Marisco Electricals Limited

Marisco Electricals Limited

MARISCO ELECTRICALS LIMITED - Company Information

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1 May 2018 false No description of principal activity Taxfiler 2019.12.Web 10113519business:PrivateLimitedCompanyLtd2018-05-012019-04-30 101135192018-04-30 101135192018-05-012019-04-30 10113519business:AuditExempt-NoAccountantsReport2018-05-012019-04-30 10113519business:FullAccounts2018-05-012019-04-30 101135192019-04-30 10113519business:Director12018-05-012019-04-30 10113519business:Director22018-05-012019-04-30 10113519business:Director42018-05-012019-04-30 10113519business:RegisteredOffice2018-05-012019-04-30 101135192018-04-30 10113519core:WithinOneYear2019-04-30 10113519core:WithinOneYear2018-04-30 10113519core:AfterOneYear2019-04-30 10113519core:AfterOneYear2018-04-30 10113519core:ShareCapital2019-04-30 10113519core:ShareCapital2018-04-30 10113519core:RetainedEarningsAccumulatedLosses2019-04-30 10113519core:RetainedEarningsAccumulatedLosses2018-04-30 10113519business:SmallEntities2018-05-012019-04-30 10113519countries:EnglandWales2018-05-012019-04-30 10113519core:MotorVehicles2018-05-012019-04-30 10113519core:ComputerEquipment2018-05-012019-04-30 10113519core:MotorVehicles2018-04-30 10113519core:ComputerEquipment2018-04-30 10113519core:MotorVehicles2019-04-30 10113519core:ComputerEquipment2019-04-30 10113519core:MotorVehiclescore:LeasedAssetsHeldAsLessee2019-04-30 10113519core:MotorVehiclescore:LeasedAssetsHeldAsLessee2018-04-30 101135192017-05-012018-04-30 iso4217:GBP xbrli:pure
Company Registration No. 10113519 (England and Wales)
Marisco Electricals Limited Unaudited accounts for the year ended 30 April 2019
Marisco Electricals Limited Unaudited accounts Contents
Page
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Marisco Electricals Limited Company Information for the year ended 30 April 2019
Directors
Samuel Woodhams Samuel Richard Clover Ralph Elliott-King
Company Number
10113519 (England and Wales)
Registered Office
UNIT 5 ELLIOTT ROAD WEST HOWE INDUSTRIAL ESTATE BOURNEMOUTH DORSET BH11 8JY UNITED KINGDOM
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Marisco Electricals Limited Statement of financial position as at 30 April 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
22,615 
23,591 
Current assets
Inventories
5
1,500 
2,000 
Debtors
6
194,281 
149,152 
Cash at bank and in hand
114 
1,914 
195,895 
153,066 
Creditors: amounts falling due within one year
7
(145,331)
(112,424)
Net current assets
50,564 
40,642 
Total assets less current liabilities
73,179 
64,233 
Creditors: amounts falling due after more than one year
8
(8,793)
(16,777)
Provisions for liabilities
Deferred tax
(4,297)
(4,491)
Net assets
60,089 
42,965 
Capital and reserves
Called up share capital
9 
4 
Profit and loss account
60,080 
42,961 
Shareholders' funds
60,089 
42,965 
For the year ending 30 April 2019 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 January 2020.
Samuel Woodhams Director Company Registration No. 10113519
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Marisco Electricals Limited Notes to the Accounts for the year ended 30 April 2019
1
Statutory information
Marisco Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 10113519. The registered office is UNIT 5 ELLIOTT ROAD, WEST HOWE INDUSTRIAL ESTATE, BOURNEMOUTH, DORSET, BH11 8JY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2018
39,141 
2,800 
41,941 
Additions
- 
6,563 
6,563 
At 30 April 2019
39,141 
9,363 
48,504 
Depreciation
At 1 May 2018
17,125 
1,225 
18,350 
Charge for the year
5,504 
2,035 
7,539 
At 30 April 2019
22,629 
3,260 
25,889 
Net book value
At 30 April 2019
16,512 
6,103 
22,615 
At 30 April 2018
22,016 
1,575 
23,591 
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Marisco Electricals Limited Notes to the Accounts for the year ended 30 April 2019
2019 
2018 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
16,512 
22,016 
5
Inventories
2019 
2018 
£ 
£ 
Work in progress
1,500 
2,000 
1,500 
2,000 
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
194,281 
149,152 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Obligations under finance leases and hire purchase contracts
8,831 
8,831 
Trade creditors
44,961 
36,565 
Taxes and social security
65,538 
48,917 
Other creditors
1,889 
18,111 
Loans from directors
24,112 
- 
145,331 
112,424 
8
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Obligations under finance leases and hire purchase contracts
8,793 
16,777 
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Marisco Electricals Limited Notes to the Accounts for the year ended 30 April 2019
9
Transactions with related parties
The company was under the control of the four directors as equal shareholders. Samuel Samuel Woodhams Clover £ £ Credit balance at the start of year 12,290 2,302 Movement during the year 2,000 2,000 ------ ------- Credit balance at the end of the year 14,290 4,302 ------ ------- Richard Ralph Clover Elliott-King £ £ Credit balance at the start of year 0 3,519 Movement during the year 0 2,000 ------ ------- Credit balance at the end of the year 0 5,519 ------ ------- The Company made sales of £566,933 (2018 - £538,360) to Marisco South Ltd during the year in which Samuel Clover is a director and shareholder with a controlling interest.
10
Average number of employees
During the year the average number of employees was 13 (2018: 9).
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