MARICUDA LIMITED

MARICUDA LIMITED

MARICUDA LIMITED - Company Information

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MARICUDA LIMITED

Company Registration Number:
07066277 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

MARICUDA LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

MARICUDA LIMITED

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 186 33
Total fixed assets: 186 33
Current assets
Debtors:   3 7
Cash at bank and in hand: 3,835 212
Total current assets: 3,838 219
Creditors: amounts falling due within one year: 4 (36,559) (32,037)
Net current assets (liabilities): (32,721) (31,818)
Total assets less current liabilities: (32,535) (31,785)
Creditors: amounts falling due after more than one year: 5 (17,250) (17,250)
Total net assets (liabilities): (49,785) (49,035)
Capital and reserves
Called up share capital: 2 2
Share premium account: 4,518 4,518
Profit and loss account: (54,305) (53,555)
Shareholders funds: (49,785) (49,035)

The notes form part of these financial statements

MARICUDA LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 December 2020
and signed on behalf of the board by:

Name: Mark J Duddridge
Status: Director

The notes form part of these financial statements

MARICUDA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Freehold buildings over 50 yearsPlant and machinery over 5 yearsFixtures fittings tools and equipment over 5 years

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

MARICUDA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 0 0

MARICUDA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 3,993
Additions 179
At 31 December 2019 4,172
Depreciation
At 01 January 2019 3,960
Charge for year 26
At 31 December 2019 3,986
Net book value
At 31 December 2019 186
At 31 December 2018 33

MARICUDA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Creditors: amounts falling due within one year note

Other creditors £36,559 (2018 £32,037)

MARICUDA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

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

Other creditors £17,250 (2018 £17,250)

MARICUDA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2019

6. Related party transactions

Name of the related party: M C C Industries Limited
Relationship:
A company under the control of one of the directors, Mark C Cox
Description of the Transaction: During the year loan facilities continued to be available to Maricuda Ltd, no interest was charged on this loan.
£
Balance at 01 January 2019 10,500
Balance at 31 December 2019 10,500
Name of the related party:
Relationship:
Directors
Description of the Transaction: The directors have advanced funds to the company to support its trading activities. During the year these facilities continued to be made available and no interest was charged on these loans.
£
Balance at 01 January 2019 32,037
Balance at 31 December 2019 34,559