REGISTERED NUMBER: 10655610 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2025

for

Marcalex Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Cavanagh

Miss K V Cavanagh

SECRETARY:

Miss K V Cavanagh

REGISTERED OFFICE:

Unit 2, Cobblestone Park

Foster Street

Hull

HU8 8BT

REGISTERED NUMBER:

10655610 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

4 Old Market Place

Ripon

North Yorkshire

HG4 1EQ

FIXED ASSETS

Intangible assets

4

667

4,667

Tangible assets

5

42,443

8,283

43,110

12,950

CURRENT ASSETS

Stocks

6

121,821

125,250

Debtors

7

516,841

149,962

Cash at bank

14,097

17,039

652,759

292,251

CREDITORS

Amounts falling due within one year

8

428,758

285,380

NET CURRENT ASSETS

224,001

6,871

TOTAL ASSETS LESS CURRENT LIABILITIES

267,111

19,821

CREDITORS

Amounts falling due after more than one year

9

(26,098

)

(18,708

)

PROVISIONS FOR LIABILITIES

12

(10,136

)

-

NET ASSETS

230,877

1,113

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

230,777

1,013

SHAREHOLDERS' FUNDS

230,877

1,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd August 2025 and were signed on its behalf by:

Miss K V Cavanagh - Director

1.	STATUTORY INFORMATION

Marcalex Services 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover and other income

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

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Revenue recognition for rendering of insulation services:

When the outcome of a transaction can be estimated reliably, turnover from insulation services is recognised. It is usual for an invoice to be raised when the service, or an identifiable stage of the service, has been completed. Revenue is usually recognised at the date when an invoice is issued to the customer. Services to customers, which at the balance sheet date have not been invoiced, are recognised as revenue based on the stage of completion. Stage of completion is measured by reference to the proportion of the service contract that has been completed at the balance sheet.

Intangible assets - goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The goodwill that was acquired on 31 May 2022 is being amortised over three years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Property improvements Straight line basis over three years

Plant and machinery Straight line basis over three years

Motor vehicles Straight line basis over four years

Computer equipment Straight line basis over three years

Stocks

Stock is comprised of materials that have been purchased for the use in delivering insulation services. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work-in-progress

Work-in-progress comprises time costs, materials and disbursements that have been incurred under service contracts that have not been invoiced to customers at the balance sheet date. Work-in-progress is valued at the lower of cost and estimated fee chargeable less costs expected to be incurred to completion.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Interest receivable

Interest income is recognised using the effective interest method.

Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

12,000

AMORTISATION

At 1st April 2024

7,333

Amortisation for year

4,000

At 31st March 2025

11,333

NET BOOK VALUE

At 31st March 2025

667

At 31st March 2024

4,667

5.	TANGIBLE FIXED ASSETS

Improvements

Plant and

Motor

Computer

to property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st April 2024

-

9,000

8,830

-

17,830

Additions

3,260

-

38,664

1,214

43,138

Grants

(1,630

)

-

-

(582

)

(2,212

)

At 31st March 2025

1,630

9,000

47,494

632

58,756

DEPRECIATION

At 1st April 2024

-

5,500

4,047

-

9,547

Charge for year

543

3,000

3,013

210

6,766

At 31st March 2025

543

8,500

7,060

210

16,313

NET BOOK VALUE

At 31st March 2025

1,087

500

40,434

422

42,443

At 31st March 2024

-

3,500

4,783

-

8,283

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

42,535

26,717

Work-in-progress

79,286

98,533

121,821

125,250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

498,168

132,728

Prepayments and accrued income

18,673

17,234

516,841

149,962

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

39,072

Hire purchase contracts (see note 10)

20,298

-

Trade creditors

112,476

118,099

Corporation Tax

75,448

8,367

Social security and other taxes

141,179

53,803

Other creditors

21,537

1,000

Directors' current accounts

-

44,239

Accrued expenses

57,820

20,800

428,758

285,380

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 10)

26,098

-

Directors loan account

-

18,708

26,098

18,708

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.3.25

31.3.24

£

£

Gross obligations repayable:

Within one year

21,915

-

Between one and five years

30,948

-

52,863

-

Finance charges repayable:

Within one year

1,617

-

Between one and five years

4,850

-

6,467

-

Net obligations repayable:

Within one year

20,298

-

Between one and five years

26,098

-

46,396

-

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

19,097

18,660

Between one and five years

22,665

41,762

41,762

60,422

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Invoice factoring account

-

39,072

The Invoice factoring facility is secured against customer invoices under the terms of the invoice factoring guarantee.

12.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

10,136

-

Deferred tax

£

Accelerated capital allowances

10,136

Balance at 31st March 2025

10,136

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100