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REGISTERED NUMBER: 04498468 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

MARSHALL PETERS LIMITED

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALL PETERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: C Morris
L D Morris





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 04498468 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

BALANCE SHEET
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 143,953 84,018
Investments 6 10,000 10,000
153,953 94,018

CURRENT ASSETS
Debtors 7 3,073,417 2,352,335
Cash at bank and in hand 117,313 200,833
3,190,730 2,553,168
CREDITORS
Amounts falling due within one year 8 1,071,443 899,180
NET CURRENT ASSETS 2,119,287 1,653,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,273,240

1,748,006

CREDITORS
Amounts falling due after more than one
year

9

(108,926

)

(72,708

)

PROVISIONS FOR LIABILITIES 11 (27,702 ) (15,969 )
NET ASSETS 2,136,612 1,659,329

CAPITAL AND RESERVES
Called up share capital 12 1,250 1,250
Retained earnings 2,135,362 1,658,079
SHAREHOLDERS' FUNDS 2,136,612 1,659,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

BALANCE SHEET - continued
31 JANUARY 2023


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 by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:




C Morris - Director



L D Morris - Director


MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Marshall Peters 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents amounts chargeable to clients for professional services provided during the period, inclusive of direct expenses incurred on client assignments but excluding value added tax.

Turnover is recognised when a right to consideration has been obtained through performance on each assignment and consideration accrues as activity progresses by reference to the value of work performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Annual impairment reviews are carried out by the director and any impairment is recognised immediately through the profit and loss account.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings- 33% on cost and 20% on reducing balance
Motor vehicles- 25% on reducing balance

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

A basic financial instrument is a contract that gives rise to a financial asset in one entity and a financial liability or equity instrument of another entity.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets classified as receivable within one year are not amortised. Trade and other debtors and amounts owed to group undertakings are measured at the undiscounted amount of cash or other consideration expected to be received.

Financial assets are assessed for indicators of impairment at each reporting end date with any impairment loss being recognised in profit and loss.

Basic financial liabilities, including creditors, bank loans and loans to group companies or connected parties are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Bank and other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

Fixed asset investments
Fixed asset investments are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 217,000
AMORTISATION
At 1 February 2022
and 31 January 2023 217,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022 65,616 109,518 175,134
Additions 5,242 81,515 86,757
At 31 January 2023 70,858 191,033 261,891
DEPRECIATION
At 1 February 2022 56,960 34,156 91,116
Charge for year 3,736 23,086 26,822
At 31 January 2023 60,696 57,242 117,938
NET BOOK VALUE
At 31 January 2023 10,162 133,791 143,953
At 31 January 2022 8,656 75,362 84,018

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022 109,518
Additions 81,515
At 31 January 2023 191,033
DEPRECIATION
At 1 February 2022 34,156
Charge for year 23,086
At 31 January 2023 57,242
NET BOOK VALUE
At 31 January 2023 133,791
At 31 January 2022 75,362

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 February 2022
and 31 January 2023 10,000
NET BOOK VALUE
At 31 January 2023 10,000
At 31 January 2022 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 38,252 74,885
Amounts owed by group undertakings 2,952,048 2,189,358
Amounts recoverable on contract 30,000 30,000
Other debtors 28,121 28,121
Prepayments and accrued income 24,996 29,971
3,073,417 2,352,335

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 31,112 22,500
Trade creditors 81,985 23,096
Amounts owed to group undertakings 1,652 1,652
Tax 300,845 251,456
Social security and other taxes 140,215 80,710
Other creditors 1,617 1,407
Accruals and deferred income 504,017 508,359
1,071,443 899,180

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,333 23,333
Hire purchase contracts 85,593 39,375
108,926 72,708

10. SECURED DEBTS

The following secured debts are included within creditors:

31/1/23 31/1/22
£    £   
Hire purchase contracts 116,705 61,875

11. PROVISIONS FOR LIABILITIES
31/1/23 31/1/22
£    £   
Deferred tax 27,702 15,969

Deferred
tax
£   
Balance at 1 February 2022 15,969
Charge to Income Statement during year 11,733
Balance at 31 January 2023 27,702

MARSHALL PETERS LIMITED (REGISTERED NUMBER: 04498468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
1,000 Ordinary £1 1,000 1,000
188 B Ordinary £1 188 188
62 C Ordinary £1 62 62
1,250 1,250

13. RELATED PARTY DISCLOSURES

During the year the following companies were considered to be related parties, being under the common control of Heskin Hall Farm Holdings Limited:

Marshall Peters Limited
Marshall Peters Manchester Limited
Insolvency Practitioners 4 U Limited
Heskin Consulting Limited
Financial Saviour Limited

As at 31 January 2023, the company owed Financial Saviour Limited £1,652 (2022: £1,652).

As at 31st January 2023, Insolvency Practitioners 4 U Limited owed the company £46,709 (2022: £46,709 owed by the company).

As at 31st January 2023, Heskin Consulting Limited owed the company £238,478 (2022: £200,473).

As at 31 January 2023, Marshall Peters Manchester Limited owed the company £22,442 (2022: £5,016)

As at 31 January 2023, Heskin Hall Farm Holdings Limited owed the company £2,644,419 (2022: £1,937.160).

All amounts are repayable on demand and no interest has been charged.