Marquee Entec Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01420940 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

MARQUEE ENTEC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M O'Riordan

N C Pendleton

B E Pendleton

S G White

SECRETARY:

S G White

REGISTERED OFFICE:

517 Yeading Lane

Northolt

Middlesex

UB5 6LN

REGISTERED NUMBER:

01420940 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

2,898,710

2,837,242

CURRENT ASSETS

Debtors

5

787,914

1,077,364

Cash at bank and in hand

1,019,818

658,367

1,807,732

1,735,731

CREDITORS

Amounts falling due within one year

6

1,054,086

1,117,113

NET CURRENT ASSETS

753,646

618,618

TOTAL ASSETS LESS CURRENT LIABILITIES

3,652,356

3,455,860

CREDITORS

Amounts falling due after more than one year

7

(850,421

)

(922,422

)

PROVISIONS FOR LIABILITIES

(294,369

)

(237,486

)

NET ASSETS

2,507,566

2,295,952

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,507,466

2,295,852

SHAREHOLDERS' FUNDS

2,507,566

2,295,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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 and authorised for issue on 16th February 2024 and were signed on its behalf by:

B E Pendleton - Director

1.	STATUTORY INFORMATION

Marquee Entec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts. Income is recognised as services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

see below

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Land and buildings are depreciated over their estimated useful economic life after taking the residual value of the assets into consideration. The directors consider the residual value of the company's land and buildings to be in excess of the original cost and consequently no depreciation is provided.

The residual value of the company's assets and whether the value has been impaired are considered by the directors on an annual basis.

Government grants

The company recognises income arising from government grants using the performance model.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated on the same basis as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors. Finance costs associated with finance leases and hire purchase contracts are recognised in the profit and loss account using the effective interest rate method.

Pension costs and other post-retirement benefits

The company contributes to the personal pension schemes of selected directors and employees. The assets of the schemes are held independently of the company by insurance companies. The amounts charged to the profit and loss account are the contributions payable in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2022

1,721,236

4,057,731

5,778,967

Additions

-

368,845

368,845

Disposals

-

(81,804

)

(81,804

)

At 30th June 2023

1,721,236

4,344,772

6,066,008

DEPRECIATION

At 1st July 2022

-

2,941,725

2,941,725

Charge for year

-

300,590

300,590

Eliminated on disposal

-

(75,017

)

(75,017

)

At 30th June 2023

-

3,167,298

3,167,298

NET BOOK VALUE

At 30th June 2023

1,721,236

1,177,474

2,898,710

At 30th June 2022

1,721,236

1,116,006

2,837,242

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

415,775

586,237

Other debtors

372,139

491,127

787,914

1,077,364

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

178,420

90,351

Hire purchase contracts (see note 8)

177,821

136,834

Trade creditors

250,198

492,193

Taxation and social security

105,829

30,137

Other creditors

341,818

367,598

1,054,086

1,117,113

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

612,953

787,515

Hire purchase contracts (see note 8)

237,468

134,907

850,421

922,422

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023

2022

£

£

Net obligations repayable:

Within one year

177,821

136,834

Between one and five years

237,468

134,907

415,289

271,741

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

664,648

711,199

The company's bank loans are secured by way of a fixed charge over the company's freehold property and by floating charges over the assets of the company.