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REGISTERED NUMBER: 06606181 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2019

FOR

MARXTAR LTD

MARXTAR LTD (REGISTERED NUMBER: 06606181)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARXTAR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2019







DIRECTOR: M McGinn





SECRETARY: Mrs B McGinn





REGISTERED OFFICE: Advantage
87 Castle Street
Reading
Berkshire
RG1 7SN





REGISTERED NUMBER: 06606181 (England and Wales)





ACCOUNTANTS: Haines Watts
Advantage
87 Castle Street
Reading
Berkshire
RG1 7SN

MARXTAR LTD (REGISTERED NUMBER: 06606181)

BALANCE SHEET
31 MAY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,772 39,187

CURRENT ASSETS
Debtors 5 296,676 143,931
Cash at bank 202,635 76,536
499,311 220,467
CREDITORS
Amounts falling due within one year 6 344,645 185,132
NET CURRENT ASSETS 154,666 35,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,438

74,522

PROVISIONS FOR LIABILITIES 7,747 -
NET ASSETS 187,691 74,522

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 187,491 74,322
SHAREHOLDERS' FUNDS 187,691 74,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MARXTAR LTD (REGISTERED NUMBER: 06606181)

BALANCE SHEET - continued
31 MAY 2019


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director on 27 February 2020 and
were signed by:





M McGinn - Director


MARXTAR LTD (REGISTERED NUMBER: 06606181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2019


1. STATUTORY INFORMATION

Marxtar Ltd 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
The accounts have been prepared under the historical cost convention and in accordance with FRS
102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to
small entities by section 1A of the standard).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks and
rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of
services is recognised by reference to the stage of completion of the contract. The stage of
completion of a contract is measured by comparing the costs incurred for work performed to date to
the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at
rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life, as follows:

Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Fixtures and fittings 25% reducing balance

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past
periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover
tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between
the recognition of income and expenses in the financial statements and their inclusion in tax
assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted
or substantively enacted by the reporting date and that are expected to apply to the reversal of the
timing difference, except for revalued land and investment property where the tax rate that applies to
the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

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.

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.

MARXTAR LTD (REGISTERED NUMBER: 06606181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised at transaction price including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and
other financial liabilities are initially recognised at transaction price net of any transaction costs and
subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2018 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2018 - 3,450 88,527 91,977
Additions 2,930 - 11,355 14,285
At 31 May 2019 2,930 3,450 99,882 106,262
DEPRECIATION
At 1 June 2018 - 3,311 49,479 52,790
Charge for year 61 35 12,604 12,700
At 31 May 2019 61 3,346 62,083 65,490
NET BOOK VALUE
At 31 May 2019 2,869 104 37,799 40,772
At 31 May 2018 - 139 39,048 39,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 225,311 134,587
Other debtors 24,850 9,344
Tax 21,318 -
Prepayments and accrued income 25,197 -
296,676 143,931

MARXTAR LTD (REGISTERED NUMBER: 06606181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2019


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 173,946 75,849
Social security and other taxes 15,611 10,128
VAT 58,308 33,821
Other creditors 6,515 4,514
Directors' current accounts 676 188
Accruals and deferred income 89,589 60,632
344,645 185,132

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
200 Ordinary £1 200 200

8. RELATED PARTY DISCLOSURES

MarXtar Corporation

At the year end MarXtar Corporation owed MarXtar Limited £22,600.