Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 5123246 Mrs Lara Desouza Mr Mahdi Bourhan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5123246 2023-05-31 5123246 2024-05-31 5123246 2023-06-01 2024-05-31 5123246 frs-core:CurrentFinancialInstruments 2024-05-31 5123246 frs-core:Non-currentFinancialInstruments 2024-05-31 5123246 frs-core:FurnitureFittings 2024-05-31 5123246 frs-core:FurnitureFittings 2023-06-01 2024-05-31 5123246 frs-core:FurnitureFittings 2023-05-31 5123246 frs-core:MotorVehicles 2024-05-31 5123246 frs-core:MotorVehicles 2023-06-01 2024-05-31 5123246 frs-core:MotorVehicles 2023-05-31 5123246 frs-core:ShareCapital 2024-05-31 5123246 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 5123246 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 5123246 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 5123246 frs-bus:SmallEntities 2023-06-01 2024-05-31 5123246 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 5123246 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 5123246 frs-bus:Director1 2023-06-01 2024-05-31 5123246 frs-bus:Director2 2023-06-01 2024-05-31 5123246 frs-core:Non-currentFinancialInstruments 1 2024-05-31 5123246 frs-countries:EnglandWales 2023-06-01 2024-05-31 5123246 2022-05-31 5123246 2023-05-31 5123246 2022-06-01 2023-05-31 5123246 frs-core:CurrentFinancialInstruments 2023-05-31 5123246 frs-core:Non-currentFinancialInstruments 2023-05-31 5123246 frs-core:ShareCapital 2023-05-31 5123246 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 5123246 frs-core:Non-currentFinancialInstruments 1 2023-05-31
Registered number: 5123246
MARWA TRADING LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report of the Accountant to the directors of MARWA TRADING LIMITED
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Ltd
25/02/2025
Page 1
Page 2
Balance Sheet
Registered number: 5123246
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,217 86,521
69,217 86,521
CURRENT ASSETS
Stocks 5 169,445 165,501
Debtors 6 24,383 28,804
Cash at bank and in hand 8,528 6,036
202,356 200,341
Creditors: Amounts Falling Due Within One Year 7 (149,161 ) (109,831 )
NET CURRENT ASSETS (LIABILITIES) 53,195 90,510
TOTAL ASSETS LESS CURRENT LIABILITIES 122,412 177,031
Creditors: Amounts Falling Due After More Than One Year 8 (99,130 ) (128,242 )
NET ASSETS 23,282 48,789
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 23,281 48,788
SHAREHOLDERS' FUNDS 23,282 48,789
Page 2
Page 3
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lara Desouza
Director
Mr Mahdi Bourhan
Director
25/02/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
MARWA TRADING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5123246 . The registered office is 281 High STreet, Slough, SL1 1BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on reducing balance method
Fixtures & Fittings 20% on reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
Sales, marketing and distribution 16 17
19 20
Page 4
Page 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 131,743 33,306 165,049
As at 31 May 2024 131,743 33,306 165,049
Depreciation
As at 1 June 2023 52,673 25,855 78,528
Provided during the period 15,814 1,490 17,304
As at 31 May 2024 68,487 27,345 95,832
Net Book Value
As at 31 May 2024 63,256 5,961 69,217
As at 1 June 2023 79,070 7,451 86,521
5. Stocks
2024 2023
£ £
Materials 169,445 165,501
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 24,383 28,804
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 92,236 48,050
Corporation tax 15,137 17,842
Other taxes and social security 1,338 3,489
Accruals 450 450
Directors' loan accounts 40,000 40,000
149,161 109,831
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,506 40,264
Car Finance 64,624 87,978
99,130 128,242
Page 5
Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 40,000 40,000
Page 6