Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11791973 2024-01-01 2024-12-31 11791973 2023-01-01 2023-12-31 11791973 2024-12-31 11791973 2023-12-31 11791973 c:Director2 2024-01-01 2024-12-31 11791973 d:CurrentFinancialInstruments 2024-12-31 11791973 d:CurrentFinancialInstruments 2023-12-31 11791973 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11791973 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11791973 d:ShareCapital 2024-12-31 11791973 d:ShareCapital 2023-12-31 11791973 d:RetainedEarningsAccumulatedLosses 2024-12-31 11791973 d:RetainedEarningsAccumulatedLosses 2023-12-31 11791973 c:FRS102 2024-01-01 2024-12-31 11791973 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11791973 c:FullAccounts 2024-01-01 2024-12-31 11791973 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11791973 2 2024-01-01 2024-12-31 11791973 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11791973









MARCOSO GLOBAL RESOURCES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MARCOSO GLOBAL RESOURCES LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
MARCOSO GLOBAL RESOURCES LTD
REGISTERED NUMBER: 11791973

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
205,432
476,370

Debtors: amounts falling due within one year
 5 
410,292
369,706

Cash at bank and in hand
 6 
310,782
481,835

  
926,506
1,327,911

Creditors: amounts falling due within one year
 7 
(747,725)
(1,211,526)

Net current assets
  
 
 
178,781
 
 
116,385

Total assets less current liabilities
  
178,781
116,385

  

Net assets
  
178,781
116,385


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
178,779
116,383

  
178,781
116,385


Page 1

 
MARCOSO GLOBAL RESOURCES LTD
REGISTERED NUMBER: 11791973
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Ahmed
Director

Date: 24 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MARCOSO GLOBAL RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Marcoso Global Resources Ltd is a private company limited by shares, incorporated in England and Wales and its registered office is 70 Gracechurch Street, London, EC3V 0HR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
MARCOSO GLOBAL RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
MARCOSO GLOBAL RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Stocks

2024
2023
£
£

Goods in transit
205,432
476,370


Page 5

 
MARCOSO GLOBAL RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
378,600
321,394

Other debtors
29,122
45,857

Prepayments and accrued income
2,570
2,455

410,292
369,706



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
310,782
481,835



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
686,690
1,116,029

Corporation tax
18,513
20,554

Other taxation and social security
4,812
4,965

Other creditors
31,303
61,127

Accruals and deferred income
6,407
8,851

747,725
1,211,526


 
Page 6