MARSON IMPORTS LIMITED - Filleted accounts

Registered number

03019168

MARSON IMPORTS LIMITED

Filleted Accounts

30 June 2025

MARSON IMPORTS LIMITED
Registered number:		03019168
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		270,463			306,214

Current assets
Stocks		28,533			31,341
Debtors	4	416,101			454,294
Cash at bank and in hand		273,213			291,899
		717,847			777,534

Creditors: amounts falling due within one year	5	(159,289)			(206,810)

Net current assets			558,558			570,724

Total assets less current liabilities			829,021			876,938

Creditors: amounts falling due after more than one year	6		(126,702)			(168,490)



Net assets			702,319			708,448

Capital and reserves
Called up share capital			1			1
Profit and loss account			702,318			708,447

Shareholders' funds			702,319			708,448

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A B Fagelson
Director
Approved by the board on 10 November 2025

MARSON IMPORTS LIMITED
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 3-5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	380,953		28,965		40,925		450,843
	Disposals	-		-		(40,925)		(40,925)
	At 30 June 2025	380,953		28,965		-		409,918

	Depreciation
	At 1 July 2024	102,870		28,965		12,794		144,629
	Charge for the year	7,620		-		4,102		11,722
	On disposals	-		-		(16,896)		(16,896)
	At 30 June 2025	110,490		28,965		-		139,455

	Net book value
	At 30 June 2025	270,463		-		-		270,463
	At 30 June 2024	278,083		-		28,131		306,214


4	Debtors					2025		2024
£							£

	Trade debtors					240,795		279,088
	Other debtors					175,306		175,206
						416,101		454,294


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					22,540		22,084
	Obligations under finance lease and hire purchase contracts					-		6,759
	Trade creditors					53,043		69,068
	Taxation and social security costs					56,421		89,750
	Other creditors					27,285		19,149
						159,289		206,810


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					126,702		145,246
	Obligations under finance lease and hire purchase contracts					-		23,244
						126,702		168,490


7	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					68,970		78,546


	Secured bank loans					131,624		138,971

	The bank loan is secured on the company's freehold property.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	A B Fagelson
	Interest free and repayable on demand	69,496		-		-		69,496

	A S Fagelson
	Interest free and repayable on demand	69,496		-		-		69,496

		138,992		-		-		138,992


9	Related party transactions					2025		2024
£							£
	IB Fagelson and Mrs JL Fagelson - shareholders and directors
	Loans to the company					8,038		7,077

10	Controlling party

	The company is controlled by I B Fagelson and Mrs J L Fagelson.


11	Other information

	MARSON IMPORTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 17 The High Cross Centre
	Fountayne Road
	London
	N15 4QN