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REGISTERED NUMBER: 08779240 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 November 2024

for

Marikal Limited

Marikal Limited (Registered number: 08779240)






Contents of the Financial Statements
for the Year Ended 28 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marikal Limited

Company Information
for the Year Ended 28 November 2024







DIRECTOR: R G Marsden





REGISTERED OFFICE: The Old School
Simpson Street
Sunderland
SR4 6DR





REGISTERED NUMBER: 08779240 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Marikal Limited (Registered number: 08779240)

Balance Sheet
28 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,369 11,198

CURRENT ASSETS
Stocks 286,896 286,896
Debtors 5 130,197 146,915
Cash at bank 339 122
417,432 433,933
CREDITORS
Amounts falling due within one year 6 (435,473 ) (378,974 )
NET CURRENT (LIABILITIES)/ASSETS (18,041 ) 54,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,672

)

66,157

CREDITORS
Amounts falling due after more than one
year

7

(6,667

)

(16,667

)
NET (LIABILITIES)/ASSETS (16,339 ) 49,490

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (16,439 ) 49,390
SHAREHOLDERS' FUNDS (16,339 ) 49,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Marikal Limited (Registered number: 08779240)

Balance Sheet - continued
28 November 2024


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 director and authorised for issue on 28 August 2025 and were signed by:





R G Marsden - Director


Marikal Limited (Registered number: 08779240)

Notes to the Financial Statements
for the Year Ended 28 November 2024

1. STATUTORY INFORMATION

Marikal 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.

There were no material departures from the standard.

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.

Going concern
The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However, the validity of the going concern basis is dependent upon the company's ability to continue to operate with the support of the directors of the company. If the company is unable to continue to trade, adjustments would be required to reduce the value of the assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue is recognised as work is completed and any unbilled income is recognised as work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Marikal Limited (Registered number: 08779240)

Notes to the Financial Statements - continued
for the Year Ended 28 November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
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 year 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 29 November 2023
and 28 November 2024 47,427 667 48,094
DEPRECIATION
At 29 November 2023 36,641 255 36,896
Charge for year 2,696 133 2,829
At 28 November 2024 39,337 388 39,725
NET BOOK VALUE
At 28 November 2024 8,090 279 8,369
At 28 November 2023 10,786 412 11,198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 525 525
Other debtors 129,672 131,660
Prepayments - 14,730
130,197 146,915

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 354,500 354,500
Trade creditors 951 -
Other creditors 48,569 10,069
Directors' current accounts 28,833 12,655
Accruals and deferred income 2,620 1,750
435,473 378,974

Marikal Limited (Registered number: 08779240)

Notes to the Financial Statements - continued
for the Year Ended 28 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 6,667
6,667 16,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 344,500 344,500

Bank loans are secured by a fixed and floating charge over the freehold property of the company, held within stock.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted at a market rate.

There were no related party transactions other than those concluded under normal market condition, except for those shown below:

2024 2023
£ £
Amounts due to directors 28,833 12,655
No interest has been charged.