Company Registration No. 08890144 (England and Wales)
Marshall Scott Limited
Unaudited accounts
for the year ended 30 June 2021
Marshall Scott Limited
Unaudited accounts
Contents
Marshall Scott Limited
Company Information
for the year ended 30 June 2021
Directors
Elaine M S Vintcent
Oliver G Vintcent
Company Number
08890144 (England and Wales)
Registered Office
EAGLE TOWER
MONTPELLIER DRIVE
CHELTENHAM
GL50 1TA
ENGLAND
Accountants
Louise Newman & Co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
Marshall Scott Limited
Statement of financial position
as at 30 June 2021
Tangible assets
2,483
2,342
Cash at bank and in hand
3,008
6,110
Creditors: amounts falling due within one year
(39,231)
(34,488)
Net current assets
22,344
21,866
Called up share capital
1,000
1,000
Share premium
16,900
16,900
Profit and loss account
6,927
6,308
Shareholders' funds
24,827
24,208
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by
Oliver G Vintcent
Director
Company Registration No. 08890144
Marshall Scott Limited
Notes to the Accounts
for the year ended 30 June 2021
Marshall Scott Limited is a private company, limited by shares, registered in England and Wales, registration number 08890144. The registered office is EAGLE TOWER, MONTPELLIER DRIVE, CHELTENHAM, GL50 1TA, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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:
Plant & machinery
25% cost
Marshall Scott Limited
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2020
4,599
2,419
7,018
At 30 June 2021
4,599
3,896
8,495
At 1 July 2020
3,078
1,598
4,676
Charge for the year
761
575
1,336
At 30 June 2021
3,839
2,173
6,012
At 30 June 2021
760
1,723
2,483
At 30 June 2020
1,521
821
2,342
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
18,925
40,012
Accrued income and prepayments
558
558
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
38,367
33,624
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).