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Registration number: 10584828

Richard Marshall Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2022

 

Richard Marshall Ltd

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Richard Marshall Ltd

(Registration number: 10584828)
Balance Sheet as at 31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

5,400

6,480

Tangible assets

5

478

713

 

5,878

7,193

Current assets

 

Cash at bank and in hand

 

2,062

2,965

Creditors: Amounts falling due within one year

6

(3,785)

(3,758)

Net current liabilities

 

(1,723)

(793)

Net assets

 

4,155

6,400

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

4,055

6,300

Total equity

 

4,155

6,400

For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies’ regime.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Richard Marshall Ltd

(Registration number: 10584828)
Balance Sheet as at 31 January 2022

Approved and authorised by the Board on 17 August 2022 and signed on its behalf by:
 

.........................................

Mr R B Marshall

Director

.........................................

Mrs R Marshall

Director

 

Richard Marshall Ltd

Notes to the Financial Statements for the Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital incorporated in England.

The address of its registered office is:
35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

The principal place of business is:
11 Bridgewater Park Drive
Skellow
Doncaster
South Yorkshire
DN6 8RL

These financial statements were authorised for issue by the Board on 17 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

33.3% straight line

 

Richard Marshall Ltd

Notes to the Financial Statements for the Year Ended 31 January 2022

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 1).

 

Richard Marshall Ltd

Notes to the Financial Statements for the Year Ended 31 January 2022

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2021

10,800

10,800

At 31 January 2022

10,800

10,800

Amortisation

At 1 February 2021

4,320

4,320

Amortisation charge

1,080

1,080

At 31 January 2022

5,400

5,400

Carrying amount

At 31 January 2022

5,400

5,400

At 31 January 2021

6,480

6,480

The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2021 - £Nil).
 

 

Richard Marshall Ltd

Notes to the Financial Statements for the Year Ended 31 January 2022

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2021

1,069

1,069

At 31 January 2022

1,069

1,069

Depreciation

At 1 February 2021

356

356

Charge for the year

235

235

At 31 January 2022

591

591

Carrying amount

At 31 January 2022

478

478

At 31 January 2021

713

713

6

Creditors

Note

2022
£

2021
£

Due within one year

 

Other creditors

 

3,785

3,758