REGISTERED NUMBER: NI613891 (Northern Ireland)

MARSU LTD

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Maurice McGivern

Sue McGivern

REGISTERED OFFICE:

23-27 Beechmount Avenue

Belfast

Co. Antrim

BT12 7NA

REGISTERED NUMBER:

NI613891 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Tangible assets

5

443,882

457,708

CURRENT ASSETS

Inventory

6

195,899

156,717

Receivables

7

28,657

38,200

Cash at bank and in hand

6,419

14,219

230,975

209,136

PAYABLES

Amounts falling due within one year

8

(326,863

)

(324,635

)

NET CURRENT LIABILITIES

(95,888

)

(115,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

347,994

342,209

PAYABLES

Amounts falling due after more than one year

9

(214,008

)

(202,178

)

PROVISIONS FOR LIABILITIES

(103,985

)

(138,985

)

NET ASSETS

30,001

1,046

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

29,999

1,044

SHAREHOLDERS' FUNDS

30,001

1,046

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 28 May 2026 and were signed on its behalf by:

Maurice McGivern - Director

Sue McGivern - Director

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.

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 NIL (2025 - 35 ).

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

426,484

451,788

-

878,272

Additions

-

2,139

39,848

41,987

At 31 March 2026

426,484

453,927

39,848

920,259

DEPRECIATION

At 1 April 2025

63,905

356,659

5,977

426,541

Charge for year

8,530

41,306

-

49,836

At 31 March 2026

72,435

397,965

5,977

476,377

NET BOOK VALUE

At 31 March 2026

354,049

55,962

33,871

443,882

At 31 March 2025

362,579

95,129

(5,977

)

451,731

6.

INVENTORY

2026

2025

£

£

Inventories

195,899

156,717

7.	RECEIVABLES

2026

2025

£

£

Trade receivables

26,613

28,503

Other receivables

2,044

9,697

28,657

38,200

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 10)

29,763

37,638

Hire purchase contracts

12,360

5,160

Trade payables

215,707

214,242

Taxation and social security

46,395

51,026

Other payables

22,638

16,569

326,863

324,635

The bank overdraft and loans are secured by the company.

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2026

2025

£

£

Bank loans (see note 10)

183,290

194,748

Hire purchase contracts

30,718

7,430

214,008

202,178

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

7,875

Bank loans

29,763

29,763

29,763

37,638

Amounts falling due between one and two years:

Bank loans - 1-2 years

183,290

194,748

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary A Shares

1

2

2

1

Ordinary B Shares

1

-

-

2

2

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, there was a balance of £18,321 (2025: £7,994) owed to the director by the company.