MARIGOLD INSULATION UK LTD
Statement of financial position
as at 30 April 2019
Tangible assets
44,777
8,178
Cash at bank and in hand
10,453
2,360
Creditors: amounts falling due within one year
(48,391)
(11,830)
Net current liabilities
(22,416)
(9,470)
Net assets/(liabilities)
22,361
(1,292)
Called up share capital
100
100
Profit and loss account
22,261
(1,392)
Shareholders' funds
22,361
(1,292)
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 31 January 2020.
Tahir Niazi
Director
Company Registration No. 9566825
MARIGOLD INSULATION UK LTD
Notes to the Accounts
for the year ended 30 April 2019
MARIGOLD INSULATION UK LTD is a private company, limited by shares, registered in England and Wales, registration number 9566825. The registered office is 15A STATION ROAD, HARROW, MIDDLESEX, HA1 2UF, ENGLAND.
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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.
These financial statements for the year ended 30 April 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% Straigh Line
Fixtures & fittings
20% Straigh Line
Computer equipment
20% Straigh Line
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Tangible fixed assets
Total
Charge for the year
11,195
MARIGOLD INSULATION UK LTD
Notes to the Accounts
for the year ended 30 April 2019
5
Average number of employees
During the year the average number of employees was 2 (2018: 2).
