Company Registration No. 09459128 (England and Wales)
Marsom Driveways Ltd
Unaudited accounts
for the year ended 31 March 2023
Marsom Driveways Ltd
Unaudited accounts
Contents
Marsom Driveways Ltd
Company Information
for the year ended 31 March 2023
Company Number
09459128 (England and Wales)
Registered Office
Yard 7A
Mulberry Road
Canvey Island
Essex
SS8 0PR
Marsom Driveways Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
240,697
175,546
Cash at bank and in hand
109,749
17,033
Creditors: amounts falling due within one year
(201,362)
(204,620)
Net current assets/(liabilities)
131,775
(107,995)
Total assets less current liabilities
372,472
67,551
Creditors: amounts falling due after more than one year
(78,467)
(57,994)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
249,674
9,556
Shareholders' funds
249,675
9,557
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 24 October 2023 and were signed on its behalf by
Scott Marsom
Director
Company Registration No. 09459128
Marsom Driveways Ltd
Notes to the Accounts
for the year ended 31 March 2023
Marsom Driveways Ltd is a private company, limited by shares, registered in England and Wales, registration number 09459128. The registered office is Yard 7A, Mulberry Road, Canvey Island, Essex, SS8 0PR.
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.
The accounts are presented in £ sterling.
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% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
The director considers that, notwithstanding the company's negative net assets position it is appropriate to prepare the accounts on a going concern basis as the company will be able to meet its liabilities as they fall due, due to the continuing support of the director.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
5,816
318,601
10,011
334,428
Additions
7,383
137,165
1,400
145,948
At 31 March 2023
13,199
455,766
11,411
480,376
At 1 April 2022
1,695
155,613
1,574
158,882
Charge for the year
3,300
75,038
2,459
80,797
At 31 March 2023
4,995
230,651
4,033
239,679
At 31 March 2023
8,204
225,115
7,378
240,697
At 31 March 2022
4,121
162,988
8,437
175,546
Marsom Driveways Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
173,918
5,144
Accrued income and prepayments
7,070
4,365
Other debtors
6,400
19,083
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
81,610
43,277
Trade creditors
48,892
87,467
Taxes and social security
17,451
2,828
Other creditors
31,667
43,876
Loans from directors
3,848
26,072
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
78,467
57,994
8
Transactions with related parties
Controlling party
The company is controlled by the director, who holds the one share in issue.
9
Average number of employees
During the year the average number of employees was 15 (2022: 10).