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No description of principal activities is disclosed
2022-07-27
Sage Accounts Production 21.0 - FRS102_2021
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14259845
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14259845
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2023-07-31
Company registration number:
14259845
MARSTON ELECTRICAL LIMITED
31 July 2023
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
MARSTON ELECTRICAL LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
MARSTON ELECTRICAL LIMITED
DIRECTORS AND OTHER INFORMATION
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Director |
Mr L T W Marston |
(Appointed 27 July 2022) |
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Company number |
14259845 |
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Registered office |
Countrywide House |
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Knights Way |
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Shrewsbury |
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SY1 3AB |
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Business address |
Three Hills |
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Middletown |
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Welshpool |
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SY21 8DJ |
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Accountants |
Heywoods |
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Countrywide House |
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Knights Way |
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Shrewsbury |
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Shropshire |
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SY1 3AB |
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MARSTON ELECTRICAL LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARSTON ELECTRICAL LIMITED
PERIOD ENDED 31 JULY 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marston Electrical Limited for the period ended 31 July 2023 which comprise the statement of financial position, statement of changes in equity and related notes 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 http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Marston Electrical Limited, as a body, in accordance with the terms of our engagement letter dated 6 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Marston Electrical Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marston Electrical Limited and its director as a body for our work or for this report.
It is your duty to ensure that Marston Electrical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marston Electrical Limited. You consider that Marston Electrical Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Marston Electrical Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
12 September 2023
MARSTON ELECTRICAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 JULY 2023
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31/07/23 |
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Note |
£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
4,359 |
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_______ |
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4,359 |
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Current assets |
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Stock and Work-in-progress |
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14,328 |
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Debtors |
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6 |
11,181 |
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Cash at bank and in hand |
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50,924 |
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_______ |
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76,433 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
64,304) |
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_______ |
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Net current assets |
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12,129 |
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_______ |
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Total assets less current liabilities |
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16,488 |
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Provisions for liabilities |
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(
1,089) |
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_______ |
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Net assets |
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15,399 |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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Profit and loss account |
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15,398 |
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_______ |
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Shareholder funds |
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15,399 |
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_______ |
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For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 September 2023
, and are signed on behalf of the board by:
Mr L T W Marston
Director
Company registration number:
14259845
MARSTON ELECTRICAL LIMITED
STATEMENT OF CHANGES IN EQUITY
PERIOD ENDED 31 JULY 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 27 July 2022 |
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- |
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- |
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Profit for the period |
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43,448 |
43,448 |
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_______ |
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_______ |
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Total comprehensive income for the period |
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43,448 |
43,448 |
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Issue of shares |
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1 |
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1 |
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Dividends paid and payable |
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(
28,050) |
(
28,050) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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1 |
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(
28,050) |
(
28,049) |
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_______ |
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_______ |
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At 31 July 2023 |
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1 |
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15,398 |
15,399 |
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_______ |
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_______ |
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MARSTON ELECTRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 JULY 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, SY1 3AB.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, over the useful economic life of that asset as follows:
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Plant and machinery |
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15 % |
reducing balance |
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Fittings fixtures and equipment |
- |
15 % |
reducing balance |
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Motor vehicles |
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25 % |
reducing balance |
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Stocks
Stocks are measured at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4.
Staff costs
The average number of persons employed by the company during the period amounted to
2
The aggregate payroll costs incurred during the period were:
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Period |
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ended |
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31/07/23 |
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£ |
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Wages and salaries |
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19,954 |
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_______ |
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5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 27 July 2022 |
- |
- |
- |
- |
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Additions |
805 |
1,849 |
2,618 |
5,272 |
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_______ |
_______ |
_______ |
_______ |
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At 31 July 2023 |
805 |
1,849 |
2,618 |
5,272 |
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_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 27 July 2022 |
- |
- |
- |
- |
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Charge for the year |
79 |
180 |
654 |
913 |
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_______ |
_______ |
_______ |
_______ |
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At 31 July 2023 |
79 |
180 |
654 |
913 |
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_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 July 2023 |
726 |
1,669 |
1,964 |
4,359 |
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_______ |
_______ |
_______ |
_______ |
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6.
Debtors
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31/07/23 |
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£ |
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Trade debtors |
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11,181 |
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_______ |
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7.
Creditors: amounts falling due within one year
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31/07/23 |
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£ |
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Trade creditors |
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16,172 |
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Corporation tax |
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10,281 |
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Social security and other taxes |
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4,984 |
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Other creditors |
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32,867 |
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_______ |
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64,304 |
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_______ |
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8.
Directors advances, credits and guarantees
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During the period the director entered into the following advances and credits with the company: |
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Period ended 31/07/23 |
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Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
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£ |
£ |
£ |
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Mr L T W Marston |
- |
(
30,674) |
(
30,674) |
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_______ |
_______ |
_______ |
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