 31 March 2023 14,872

Mara Services Limited (Registered number: 03740175)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 194,280 163,138
Other debtors 388,009 339,323
582,289 502,461

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 158,055 98,866
Trade creditors 236,567 239,230
Taxation and social security 92,236 101,684
Other creditors 45,850 19,649
532,708 459,429

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,619 22,556

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 147,407 88,218

The bank overdraft is secured by a debenture over the company's assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
800 Ordinary £1 800 800

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A shares £1 100 100

12. OTHER FINANCIAL COMMITMENTS

As at the balance sheet date the company had total commitments under non-cancellable operating leases over the remaining life of those leases of NIL (2023 - £8,333).

The lease commitments payable within one year of the balance sheet date amounted to NIL (2023: £8,333).

Mara Services Limited (Registered number: 03740175)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M Bishop and J Richefond
Balance outstanding at start of year 240,053 -
Amounts advanced 90,145 353,819
Amounts repaid (37,280 ) (113,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,918 240,053

The loans are repayable on demand. Interest is charged at approved Revenue rates where applicable.