Company registration number: 01494551
Unaudited financial statements
for the year ended 31 March 2025
for
Marg Sat Santokh Manufacturers Limited
Pages for filing with the Registrar
Company registration number: 01494551
Marg Sat Santokh Manufacturers Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 790,387 679,187
Investment property 5 1,064,878 1,064,878
1,855,265 1,744,065
Current assets
Stocks 108,268 115,594
Debtors 126,052 71,953
Cash at bank and in hand 598,519 483,240
832,839 670,787
Creditors: amounts falling due within one
year 		(238,460) (325,451)
Net current assets 594,379 345,336
Total assets less current liabilities 2,449,644 2,089,401
Creditors: Amounts falling due after more
than one year 		(156,745) (12,338)
Provisions for liabilities (166,262) (130,729)
NET ASSETS 2,126,637 1,946,334
Capital and reserves
Called up share capital 100,000 90,000
Share premium account 40,010 -
Profit and loss account 1,986,627 1,856,334
TOTAL EQUITY 2,126,637 1,946,334
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 01494551
Marg Sat Santokh Manufacturers Limited
Balance sheet - continued
as at 31 March 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 6 October 2025 and signed on its behalf by:
Professor M Ahluwalia KSG, OBE, Director
6 October 2025
2
Marg Sat Santokh Manufacturers Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Marg Sat Santokh Manufacturers Limited is a private company registered in England and Wales. Its registered number is 01494551. The company is limited by shares. Its registered office is 28 Soho Road, Handsworth, Birmingham, B21 9BH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold prpoerty - 2% reducing balance
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Marg Sat Santokh Manufacturers Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. 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.
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 16 (2024 - 17).
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Marg Sat Santokh Manufacturers Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 771,291 759,510 1,530,801
Additions - 187,229 187,229
Disposals - (47,946) (47,946)
At 31 March 2025 771,291 898,793 1,670,084
Depreciation
At 1 April 2024 254,472 597,142 851,614
Charge for year 9,546 40,761 50,307
Eliminated on disposal - (22,224) (22,224)
At 31 March 2025 264,018 615,679 879,697
Net book value
At 31 March 2025 507,273 283,114 790,387
At 31 March 2024 516,819 162,368 679,187
5 Investment property
£
Valuation
At 1 April 2024 1,064,878
Disposals -
At 31 March 2025 1,064,878
5