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Company Registration No. 10113519 (England and Wales)
Marisco Electricals Limited Unaudited accounts for the year ended 30 April 2024
Marisco Electricals Limited Unaudited accounts Contents
Page
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Marisco Electricals Limited Company Information for the year ended 30 April 2024
Directors
Samuel Woodhams Samuel Richard Clover
Company Number
10113519 (England and Wales)
Registered Office
Unit J5, The Fulcrum 6 Vantage Way Poole Dorset BH12 4NU United Kingdom
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Marisco Electricals Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
77,874 
103,124 
Current assets
Inventories
9,371 
20,000 
Debtors
69,325 
141,004 
Cash at bank and in hand
2,478 
10,715 
81,174 
171,719 
Creditors: amounts falling due within one year
(411,441)
(282,793)
Net current liabilities
(330,267)
(111,074)
Total assets less current liabilities
(252,393)
(7,950)
Creditors: amounts falling due after more than one year
(53,938)
(96,663)
Provisions for liabilities
Deferred tax
(14,796)
(19,593)
Net liabilities
(321,127)
(124,206)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(321,137)
(124,216)
Shareholders' funds
(321,127)
(124,206)
For the year ending 30 April 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 30 January 2025 and were signed on its behalf by
Samuel Richard Clover Director Company Registration No. 10113519
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Marisco Electricals Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Marisco Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 10113519. The registered office is Unit J5, The Fulcrum, 6 Vantage Way, Poole, Dorset, BH12 4NU, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. The Company is considered by the directors as a going concern by virtue of the continuing support of Marisco South Ltd to meet the debts of the Company as they fall due.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
2,676 
219,512 
17,500 
11,664 
251,352 
Additions
616 
- 
- 
92 
708 
At 30 April 2024
3,292 
219,512 
17,500 
11,756 
252,060 
Depreciation
At 1 May 2023
669 
126,766 
12,250 
8,543 
148,228 
Charge for the year
656 
23,186 
1,313 
803 
25,958 
At 30 April 2024
1,325 
149,952 
13,563 
9,346 
174,186 
Net book value
At 30 April 2024
1,967 
69,560 
3,937 
2,410 
77,874 
At 30 April 2023
2,007 
92,746 
5,250 
3,121 
103,124 
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Marisco Electricals Limited Notes to the Accounts for the year ended 30 April 2024
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
45,328 
60,438 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,973 
12,466 
Trade debtors
55,352 
128,538 
69,325 
141,004 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,560 
10,812 
Obligations under finance leases and hire purchase contracts
41,873 
42,359 
Trade creditors
74,760 
91,223 
Taxes and social security
37,485 
46,296 
Other creditors
211,410 
59,443 
Loans from directors
35,353 
32,660 
411,441 
282,793 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,274 
20,021 
Obligations under finance leases and hire purchase contracts
43,664 
76,642 
53,938 
96,663 
The creditors refer to the balances of HP agreements on vehicles repayable with 2-5 years.
8
Transactions with related parties
The company was under the control of Samuel Woodhams and Samuel Clover as equal directors and shareholders. Directors Loans to the Company: During the year, Samuel Woodhams increased his loan to teh Company buy £2,692 that stood at £32,660 at the start of the year, leaving a balance outstanding of £35,352 at the year-end. The Company made sales for electrical services of £504,890 (2023 - £416,924) to Marisco South Ltd during the year in which Samuel Clover is the sole director and shareholder with a controlling interest.
9
Average number of employees
During the year the average number of employees was 15 (2023: 17).
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