MARIGOLD INSULATION UK LTD
Statement of financial position
as at 30 April 2020
Tangible assets
48,219
44,777
Cash at bank and in hand
14,326
10,453
Creditors: amounts falling due within one year
(37,591)
(48,391)
Net current liabilities
(10,856)
(22,416)
Called up share capital
100
100
Profit and loss account
37,263
22,261
Shareholders' funds
37,363
22,361
For the year ending 30 April 2020 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.
The financial statements were approved by the Board and authorised for issue on 30 April 2021 and were signed on its behalf by
Tahir Niazi
Director
Company Registration No. 9566825
MARIGOLD INSULATION UK LTD
Notes to the Accounts
for the year ended 30 April 2020
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
13,174
5
Average number of employees
During the year the average number of employees was 2 (2019: 2).
