Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falsetruefalse2023-09-01No description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13524569 2023-09-01 2024-08-31 13524569 2022-09-01 2023-08-31 13524569 2024-08-31 13524569 2023-08-31 13524569 c:Director1 2023-09-01 2024-08-31 13524569 d:OfficeEquipment 2023-09-01 2024-08-31 13524569 d:OfficeEquipment 2024-08-31 13524569 d:OfficeEquipment 2023-08-31 13524569 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13524569 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 13524569 d:OtherPropertyPlantEquipment 2024-08-31 13524569 d:OtherPropertyPlantEquipment 2023-08-31 13524569 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13524569 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 13524569 d:CurrentFinancialInstruments 2024-08-31 13524569 d:CurrentFinancialInstruments 2023-08-31 13524569 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13524569 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13524569 d:ShareCapital 2024-08-31 13524569 d:ShareCapital 2023-08-31 13524569 d:RetainedEarningsAccumulatedLosses 2024-08-31 13524569 d:RetainedEarningsAccumulatedLosses 2023-08-31 13524569 c:OrdinaryShareClass1 2023-09-01 2024-08-31 13524569 c:OrdinaryShareClass1 2024-08-31 13524569 c:OrdinaryShareClass1 2023-08-31 13524569 c:FRS102 2023-09-01 2024-08-31 13524569 c:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13524569 c:FullAccounts 2023-09-01 2024-08-31 13524569 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13524569 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13524569










MARLO ENTERPRISES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
MARLO ENTERPRISES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARLO ENTERPRISES LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marlo Enterprises Limited for the year ended 31 August 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Marlo Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 11/09/2023Our work has been undertaken solely to prepare for your approval the financial statements of Marlo Enterprises Limited and state those matters that we have agreed to state to the Board of directors of Marlo Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marlo Enterprises Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Marlo Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Marlo Enterprises Limited. You consider that Marlo Enterprises Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Marlo Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



WR Partners
 
Chartered Accountants
  
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
30 April 2025

 
MARLO ENTERPRISES LIMITED
REGISTERED NUMBER: 13524569

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,990
5,183

  
7,990
5,183

Current assets
  

Stocks
  
116,149
125,338

Debtors: amounts falling due within one year
 5 
249
153

Cash at bank and in hand
 6 
52,610
165,967

  
169,008
291,458

Creditors: amounts falling due within one year
 7 
(401,170)
(425,623)

Net current liabilities
  
 
 
(232,162)
 
 
(134,165)

Total assets less current liabilities
  
(224,172)
(128,982)

Provisions for liabilities
  

Deferred tax
  
(635)
-

  
 
 
(635)
 
 
-

Net liabilities
  
(224,807)
(128,982)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(224,808)
(128,983)

  
(224,807)
(128,982)



 
MARLO ENTERPRISES LIMITED
REGISTERED NUMBER: 13524569
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider 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 directors acknowledge their 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 profit and loss account 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: 




B R Dawes
Director

Date: 30 April 2025

The notes on  form part of these financial statements.


 
MARLO ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Marlo Enterprises Limited is a private limited company, limited by shares, incorporated in England and Wales, with its principal place of business at 13 Ferrier Street, London, SW18 1SN.

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

Going concern

The director's have considered the support and financial requirements of the company, acknowledging the net current liability position, and they are satisfied that the company can meet its liabilities as they fall due for the forseeable future.

 
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.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


 
MARLO ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance
Website costs
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


 
MARLO ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

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 first in, first out 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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

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


 
MARLO ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 September 2023
4,866
2,046
6,912


Additions
-
5,471
5,471



At 31 August 2024

4,866
7,517
12,383



Depreciation


At 1 September 2023
1,217
512
1,729


Charge for the year on owned assets
912
1,752
2,664



At 31 August 2024

2,129
2,264
4,393



Net book value



At 31 August 2024
2,737
5,253
7,990



At 31 August 2023
3,649
1,534
5,183


5.


Debtors

2024
2023
£
£


Trade debtors
46
72

Prepayments and accrued income
203
81

249
153



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
52,610
165,967

52,610
165,967



 
MARLO ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,796
1,308

Amounts owed to group undertakings
206,108
146,498

Other taxation and social security
5,665
10,495

Other creditors
175,847
265,822

Accruals and deferred income
4,754
1,500

401,170
425,623



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1