Marrutt Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01541539 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

MARRUTT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J Read

P Read

SECRETARY:

Mrs C Read

REGISTERED OFFICE:

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

REGISTERED NUMBER:

01541539 (England and Wales)

ACCOUNTANTS:

Perspective Accounting Limited

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

FIXED ASSETS

Tangible assets

4

12,062

6,943

CURRENT ASSETS

Stocks

125,632

67,652

Debtors

5

24,129

42,266

Cash at bank and in hand

125,188

111,131

274,949

221,049

CREDITORS

Amounts falling due within one year

6

153,622

98,728

NET CURRENT ASSETS

121,327

122,321

TOTAL ASSETS LESS CURRENT LIABILITIES

133,389

129,264

PROVISIONS FOR LIABILITIES

2,291

1,118

NET ASSETS

131,098

128,146

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

130,998

128,046

SHAREHOLDERS' FUNDS

131,098

128,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2021 and were signed on its behalf by:

P Read - Director

J Read - Director

1.	STATUTORY INFORMATION

Marrutt 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2020

6,743

43,440

50,183

Additions

-

12,122

12,122

Disposals

-

(3,004

)

(3,004

)

At 30 June 2021

6,743

52,558

59,301

DEPRECIATION

At 1 July 2020

5,394

37,846

43,240

Charge for year

1,349

5,173

6,522

Eliminated on disposal

-

(2,523

)

(2,523

)

At 30 June 2021

6,743

40,496

47,239

NET BOOK VALUE

At 30 June 2021

-

12,062

12,062

At 30 June 2020

1,349

5,594

6,943

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/21

30/6/20

£

£

Trade debtors

13,114

31,263

Other debtors

11,015

11,003

24,129

42,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/21

30/6/20

£

£

Trade creditors

56,139

48,092

Taxation and social security

23,235

24,833

Other creditors

74,248

25,803

153,622

98,728

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/6/21

30/6/20

£

£

Within one year

13,939

-

Between one and five years

-

32,524

13,939

32,524

The above is the total of all commitments under operating leases which expire within 1 year.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr John Read (previously a director), along with his wife Cathy, provided an interest free loan to the company. This loan is repayable on demand. At the balance sheet date, the amount owed to Mr & Mrs Read totalled £66,324 (2020- £22,908). During the year, further funds totalling £74,624 were advanced and a total of £31,208 was repaid.

During the year, Mr Paul Read, a director provided an interest free loan to the company. This loan is repayable on demand. At the balance sheet date, the amount owed to Mr P Read totalled £1,024 which was the total of the loans made to the company.

During the year, Mr Jonathan Read, a director provided an interest free loan to the company. This loan is repayable on demand. At the balance sheet date, the amount owed to Mr J Read totalled £874 which was the total of the loans made to the company.

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the Director, Mr P Read, who owns 60% of the issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marrutt Limited for the year ended 30 June 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marrutt Limited, as a body, in accordance with the terms of our engagement letter dated 30 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Marrutt Limited and state those matters that we have agreed to state to the Board of Directors of Marrutt Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marrutt Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marrutt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marrutt Limited. You consider that Marrutt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marrutt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Perspective Accounting Limited

Unit B2, Birdineye Farm

Birdineye Hill

Uckfield

East Sussex

TN22 5HA

23 September 2021