Company No: 04730754 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	2,816		4,820
Tangible assets	4	3,507		4,389
Investments	5	250,000		250,000
		256,323		259,209
Current assets
Stocks		216,030		95,126
Debtors	6	365,541		645,571
Cash at bank and in hand		367,876		74,073
		949,447		814,770
Creditors: amounts falling due within one year	7	( 500,439)		( 456,010)
Net current assets		449,008		358,760
Total assets less current liabilities		705,331		617,969
Creditors: amounts falling due after more than one year	8	( 238,194)		( 140,249)
Net assets		467,137		477,720
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		467,037		477,620
Total shareholders' funds		467,137		477,720

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Marlico Limited (registered number: 04730754) were approved and authorised for issue by the Director on 29 April 2026. They were signed on its behalf by:

Mr M A Crump Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marlico Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Winslade House, Manor Drive Clyst St Mary, Exeter, EX5 1FY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the value of goods and services provided to date can be reliably measured.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Fixtures and fittings	6.67 years straight line
Office equipment	4 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 May 2024	20,042		20,042
At 30 April 2025	20,042		20,042
Accumulated amortisation
At 01 May 2024	15,222		15,222
Charge for the financial year	2,004		2,004
At 30 April 2025	17,226		17,226
Net book value
At 30 April 2025	2,816		2,816
At 30 April 2024	4,820		4,820

4. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 May 2024	2,108		11,741		13,849
Additions	517		399		916
At 30 April 2025	2,625		12,140		14,765
Accumulated depreciation
At 01 May 2024	500		8,960		9,460
Charge for the financial year	394		1,404		1,798
At 30 April 2025	894		10,364		11,258
Net book value
At 30 April 2025	1,731		1,776		3,507
At 30 April 2024	1,608		2,781		4,389

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 May 2024	250,000
At 30 April 2025	250,000
Carrying value at 30 April 2025	250,000
Carrying value at 30 April 2024	250,000

6. Debtors

	2025		2024
	£		£
Trade debtors	94,443		270,274
Amounts owed by associates	3,758		99,960
Amounts owed by director	128,146		96,551
Prepayments	26,120		15,754
VAT recoverable	9,711		4,114
Other debtors	103,363		158,918
	365,541		645,571

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured £ 42,570)	52,981		79,402
Trade creditors	295,160		133,552
Amounts owed to associates	73,275		69,502
Accruals and deferred income	8,517		85,764
Corporation tax	70,506		87,790
	500,439		456,010

Security is given on the company's loans and borrowings by a charge held over all assets of the company.

Certain loans are secured with a floating fixed charge over the company's property.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	238,194		140,249

Security is given on the company's loans and borrowings by a charge held over all assets of the company.

Certain loans are secured with a floating fixed charge over the company's property.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
At 1 May 2024	96,551		191,146
Advances to directors	180,703		246,255
Repayments by directors	(149,108)		(340,850)
At 30 April 2025	128,146		96,551

During the year, the company operated a loan account with its director. The loan is repayable on demand and interest is charged on balances over £10,000 at the rate stipulated by HMRC.