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Registered number: 12036491
Marko Consultancy and Fitness Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2022
Andrew Keates & Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12036491
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,096 53,401
42,096 53,401
CURRENT ASSETS
Cash at bank and in hand 86,697 108,333
86,697 108,333
Creditors: Amounts Falling Due Within One Year 5 (55,729 ) (69,681 )
NET CURRENT ASSETS (LIABILITIES) 30,968 38,652
TOTAL ASSETS LESS CURRENT LIABILITIES 73,064 92,053
Creditors: Amounts Falling Due After More Than One Year 6 (43,982 ) (43,982 )
NET ASSETS 29,082 48,071
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 29,081 48,070
SHAREHOLDERS' FUNDS 29,082 48,071
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For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marko Doknic
Director
31/12/2022
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marko Consultancy and Fitness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12036491 . The registered office is Clock Tower House, Trueman Street, Liverpool, L3 2BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on written down value
Computer Equipment 33 % Straight Line Method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2021: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2021 66,251 11,500 77,751
As at 30 June 2022 66,251 11,500 77,751
Depreciation
As at 1 July 2021 16,444 7,906 24,350
Provided during the period 7,471 3,834 11,305
As at 30 June 2022 23,915 11,740 35,655
Net Book Value
As at 30 June 2022 42,336 (240 ) 42,096
As at 1 July 2021 49,807 3,594 53,401
5. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 19,662 19,598
Bank loans and overdrafts 5,556 5,556
Corporation tax 3,820 2,572
Accruals and deferred income 8,899 7,699
Director's loan account 17,792 34,256
55,729 69,681
6. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans 43,982 43,982
7. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 1 1
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