Marott Graphic Services (UK) Limited

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Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Marott Graphic Services (UK) Limited for the year ended 31 December 2024 which comprise the profit and loss account and balance sheet from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants of Scotland, I am subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the Board of Directors of Marott Graphic Services (UK) Limited, as a body, in accordance with the terms of my engagement letter dated 21 May 2024. My work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, I do not accept responsibility to anyone other than Marott Graphic Services (UK) Limited and its Board of Directors as a body for my work or for this report.

I have not been instructed to carry out an audit or a review of the accounts of Marott Graphic Services (UK) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the financial statements.

Michele-Ange Anderson

19/09/2025

Lothian Accounting Limited (SC556470)

3 Priory Gate

North Berwick

EH39 4SA

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Marott Graphic Services (UK) Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: SC120991

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		501,113		520,478

			501,113		520,478
CURRENT ASSETS
Stocks	5	176,467		196,878
Debtors	6	187,496		123,956
Cash at bank and in hand		792,819		846,951

		1,156,782		1,167,785
Creditors: Amounts Falling Due Within One Year	7	(160,593 )		(108,139 )

NET CURRENT ASSETS (LIABILITIES)			996,189		1,059,646

TOTAL ASSETS LESS CURRENT LIABILITIES			1,497,302		1,580,124

Creditors: Amounts Falling Due After More Than One Year	8		(15,303 )		(68,977 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(116,605 )		(119,323 )

NET ASSETS			1,365,394		1,391,824

CAPITAL AND RESERVES
Called up share capital	10		400		400
Profit and Loss Account			1,364,994		1,391,424

SHAREHOLDERS' FUNDS			1,365,394		1,391,824

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Marott Graphic Services (UK) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Scott Sutherland

Director

19/09/2025

The notes on pages 4 to 8 form part of these financial statements.

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Marott Graphic Services (UK) Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Marott Graphic Services (UK) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC120991 . The registered office is Spott Road Industrial Estate, Dunbar, East Lothian, EH42 1RS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the company

and rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and Buildings	50 years straight line
Leasehold	25 years straight line
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.4. Leasing and Hire Purchase Contracts

The Company as lessee

Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance

Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and

Loss Account as described below.

Non-financial assets

At each balance sheet date, the company reviews its tangible and intangible assets to determine whether

there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the

...CONTINUED

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Marott Graphic Services (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. Leasing and Hire Purchase Contracts - continued

extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less

costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to

their present value using a pre-tax discount rate that reflects current market assessments of the time value of

money and the risks specific to the asset for which the estimates of future cash flows have not been

adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates

the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is

recognised immediately in profit or loss.

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

2.6. Financial Instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the

contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a

legally enforceable right to set off the recognised amounts and the company intends either to settle on a net

basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one

year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction

price.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of cash or other resources received

or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the

initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as

liabilities once they are no longer at the discretion of the company.

2.7. Foreign Currencies

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

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Marott Graphic Services (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation

Current tax

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax

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 financial statements. 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.

2.9. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks.

2.10. Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a

past event, it is probable that the company will be required to settle that obligation and a reliable estimate

can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present

obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the

obligation.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

4. Tangible Assets

	Land & Property
	Land and Buildings	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	531,826	23,524	151,553	93,002
Additions	-	-	25,970	-
Disposals	-	-	(15,500 )	-

As at 31 December 2024	531,826	23,524	162,023	93,002

Depreciation
As at 1 January 2024	144,125	1,196	118,434	25,419
Provided during the period	10,637	941	7,290	16,895
Disposals	-	-	(6,736 )	-

As at 31 December 2024	154,762	2,137	118,988	42,314

Net Book Value
As at 31 December 2024	377,064	21,387	43,035	50,688

As at 1 January 2024	387,701	22,328	33,119	67,583

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Marott Graphic Services (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	62,417	38,934	901,256
Additions	1,285	466	27,721
Disposals	-	-	(15,500 )

As at 31 December 2024	63,702	39,400	913,477

Depreciation
As at 1 January 2024	56,116	35,488	380,778
Provided during the period	1,355	1,204	38,322
Disposals	-	-	(6,736 )

As at 31 December 2024	57,471	36,692	412,364

Net Book Value
As at 31 December 2024	6,231	2,708	501,113

As at 1 January 2024	6,301	3,446	520,478

5. Stocks

	2024	2023
	£	£
Stock	176,467	196,878

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	162,947	103,619
Prepayments and accrued income	9,059	11,618
Other debtors	722	6,849
VAT	14,768	1,870

	187,496	123,956

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	52,668	11,933
Trade creditors	30,466	24,817
Corporation tax	15,677	12,886
Other taxes and social security	13,591	13,034
Other creditors	23,830	23,765
Accruals and deferred income	19,001	17,707
Directors' loan accounts	5,360	3,997

	160,593	108,139

Comparative figures have been reclassified between creditors due within one year and creditors due after more than one year to conform with the current year's presentation. There has been no impact on net assets or profit for the prior year.

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Marott Graphic Services (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	50,759
Other creditors	15,303	18,218

	15,303	68,977

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	52,668	11,933
Later than one year and not later than five years	-	50,759

	52,668	62,692

	52,668	62,692

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	400	400

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