Company Registration No. 10113519 (England and Wales)
Marisco Electricals Limited
Unaudited accounts
for the year ended 30 April 2021
Marisco Electricals Limited
Unaudited accounts
Contents
Marisco Electricals Limited
Company Information
for the year ended 30 April 2021
Directors
Samuel Woodhams
Samuel Richard Clover
Ralph Elliott-King
Company Number
10113519 (England and Wales)
Registered Office
Unit J5, The Fulcrum
6 Vantage Way
Poole
Dorset
BH12 4NU
United Kingdom
Marisco Electricals Limited
Statement of financial position
as at 30 April 2021
Tangible assets
71,788
57,773
Cash at bank and in hand
6,920
1,406
Creditors: amounts falling due within one year
(165,312)
(143,039)
Net current assets
36,824
25,495
Total assets less current liabilities
108,612
83,268
Creditors: amounts falling due after more than one year
(39,989)
(28,839)
Provisions for liabilities
Deferred tax
(13,678)
(10,977)
Called up share capital
9
9
Profit and loss account
54,936
43,443
Shareholders' funds
54,945
43,452
For the year ending 30 April 2021 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 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 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 of Directors and authorised for issue on 30 January 2022 and were signed on its behalf by
Ralph Elliott-King
Director
Company Registration No. 10113519
Marisco Electricals Limited
Notes to the Accounts
for the year ended 30 April 2021
Marisco Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 10113519. The registered office is Unit J5, The Fulcrum, 6 Vantage Way, Poole, Dorset, BH12 4NU, United Kingdom.
2
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
25% reducing balance
4
Tangible fixed assets
Total
Charge for the year
23,996
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
41,031
38,641
Marisco Electricals Limited
Notes to the Accounts
for the year ended 30 April 2021
5
Transactions with related parties
The company was under the control of the three directors as equal shareholders.
Loans to the Company from each director:
Samuel Woodhams: During the year the loan provided to the Company decreased by £5,000 from the balance of £17,606 at the start of the year, to stand at £12,606 at the year-end.
Samuel Clover: During the year the balance of the loan to the Company at the start of the year of £302 remained the same at the year-end..
Ralph Elliott-King: During the year the loan provided to the Company decreased by £278 from the balance of £5,419 at the start of the year, to stand at £5,141 at the year-end.
The Company made sales of £754,277 (2020 - £538,258) to Marisco South Ltd during the year in which Samuel Clover is a director and shareholder with a controlling interest.
Marisco South Ltd charged the Company £315,520 (2020 - £88,000) for shared service costs to be recovered.
6
Average number of employees
During the year the average number of employees was 18 (2020: 16).
