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MARSHFIELD STORES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






MARSHFIELD STORES LIMITED (REGISTERED NUMBER: 04524583)






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


MARSHFIELD STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: R C Patel
Mrs G R Patel



SECRETARY: Mrs G R Patel



REGISTERED OFFICE: 1 Cambrian Grove
Marshfield
Cardiff
South Glamorgan
CF3 2US



REGISTERED NUMBER: 04524583



ACCOUNTANTS: Vinney Ross & Co Ltd
Greenhill House, Suite B
184 Station Road
Harrow
Middlesex
HA1 2RH



BANKERS: HSBC plc
259 Cowbridge Road East
Canton
Cardiff
South Glamorgan
CF11 9TN

MARSHFIELD STORES LIMITED (REGISTERED NUMBER: 04524583)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,802,187 2,569,990
2,802,187 2,569,990

CURRENT ASSETS
Debtors 6 55,000 55,000
Cash at bank 97,401 1,741
152,401 56,741
CREDITORS
Amounts falling due within one year 7 931,626 1,127,940
NET CURRENT LIABILITIES (779,225 ) (1,071,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,022,962

1,498,791

CREDITORS
Amounts falling due after more
than one year

8

1,919,085

1,448,778
NET ASSETS 103,877 50,013

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,777 49,913
SHAREHOLDERS' FUNDS 103,877 50,013

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.

MARSHFIELD STORES LIMITED (REGISTERED NUMBER: 04524583)

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 4 May 2023 and were signed on its behalf by:





R C Patel - Director


MARSHFIELD STORES LIMITED (REGISTERED NUMBER: 04524583)

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

1. STATUTORY INFORMATION

MARSHFIELD STORES LIMITED is a private company, limited by shares , registered in Not specified/Other. 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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of nine years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

MARSHFIELD STORES LIMITED (REGISTERED NUMBER: 04524583)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 71,500
AMORTISATION
At 1 February 2022
and 31 January 2023 71,500
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 2,337,994 456,661 2,794,655
Additions 220,000 39,334 259,334
At 31 January 2023 2,557,994 495,995 3,053,989
DEPRECIATION
At 1 February 2022 - 224,665 224,665
Charge for year - 27,137 27,137
At 31 January 2023 - 251,802 251,802
NET BOOK VALUE
At 31 January 2023 2,557,994 244,193 2,802,187
At 31 January 2022 2,337,994 231,996 2,569,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,000 55,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 64,002 62,154
Trade creditors 3 2
Taxation and social security 1,185 1,185
Other creditors 866,436 1,064,599
931,626 1,127,940

MARSHFIELD STORES LIMITED (REGISTERED NUMBER: 04524583)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors represent amounts owing to the directors.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 1,919,085 1,448,778

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,678,637 1,208,330