Marklin Developments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08818703

Marklin Developments Ltd

Filleted Unaudited Financial Statements

31 March 2025

Marklin Developments Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Marklin Developments Ltd

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		12,540	27,682

Current assets

Stocks		642,295	1,286,446
Debtors	6	130,230	10,042
Cash at bank and in hand		37,115	57,600
		---------	------------
		809,640	1,354,088

Creditors: amounts falling due within one year	7	( 52,345)		( 478,228)
		---------		------------
Net current assets			757,295	875,860
			---------	---------
Total assets less current liabilities			769,835	903,542

Provisions

Taxation including deferred tax	( 3,135)	( 6,921)
	---------	---------
Net assets	766,700	896,621
	---------	---------

Marklin Developments Ltd

Balance Sheet (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	3	3
Profit and loss account	766,697	896,618
	---------	---------
Shareholders funds	766,700	896,621
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

Mr M F Kennedy

Director

Company registration number: 08818703

Marklin Developments Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and Machinery	-	25% straight line
Motor Vehicles	-	25% straight line

Stocks

Stocks are measured 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 the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	40,094	68,197	108,291
Additions	553	–	553
Disposals	( 32,565)	–	( 32,565)
	--------	--------	---------
At 31 March 2025	8,082	68,197	76,279
	--------	--------	---------
Depreciation
At 1 April 2024	38,417	42,192	80,609
Charge for the year	910	14,785	15,695
Disposals	( 32,565)	–	( 32,565)
	--------	--------	---------
At 31 March 2025	6,762	56,977	63,739
	--------	--------	---------
Carrying amount
At 31 March 2025	1,320	11,220	12,540
	--------	--------	---------
At 31 March 2024	1,677	26,005	27,682
	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Other debtors	130,230	10,042
	---------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	42,087	27,979
Corporation tax	–	9,783
Social security and other taxes	1,758	2,207
Other creditors	8,500	438,259
	--------	---------
	52,345	478,228
	--------	---------

8. Directors' advances, credits and guarantees

During the year the directors had loans with the company. The loans are repayable on demand. At the start of the year the company owed them £128,251 and at the end of the year they owed the company £103,919. Interest of £271 (2024: £3,569) was accrued thereon.

9. Related party transactions

During the year, the company had a loan with a related party. At the start of the year the company owed £301,508 and there was no balance at the year end.