Marco Apparel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06337797 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

Marco Apparel Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

166

166

Investment property

5

797,201

797,201

797,367

797,367

CURRENT ASSETS

Debtors

6

338,518

271,903

CREDITORS

Amounts falling due within one year

7

3,120

1,250

NET CURRENT ASSETS

335,398

270,653

TOTAL ASSETS LESS CURRENT LIABILITIES

1,132,765

1,068,020

PROVISIONS FOR LIABILITIES

11,326

11,326

NET ASSETS

1,121,439

1,056,694

CAPITAL AND RESERVES

Called up share capital

166

166

Retained earnings

1,121,273

1,056,528

SHAREHOLDERS' FUNDS

1,121,439

1,056,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2020 and were signed on its behalf by:

T R Ahmed - Director

1.	STATUTORY INFORMATION

Marco Apparel Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

06337797

Registered office:

81 Newton Street

Manchester

M1 1EX

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property, which is property held to earn rentals or for capital appreciation, is measured using the

fair value model and stated at fair value at the balance sheet date. Any surplus or deficit on revaluation is

included in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

and 30 June 2019

166

NET BOOK VALUE

At 30 June 2019

166

At 30 June 2018

166

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2018

and 30 June 2019

797,201

NET BOOK VALUE

At 30 June 2019

797,201

At 30 June 2018

797,201

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by participating interests

63,749

63,749

Other debtors

274,769

208,154

338,518

271,903

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

3,120

1,250

8.	INVESTMENT PROPERTY

The legal title of the investment property is held on behalf of the company by the directors.