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REGISTERED NUMBER: NI613891 (Northern Ireland)

MARSU LTD

Unaudited Financial Statements for the Year Ended 31 March 2025

MARSU LTD (REGISTERED NUMBER: NI613891)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

MARSU LTD

Company Information

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Maurice McGivern

| Sue McGivern

| REGISTERED OFFICE: | 23-27 Beechmount Avenue

| Belfast

| Co. Antrim

| BT12 7NA

| REGISTERED NUMBER: | NI613891 (Northern Ireland)

| ACCOUNTANTS: | CavanaghKelly

| Chartered Accountants

| 36-38 Northland Row

| Dungannon

| Co. Tyrone

| BT71 6AP

MARSU LTD (REGISTERED NUMBER: NI613891)

Statement of Financial Position

31 MARCH 2025

2025 | 2024 |

| Notes | £ | £

NON-CURRENT ASSETS

Tangible assets | 5 | 457,708 |  | 523,642 |  |

CURRENT ASSETS

Inventory | 6 | 156,717 |  | 160,567 |  |

Receivables | 7 | 38,200 |  | 50,884 |  |

Cash at bank and in hand | 14,219 |  | 41,308 |  |

209,136 |  | 252,759 |  |

PAYABLES

Amounts falling due within one year | 8 | (324,635 | ) | (327,560 | ) |

NET CURRENT LIABILITIES | (115,499 | ) | (74,801 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 342,209 |  | 448,841 |  |

PAYABLES

Amounts falling due after more than one year | 9 | (202,178 | ) | (215,921 | ) |

PROVISIONS FOR LIABILITIES | (138,985 | ) | (173,900 | ) |

NET ASSETS | 1,046 |  | 59,020 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 2 |  | 2 |  |

Retained earnings | 1,044 |  | 59,018 |  |

SHAREHOLDERS' FUNDS | 1,046 |  | 59,020 |  |

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 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.

MARSU LTD (REGISTERED NUMBER: NI613891)

Statement of Financial Position - continued

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:

Maurice McGivern - Director

Sue McGivern - Director

MARSU LTD (REGISTERED NUMBER: NI613891)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Marsu Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

| The accounting policies detailed below have been applied consistently throughout the year.

| Revenue

| The revenue shown in the Income Statement represents amounts received from sales of groceries to consumers in the normal course of business. Revenue is recognised upon completion of transaction with customers.

| Property, plant and equipment

| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

| Freehold property |  | - 2% Straight Line |  |

| Fixtures and fittings |  | - 25% Straight Line |  |

| The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

| Inventories

| Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.

| Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

| Taxation

| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to Income Statement in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand and deposits held at call with banks.

MARSU LTD (REGISTERED NUMBER: NI613891)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Cash flow statement

| The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

| Share capital

| Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 43 ) .

5. | PROPERTY, PLANT AND EQUIPMENT

Fixtures |

Freehold | and |

property | fittings | Totals |

| £ | £ | £

| COST

| At 1 April 2024 | 426,484 |  | 451,151 |  | 877,635 |  |

| Additions | - |  | 637 |  | 637 |  |

| At 31 March 2025 | 426,484 |  | 451,788 |  | 878,272 |  |

| DEPRECIATION

| At 1 April 2024 | 55,375 |  | 298,618 |  | 353,993 |  |

| Charge for year | 8,530 |  | 58,041 |  | 66,571 |  |

| At 31 March 2025 | 63,905 |  | 356,659 |  | 420,564 |  |

| NET BOOK VALUE

| At 31 March 2025 | 362,579 |  | 95,129 |  | 457,708 |  |

| At 31 March 2024 | 371,109 |  | 152,533 |  | 523,642 |  |

6. | INVENTORY

2025 | 2024 |

| £ | £

| Inventories | 156,717 |  | 160,567 |  |

7. | RECEIVABLES

2025 | 2024 |

| £ | £

| Trade receivables | 28,503 |  | 49,595 |  |

| Other receivables | 9,697 |  | 1,289 |  |

38,200 |  | 50,884 |  |

8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans and overdrafts (see note 10) | 37,638 |  | 29,763 |  |

| Hire purchase contracts | 5,160 |  | 5,160 |  |

| Trade payables | 214,242 |  | 231,757 |  |

| Taxation and social security | 51,026 |  | 45,962 |  |

| Other payables | 16,569 |  | 14,918 |  |

324,635 |  | 327,560 |  |

MARSU LTD (REGISTERED NUMBER: NI613891)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| The bank overdraft and loans are secured by the company.

9. | PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR |

2025 | 2024 |

| £ | £

| Bank loans (see note 10) | 194,748 |  | 203,331 |  |

| Hire purchase contracts | 7,430 |  | 12,590 |  |

202,178 |  | 215,921 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

| £ | £

| Amounts falling due within one year or on demand:

| Bank overdrafts | 7,875 |  | - |  |

| Bank loans | 29,763 |  | 29,763 |  |

37,638 |  | 29,763 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 194,748 |  | 203,331 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 1 | Ordinary A Shares | 1 | 2 |  | 1 |  |

| 1 | Ordinary B Shares | 1 | - |  | 1 |  |

2 |  | 2 |  |

12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the year end, there was a balance of £7,994 (2023: £12,822) owed to the director by the company.