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Registered Number: 05510736


 

 

 

MARNEROS MARCUS & CO LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Andreas Marneros
Registered Number 05510736
Registered Office FIRST FLOOR, HAGLEY COURT 40 VICARAGE ROAD
EDGBASTON BIRMINGHAM
B15 3EZ
Accountants Marneros Marcus & Co Limited
Hagley Court, First Floor
40 Vicarage Road, Edgbaston
Birmingham
West Midlands
B15 3EZ
Secretary Androulla Marneros
Bankers Cynergy Bank
PO Box 17484
87 Chase Side
London
N14 5WH

1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 August 2024.
Principal activities
Principal activity of the company during the financial year was of accounting and auditing activities.
Director
The director who served the company throughout the year was as follows:
Andreas Marneros
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Andreas Marneros
Director

Date approved: 29 May 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of MARNEROS MARCUS & CO 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 accounts of MARNEROS MARCUS & CO LIMITED for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of MARNEROS MARCUS & CO LIMITED, as a body, in accordance with the terms of our engagement letter dated 29 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of MARNEROS MARCUS & CO LIMITED and state those matters that we have agreed to state to the Board of Directors of MARNEROS MARCUS & CO LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MARNEROS MARCUS & CO LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MARNEROS MARCUS & CO LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MARNEROS MARCUS & CO LIMITED. You consider that MARNEROS MARCUS & CO LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MARNEROS MARCUS & CO 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 accounts
31 August 2024.



....................................................

Marneros Marcus & Co Limited

Hagley Court, First Floor
40 Vicarage Road, Edgbaston
Birmingham
West Midlands
B15 3EZ
29 May 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 1,127,744    1,052,532 
Tangible fixed assets 4 32,649    20,726 
1,160,393    1,073,258 
Current assets      
Stocks 5 21,555    15,555 
Debtors 6 975,945    1,151,127 
Cash at bank and in hand 42,620    114,800 
1,040,120    1,281,482 
Creditors: amount falling due within one year 7 (333,534)   (593,555)
Net current assets 706,586    687,927 
 
Total assets less current liabilities 1,866,979    1,761,185 
Creditors: amount falling due after more than one year 8 (386,721)   (251,881)
Net assets 1,480,258    1,509,304 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 9 480,000    480,000 
Profit and loss account 1,000,158    1,029,204 
Shareholders' funds 1,480,258    1,509,304 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 May 2025 and were signed by:


-------------------------------
Andreas Marneros
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2022 100  923,842  923,942 
Profit for the year 157,362  157,362 
Total comprehensive income for the year 157,362  157,362 
Dividends (52,000) (52,000)
Total investments by and distributions to owners (52,000) (52,000)
At 31 August 2023 100  1,029,204  1,029,304 
At 01 September 2023 100  1,029,204  1,029,304 
Profit for the year 954  954 
Total comprehensive income for the year 954  954 
Dividends (30,000) (30,000)
Total investments by and distributions to owners (30,000) (30,000)
At 31 August 2024 100  1,000,158  1,000,258 
5
General Information
MARNEROS MARCUS & CO LIMITED is a private company, limited by shares, registered in , registration number 05510736, registration address FIRST FLOOR, HAGLEY COURT 40 VICARAGE ROAD, EDGBASTON BIRMINGHAM, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 17 (2023 : 16).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 September 2023 1,052,532    1,052,532 
Additions 75,212    75,212 
Disposals  
At 31 August 2024 1,127,744    1,127,744 
Amortisation
At 01 September 2023  
Charge for year  
On disposals  
At 31 August 2024  
Net book values
At 31 August 2024 1,127,744    1,127,744 
At 31 August 2023 1,052,532    1,052,532 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 September 2023 69,187    69,187 
Additions 15,617    15,617 
Disposals  
At 31 August 2024 84,804    84,804 
Depreciation
At 01 September 2023 48,461    48,461 
Charge for year 3,694    3,694 
On disposals  
At 31 August 2024 52,155    52,155 
Net book values
Closing balance as at 31 August 2024 32,649    32,649 
Opening balance as at 01 September 2023 20,726    20,726 


5.

Stocks

2024
£
  2023
£
Work in Progress 21,555    15,555 
21,555    15,555 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 745,061    1,061,241 
Prepayments & Accrued Income 77,058    9,381 
Accrued Income   70,000 
Staff Loans 1,700    1,700 
Sundry 8,805    8,805 
832,624    1,151,127 

6.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors 143,321   
143,321   

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 74,218    80,374 
Bank Loans & Overdrafts (Secured)   41,164 
Corporation Tax 78,925    76,043 
PAYE & Social Security 13,805    8,580 
Directors' Current Accounts   228,122 
VAT 166,586    159,272 
333,534    593,555 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured)   251,881 
Bank Loans & Overdrafts 163,590   
Other Creditors 22,750   
Directors' Loan Accounts 200,381   
386,721    251,881 

9.

Reserves

2024
£
  2023
£
Revaluation Reserve 480,000    480,000 
480,000    480,000 

6