Marco Apparel Limited - Accounts to registrar (filleted) - small 17.3

Marco Apparel Limited - Accounts to registrar (filleted) - small 17.3

MARCO APPAREL LIMITED - Company Information

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REGISTERED NUMBER: 06337797 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Marco Apparel Limited
Marco Apparel Limited (Registered number: 06337797)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Balance Sheet 1

Notes to the Financial Statements 3


Marco Apparel Limited (Registered number: 06337797)

Balance Sheet
30 June 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 4 166 166
Investment property 5 797,201 797,201
797,367 797,367

CURRENT ASSETS
Debtors 6 210,029 164,215

CREDITORS
Amounts falling due within one year 7 1,250 11,401
NET CURRENT ASSETS 208,779 152,814
TOTAL ASSETS LESS CURRENT LIABILITIES 1,006,146 950,181

PROVISIONS FOR LIABILITIES 11,326 11,326
NET ASSETS 994,820 938,855

CAPITAL AND RESERVES
Called up share capital 166 166
Retained earnings 994,654 938,689
SHAREHOLDERS' FUNDS 994,820 938,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 notes form part of these financial statements

Page 1 continued...
Marco Apparel Limited (Registered number: 06337797)

Balance Sheet - continued
30 June 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 February 2018 and were signed on its behalf
by:





T R Ahmed - Director


The notes form part of these financial statements

Page 2
Marco Apparel Limited (Registered number: 06337797)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

Marco Apparel Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 06337797

Registered office: 81 Newton Street
Manchester
M1 1EX

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS 102 section 1A.

There have been no transitional adjustments.

Preparation of consolidated financial statements
The financial statements contain information about Marco Apparel Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 or deferred taxation assets and liabilities are not discounted.

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.

Page 3 continued...
Marco Apparel Limited (Registered number: 06337797)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2016
and 30 June 2017 166
NET BOOK VALUE
At 30 June 2017 166
At 30 June 2016 166

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2016
and 30 June 2017 797,201
NET BOOK VALUE
At 30 June 2017 797,201
At 30 June 2016 797,201

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Amounts owed by participating interests 65,199 79,795
Other debtors 144,830 84,420
210,029 164,215

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security - 10,151
Other creditors 1,250 1,250
1,250 11,401

8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.

9. INVESTMENT PROPERTY

The legal title of the investment property is held on behalf of the company by the directors.

Page 4