MARCO POLO ENTERPRISES LIMITED


MARCO POLO ENTERPRISES LIMITED

Company Registration Number:
04556303 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2019

Period of accounts

Start date: 1 April 2018

End date: 31 March 2019

MARCO POLO ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MARCO POLO ENTERPRISES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2019

2019 2018


£

£
Turnover: 3,008,194 2,800,995
Cost of sales: ( 2,759,654 ) ( 2,578,224 )
Gross profit(or loss): 248,540 222,771
Administrative expenses: ( 28,425 ) ( 26,620 )
Operating profit(or loss): 220,115 196,151
Interest payable and similar charges: ( 12,536 ) ( 12,754 )
Profit(or loss) before tax: 207,579 183,397
Tax: ( 40,366 ) ( 35,767 )
Profit(or loss) for the financial year: 167,213 147,630

MARCO POLO ENTERPRISES LIMITED

Balance sheet

As at 31 March 2019

Notes 2019 2018


£

£
Fixed assets
Tangible assets: 2 417,917 422,917
Total fixed assets: 417,917 422,917
Current assets
Stocks: 3 40,269 35,741
Debtors: 4 660,021 710,306
Cash at bank and in hand: 358,627 168,305
Total current assets: 1,058,917 914,352
Creditors: amounts falling due within one year: 5 ( 233,312 ) ( 206,964 )
Net current assets (liabilities): 825,605 707,388
Total assets less current liabilities: 1,243,522 1,130,305
Creditors: amounts falling due after more than one year: 6 ( 418,657 ) ( 472,652 )
Total net assets (liabilities): 824,865 657,653
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 824,864 657,652
Total Shareholders' funds: 824,865 657,653

The notes form part of these financial statements

MARCO POLO ENTERPRISES LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 30 November 2019
and signed on behalf of the board by:

Name: TAVI THEVARAJAH
Status: Director

The notes form part of these financial statements

MARCO POLO ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for rental and fuel sales net of value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost or valuation, less residual values,of tangible fixed assets over their estimated useful lives as follows:Freehold land and building - 1% per annum at costFixtures and fittings - 20% per annum at cost

MARCO POLO ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2018 500,000 42,447 542,447
Additions
Disposals
Revaluations
Transfers
At 31 March 2019 500,000 42,447 542,447
Depreciation
At 1 April 2018 77,083 42,447 119,530
Charge for year 5,000 5,000
On disposals
Other adjustments
At 31 March 2019 82,083 42,447 124,530
Net book value
At 31 March 2019 417,917 0 417,917
At 31 March 2018 422,917 0 422,917

MARCO POLO ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Stocks

2019 2018
£ £
Stocks 40,269 35,741
Total 40,269 35,741

MARCO POLO ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

4. Debtors

2019 2018
£ £
Trade debtors 50,285
Prepayments and accrued income 5,000 5,000
Other debtors 655,021 655,021
Total 660,021 710,306

MARCO POLO ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

5. Creditors: amounts falling due within one year note

2019 2018
£ £
Bank loans and overdrafts 53,777 53,559
Trade creditors 95,312 78,048
Taxation and social security 49,203 40,337
Other creditors 35,020 35,020
Total 233,312 206,964

MARCO POLO ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

6. Creditors: amounts falling due after more than one year note

2019 2018
£ £
Bank loans and overdrafts 323,068 377,063
Other creditors 95,589 95,589
Total 418,657 472,652