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REGISTERED NUMBER: 12988505 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2023 TO 31 DECEMBER 2024

FOR

MARATHON BAGS LIMITED

MARATHON BAGS LIMITED (REGISTERED NUMBER: 12988505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARATHON BAGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024







DIRECTORS: J Worthington
S Worthington





REGISTERED OFFICE: Unit 10
Chertsey Business Park
Hanworth Lane
Chertsey
Surrey
KT16 9GJ





REGISTERED NUMBER: 12988505 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

MARATHON BAGS LIMITED (REGISTERED NUMBER: 12988505)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,858 18,250
Tangible assets 5 15,594 20,986
30,452 39,236

CURRENT ASSETS
Stocks 189,605 165,170
Debtors 6 48,344 48,992
Cash at bank 43,075 181,205
281,024 395,367
CREDITORS
Amounts falling due within one year 7 343,767 384,293
NET CURRENT (LIABILITIES)/ASSETS (62,743 ) 11,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,291

)

50,310

PROVISIONS FOR LIABILITIES 9 - 9,271
NET (LIABILITIES)/ASSETS (32,291 ) 41,039

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (32,293 ) 41,037
SHAREHOLDERS' FUNDS (32,291 ) 41,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 12 March 2025 and were signed on its behalf by:



J Worthington - Director


MARATHON BAGS LIMITED (REGISTERED NUMBER: 12988505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024


1. STATUTORY INFORMATION

Marathon Bags Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding Value Added Tax. Turnover is recognised when goods are sold in store or dispatched for online orders.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten 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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stock comprises goods held for resale, which are valued at the lower of cost or net realisable value.

Cost is based on the cost of purchase including delivery charges.

Net realisable value is based on estimated selling prices.

Taxation
Taxation for the period 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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

MARATHON BAGS LIMITED (REGISTERED NUMBER: 12988505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2023
and 31 December 2024 23,000 3,038 26,038
AMORTISATION
At 1 November 2023 6,900 888 7,788
Charge for period 2,683 709 3,392
At 31 December 2024 9,583 1,597 11,180
NET BOOK VALUE
At 31 December 2024 13,417 1,441 14,858
At 31 October 2023 16,100 2,150 18,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 43,898
Additions 615
At 31 December 2024 44,513
DEPRECIATION
At 1 November 2023 22,912
Charge for period 6,007
At 31 December 2024 28,919
NET BOOK VALUE
At 31 December 2024 15,594
At 31 October 2023 20,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.10.23
£    £   
Trade debtors 1,830 17,180
Other debtors 46,514 31,812
48,344 48,992

MARATHON BAGS LIMITED (REGISTERED NUMBER: 12988505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.10.23
£    £   
Trade creditors 2,448 8,978
Taxation and social security 17,360 23,762
Other creditors 323,959 351,553
343,767 384,293

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.10.23
£    £   
Within one year 60,121 60,121
Between one and five years 220,444 240,484
In more than five years - 40,080
280,565 340,685

9. PROVISIONS FOR LIABILITIES
31.12.24 31.10.23
£    £   
Deferred tax - 9,271

Deferred
tax
£   
Balance at 1 November 2023 9,271
Provided during period (9,271 )
Balance at 31 December 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.10.23
value: £    £   
2 Ordinary £1 2 2