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REGISTERED NUMBER: NI018681 (Northern Ireland)















MARLBOROUGH ENGINEERING LTD

Unaudited Financial Statements for the Year Ended 30 April 2024






MARLBOROUGH ENGINEERING LTD (REGISTERED NUMBER: NI018681)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARLBOROUGH ENGINEERING LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Domhnail Michael O'Neill
Mark O'Kane





REGISTERED OFFICE: 67 Sydenham Road
Belfast
Co. Antrim
BT3 9DJ





REGISTERED NUMBER: NI018681 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

MARLBOROUGH ENGINEERING LTD (REGISTERED NUMBER: NI018681)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £ £
CURRENT ASSETS
Inventories 282,240 301,735
Receivables 6 928,231 1,049,881
Cash at bank and in hand 26,901 49,072
1,237,372 1,400,688
PAYABLES
Amounts falling due within one year 7 (552,634 ) (615,196 )
NET CURRENT ASSETS 684,738 785,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,738

785,492

PAYABLES
Amounts falling due after more than
one year

8

(49,993

)

(93,777

)
NET ASSETS 634,745 691,715

CAPITAL AND RESERVES
Called up share capital 6,724 6,724
Other reserves 18,280 18,280
Retained earnings 609,741 666,711
634,745 691,715

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

MARLBOROUGH ENGINEERING LTD (REGISTERED NUMBER: NI018681)

Statement of Financial Position - continued
30 APRIL 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 27 November 2024 and were signed on its behalf by:




Mark O'Kane - Director



Domhnail Michael O'Neill - Director


MARLBOROUGH ENGINEERING LTD (REGISTERED NUMBER: NI018681)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Marlborough Engineering Limited is a private company limited by shares incorporated in Northern Ireland.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of nil 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.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

MARLBOROUGH ENGINEERING LTD (REGISTERED NUMBER: NI018681)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 56 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 116,828
AMORTISATION
At 1 May 2023
and 30 April 2024 116,828
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. RECEIVABLES
2024 2023
£ £
Trade receivables 430,635 707,025
Amounts owed by group undertakings 471,274 234,253
Other receivables 26,322 108,603
928,231 1,049,881

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 34,665 29,310
Trade payables 289,729 357,386
Taxation and social security 102,856 148,410
Other payables 125,384 80,090
552,634 615,196

The bank facilities are secured by a charge over the undertaking of the company and all it's property.
Amounts owed to group companies are payable on demand.

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 49,993 93,777