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Company Registration No. 13384391 (England and Wales)
MARIMEX INSULATION AND INTERNATIONAL TRADING LTD Unaudited accounts for the year ended 31 March 2024
MARIMEX INSULATION AND INTERNATIONAL TRADING LTD Unaudited accounts Contents
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MARIMEX INSULATION AND INTERNATIONAL TRADING LTD Company Information for the year ended 31 March 2024
Director
Mr.Cihat Turgut
Company Number
13384391 (England and Wales)
Registered Office
Unit 7 647 Melton Road Thurmaston Leicester Leicestershire LE4 8EB England
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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MARIMEX INSULATION AND INTERNATIONAL TRADING LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,735 
15,666 
Current assets
Inventories
39,570 
33,229 
Cash at bank and in hand
7,404 
9,779 
46,974 
43,008 
Creditors: amounts falling due within one year
(176,560)
(71,014)
Net current liabilities
(129,586)
(28,006)
Net liabilities
(109,851)
(12,340)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(109,852)
(12,341)
Shareholders' funds
(109,851)
(12,340)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 7 March 2025 and were signed on its behalf by
Mr.Cihat Turgut Director Company Registration No. 13384391
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MARIMEX INSULATION AND INTERNATIONAL TRADING LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MARIMEX INSULATION AND INTERNATIONAL TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 13384391. The registered office is Unit 7, 647 Melton Road, Thurmaston, Leicester, Leicestershire, LE4 8EB, England.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18%
Motor vehicles
18%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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MARIMEX INSULATION AND INTERNATIONAL TRADING LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
12,605 
6,500 
19,105 
Additions
- 
8,400 
8,400 
At 31 March 2024
12,605 
14,900 
27,505 
Depreciation
At 1 April 2023
2,269 
1,170 
3,439 
Charge for the year
1,860 
2,471 
4,331 
At 31 March 2024
4,129 
3,641 
7,770 
Net book value
At 31 March 2024
8,476 
11,259 
19,735 
At 31 March 2023
10,336 
5,330 
15,666 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
176,560 
71,014 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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