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
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
Marisco Electricals Limited
Statement of financial position
as at 30 April 2024
Tangible assets
77,874
103,124
Cash at bank and in hand
2,478
10,715
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)
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
Marisco Electricals Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
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.
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
At 30 April 2024
3,292
219,512
17,500
11,756
252,060
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
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
Marisco Electricals Limited
Notes to the Accounts
for the year ended 30 April 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
45,328
60,438
Amounts falling due within one year
Trade debtors
55,352
128,538
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
43,664
76,642
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).