Marvit Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05677316

Marvit Limited

Unaudited financial statements

28 February 2026

Marvit Limited

Statement of financial position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,687		1,792

Current assets

Stocks		370,000	–
Debtors	6	15,016	448,175
Cash at bank and in hand		5,048	87,938
		---------	---------
		390,064	536,113

Creditors: Amounts falling due within one year	7	( 224,316)		( 228,468)
		---------		---------
Net current assets			165,748		307,645
			---------		---------
Total assets less current liabilities			167,435		309,437

Provisions

Taxation including deferred tax	( 422)	( 448)
	---------	---------
Net assets	167,013	308,989
	---------	---------

Capital and reserves

Called up share capital	20	20
Profit and loss account	166,993	308,969
	---------	---------
Shareholders funds	167,013	308,989
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 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 .

Marvit Limited

Statement of financial position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 11 May 2026 , and are signed on behalf of the board by:

W Sikorski

Director

Company registration number: 05677316

Marvit Limited

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Thorburn Way, London, SW19 2UL.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

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:

Motor vehicles	-	25% straight line
Office equipment	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 6 (2025: 6 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 March 2025	42,842	14,063	56,905
Additions	–	982	982
	-------	-------	-------
At 28 February 2026	42,842	15,045	57,887
	-------	-------	-------
Depreciation
At 1 March 2025	42,841	12,272	55,113
Charge for the year	–	1,087	1,087
	-------	-------	-------
At 28 February 2026	42,841	13,359	56,200
	-------	-------	-------
Carrying amount
At 28 February 2026	1	1,686	1,687
	-------	-------	-------
At 28 February 2025	1	1,791	1,792
	-------	-------	-------

6. Debtors

	2026	2025
	£	£
Trade debtors	–	76,650
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	339,324
Other debtors	15,016	32,201
	-------	---------
	15,016	448,175
	-------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	7,660	19,688
Amounts owed to group undertakings and undertakings in which the company has a participating interest	108,389	–
Social security and other taxes	3,755	50,125
Other creditors	104,512	158,655
	---------	---------
	224,316	228,468
	---------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	6,684	19,864
Later than 1 year and not later than 5 years	–	27,217
	------	-------
	6,684	47,081
	------	-------

9. Parent company

The parent company of Marvit Limited is Heromax Limited and its registered office is 7 Thorburn Way, London, United Kingdom, SW19 2UL.