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Company Registration No. 07442259 (England and Wales)
Marvo Ltd Unaudited accounts for the year ended 30 November 2024
Marvo Ltd Unaudited accounts Contents
Page
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Marvo Ltd Company Information for the year ended 30 November 2024
Director
Anna Madarcova
Company Number
07442259 (England and Wales)
Registered Office
3 Fir Tree Close Grays RM17 6TY England
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Marvo Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
96,962 
Current assets
Debtors
- 
9,985 
Cash at bank and in hand
599 
24,809 
599 
34,794 
Creditors: amounts falling due within one year
(15,861)
(103,024)
Net current liabilities
(15,262)
(68,230)
Total assets less current liabilities
(15,262)
28,732 
Creditors: amounts falling due after more than one year
(178,615)
(178,614)
Provisions for liabilities
Deferred tax
(56,516)
(28,258)
Net liabilities
(250,393)
(178,140)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(250,395)
(178,142)
Shareholders' funds
(250,393)
(178,140)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2025 and were signed on its behalf by
Anna Madarcova Director Company Registration No. 07442259
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Marvo Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Marvo Ltd is a private company, limited by shares, registered in England and Wales, registration number 07442259. The registered office is 3 Fir Tree Close, Grays, RM17 6TY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing value
Motor vehicles
20% on reducing value
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Marvo Ltd Notes to the Accounts for the year ended 30 November 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
12,897 
356,022 
968 
369,887 
Disposals
(12,897)
(356,022)
(968)
(369,887)
At 30 November 2024
- 
- 
- 
- 
Depreciation
At 1 December 2023
5,476 
266,889 
560 
272,925 
Charge for the year
1,855 
17,826 
102 
19,783 
On disposals
(7,331)
(284,715)
(662)
(292,708)
At 30 November 2024
- 
- 
- 
- 
Net book value
At 30 November 2024
- 
- 
- 
- 
At 30 November 2023
7,421 
89,133 
408 
96,962 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
9,985 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
59,557 
Trade creditors
- 
14,219 
Taxes and social security
- 
5,765 
Other creditors
- 
11,685 
Loans from directors
10,861 
- 
Accruals
5,000 
11,798 
15,861 
103,024 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
159,357 
159,357 
Obligations under finance leases and hire purchase contracts
19,258 
19,257 
178,615 
178,614 
8
Average number of employees
During the year the average number of employees was 1 (2023: 5).
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