Marjolo Partners Ltd Filleted accounts for Companies House (small and micro)
Marjolo Partners Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09907013
|
|
|
|
Statement of financial position |
2020 |
2019 |
|||
Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
|
– |
||
Tangible assets |
6 |
|
|
||
------- |
------ |
||||
|
|
||||
Current assets
Debtors |
7 |
|
|
||
Cash at bank and in hand |
|
|
|||
--------- |
--------- |
||||
|
|
||||
Creditors: amounts falling due within one year |
8 |
(
|
(
|
||
--------- |
--------- |
||||
Net current (liabilities)/assets |
(
|
|
|||
------- |
------- |
||||
Total assets less current liabilities |
(
|
|
|||
Creditors: amounts falling due after more than one year |
9 |
– |
(
|
||
------- |
------- |
||||
Net (liabilities)/assets |
(
|
|
|||
------- |
------- |
||||
Capital and reserves
Called up share capital |
10 |
|
|
||
Profit and loss account |
(
|
|
|||
------- |
------ |
||||
Shareholders funds |
(
|
|
|||
------- |
------ |
||||
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of financial position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 January 2021
, and are signed on behalf of the board by:
|
Director |
Company registration number:
09907013
|
Notes to the financial statements |
year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales (no
09907013
). The address of the registered office is Electric Works, Sheffield Digital Campus, Sheffield, South Yorkshire, S1 2BJ, England. The principal activity of the company was management consultancy.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.
Turnover
Taxation
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Development costs
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
|
|
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2019:
7
).
5.
Intangible assets
Development costs |
Website |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
Additions |
|
13,014 |
|
------- |
------- |
------- |
|
At 31 March 2020 |
|
13,014 |
|
------- |
------- |
------- |
|
Amortisation |
|||
At 1 April 2019 and 31 March 2020 |
– |
– |
– |
------- |
------- |
------- |
|
Carrying amount |
|||
At 31 March 2020 |
|
13,014 |
|
------- |
------- |
------- |
|
At 31 March 2019 |
– |
– |
– |
------- |
------- |
------- |
|
6.
Tangible assets
Equipment |
|
£ |
|
Cost |
|
At 1 April 2019 |
|
Additions |
|
------- |
|
At 31 March 2020 |
|
------- |
|
Depreciation |
|
At 1 April 2019 |
|
Charge for the year |
|
------- |
|
At 31 March 2020 |
|
------- |
|
Carrying amount |
|
At 31 March 2020 |
|
------- |
|
At 31 March 2019 |
|
------- |
|
7.
Debtors
2020 |
2019 |
|
£ |
£ |
|
Trade debtors |
|
|
Corporation tax repayable |
|
– |
Other debtors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Creditors:
amounts falling due within one year
2020 |
2019 |
|
£ |
£ |
|
Bank overdrafts and other loans |
|
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
The bank loans are secured by way of fixed and floating charge over the assets of the company.
9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
|
£ |
£ |
|
Bank overdrafts and other loans |
– |
|
---- |
------- |
|
The bank loans are secured by way of fixed and floating charge over the assets of the company.
10.
Called up share capital
Issued, called up and fully paid
2020 |
2019 |
|||
No. |
£ |
No. |
£ |
|
|
|
60 |
|
60 |
|
|
6 |
|
6 |
|
|
18 |
|
18 |
|
|
18 |
|
18 |
------ |
---- |
------ |
---- |
|
|
|
|
|
|
------ |
---- |
------ |
---- |
|
11.
Directors' advances, credits and guarantees
During the year the company advanced £65,020 to a director whilst the director also repaid £136,720 to the company. At the year end the director owed the company £911 (2019 - £71,714). Interest of £897 was charged on the overdrawn balance during the year. During the year the company advanced £38,700 to a director whilst the director also repaid £8,000 to the company. At the year end the director owed the company £41,334 (2019 - £10,000). Interest of £634 was charged on the overdrawn balance during the year. In addition a director has provided a personal guarantee over specific borrowings of the company.