Marshall Excelsior Europe Limited - Accounts to registrar (filleted) - small 18.2

Marshall Excelsior Europe Limited

Audited Financial Statements for the Year Ended 31 December 2019

DIRECTORS:

C Fredberg

S Mikkelsen

REGISTERED OFFICE:

90 Brynteg Road

Gorseinon

Swansea

SA4 4FR

REGISTERED NUMBER:

08742573 (England and Wales)

SENIOR STATUTORY AUDITOR:

Nicholas Matthew Toye FCA

AUDITORS:

BPU Limited

Chartered Accountants

Statutory Auditor

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

CURRENT ASSETS

Stocks

4,120

4,658

Debtors

2

457

1,381

Cash at bank

2,304

1,241

6,881

7,280

CREDITORS

Amounts falling due within one year

3

11,467

12,205

NET CURRENT LIABILITIES

(4,586

)

(4,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,586

)

(4,925

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,686

)

(5,025

)

SHAREHOLDERS' FUNDS

(4,586

)

(4,925

)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 4 March 2020 and were signed on its behalf by:

S Mikkelsen - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received for the supply of gas

equipment, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

2.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

1,381

Other debtors & prepayments

457

-

457

1,381

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

11,456

11,715

Taxes & social security costs

-

479

Other creditors & accruals

11

11

11,467

12,205

4.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicholas Matthew Toye FCA (Senior Statutory Auditor)

for and on behalf of BPU Limited

5.	IMMEDIATE AND ULTIMATE PARENT UNDERTAKING

The company's immediate parent undertaking at the balance sheet date was KC Prosupply

Limited.

The company's ultimate parent undertaking at the balance sheet date was Al-Ayuni

Investment & Contracting Company, a company registered in Saudi Arabia.