Company Registration No. SC438380 (Scotland)
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 December 2021
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED
Unaudited accounts
Contents
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED
Company Information
for the year ended 31 December 2021
Director
Surendra Bhandari
Company Number
SC438380 (Scotland)
Registered Office
23 MOUNTVIEW GARDENS
MOUNTVIEW GARDENS
ABERDEEN
AB25 2RT
SCOTLAND
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MARYGOLD ENVIRONMENT ASSOCIATES LIMITED for the year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED for the year ended
31 December 2021 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Asmita & Associates Ltd
Chartered Accountants
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
28 September 2022
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED
Statement of financial position
as at
31 December 2021
Tangible assets
7,124
8,904
Cash at bank and in hand
24,957
19,550
Creditors: amounts falling due within one year
(15,122)
(27,219)
Net current assets/(liabilities)
13,429
(3,882)
Called up share capital
50,000
50,000
Profit and loss account
(29,447)
(44,978)
Shareholders' funds
20,553
5,022
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 28 September 2022 and were signed on its behalf by
Surendra Bhandari
Director
Company Registration No. SC438380
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 December 2021
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC438380. The registered office is 23 MOUNTVIEW GARDENS, MOUNTVIEW GARDENS, ABERDEEN, AB25 2RT, SCOTLAND.
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
20% reducing balance basis
Fixtures & fittings
20% reducing balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2021
8,200
20,997
29,197
At 31 December 2021
8,200
20,997
29,197
At 1 January 2021
6,050
14,243
20,293
Charge for the year
430
1,350
1,780
At 31 December 2021
6,480
15,593
22,073
At 31 December 2021
1,720
5,404
7,124
At 31 December 2020
2,150
6,754
8,904
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
3,094
2,314
MARYGOLD ENVIRONMENT ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
12,897
-
Trade creditors
1,525
1,709
Loans from directors
-
23,221
7
Transactions with related parties
The director Mr. Surendra Bhandari was paid a salary of £11634.30 in the year ended 31/12/2020.
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).