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REGISTERED NUMBER: 04275657 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MARBOCOTE LIMITED

MARBOCOTE LIMITED (REGISTERED NUMBER: 04275657)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARBOCOTE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: I Snowdon
N Dondena
M Rigby
F Dondena





SECRETARY: J L Rimmer





REGISTERED OFFICE: Unit 9
Dalton Way
Middlewich
Cheshire
CW10 0HU





REGISTERED NUMBER: 04275657 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

MARBOCOTE LIMITED (REGISTERED NUMBER: 04275657)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 233,395 216,037
Investments 5 - -
233,395 216,037

CURRENT ASSETS
Stocks 486,909 603,520
Debtors 6 973,335 1,060,170
Cash at bank 769,345 889,375
2,229,589 2,553,065
CREDITORS
Amounts falling due within one year 7 (600,991 ) (686,639 )
NET CURRENT ASSETS 1,628,598 1,866,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,861,993

2,082,463

PROVISIONS FOR LIABILITIES 9 (58,349 ) (38,404 )
NET ASSETS 1,803,644 2,044,059

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,803,544 2,043,959
SHAREHOLDERS' FUNDS 1,803,644 2,044,059

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:




I Snowdon - Director


MARBOCOTE LIMITED (REGISTERED NUMBER: 04275657)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. COMPANY INFORMATION

Marbocote Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 9 Dalton Way, Middlewich, Cheshire, CW10 0HU and the registered number is 04275657.

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.

The presentational currency of the financial statements is Pound Sterling (£) and figures have been rounded to the nearest £1.

Turnover
Turnover 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:

Rendering of goods and services
Revenue from a contract to provide goods and services is recognised in the period in which the goods and 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.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

Depreciation is provided at the following annual rates in order to write off each asset, net of anticipated disposal proceeds, over its estimated useful economic life. Depreciation is charged at the following rates:

Short leasehold land & buildings-20% straight line
Plant and Machinery-33% straight line, 20% straight line and 10% straight line
Fixtures and fittings-33% straight line and 15-20% reducing balance

Stocks
Stocks are stated at the lower of cost and 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.

MARBOCOTE LIMITED (REGISTERED NUMBER: 04275657)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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

Tax is recognised in the profit and loss account, 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 direct in equity respectively.

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 probably 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 allowance have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Fixed asset investments are held at cost less any provision for impairment where appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

MARBOCOTE LIMITED (REGISTERED NUMBER: 04275657)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
land & Plant and and
buildings machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 269,519 707,596 55,303 1,032,418
Additions 29,766 58,873 984 89,623
Disposals - (4,575 ) (426 ) (5,001 )
At 31 December 2024 299,285 761,894 55,861 1,117,040
DEPRECIATION
At 1 January 2024 248,439 518,070 49,872 816,381
Charge for year 16,646 52,123 3,355 72,124
Eliminated on disposal - (4,434 ) (426 ) (4,860 )
At 31 December 2024 265,085 565,759 52,801 883,645
NET BOOK VALUE
At 31 December 2024 34,200 196,135 3,060 233,395
At 31 December 2023 21,080 189,526 5,431 216,037

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 730,409
PROVISIONS
At 1 January 2024
and 31 December 2024 730,409
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 576,854 676,899
Amounts owed by associates 338,960 307,468
Other debtors 57,521 75,803
973,335 1,060,170

MARBOCOTE LIMITED (REGISTERED NUMBER: 04275657)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 161,958 139,221
Amounts owed to associates 121,407 134,499
Taxation and social security 174,628 204,018
Other creditors 142,998 208,901
600,991 686,639

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 96,186 98,280
Between one and five years 96,186 192,372
192,372 290,652

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 58,349 38,404

Deferred
tax
£   
Balance at 1 January 2024 38,404
Provided during year 19,945
Balance at 31 December 2024 58,349

10. RELATED PARTY DISCLOSURES

Details of transactions and balances with companies which are connected by virtue of the common control of the directors are set out below:

During the year, Marbocote Limited made sales to connected companies amounting to £1,050,727 (2023: £1,000,083 ) and purchases amounting to £408,802 (2023: £460,332). At the year end Marbocote Limited was owed £217.554 (2023: £172,969) by connected companies. This consists of an amount owed to Marbocote Limited of £338,960 (2023: £307,468) and an amount due by Marbocote Limited of £121,407 (2023: £134,499).