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REGISTERED NUMBER: 08831060 (England and Wales)















MARGETTS WARWICK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






MARGETTS WARWICK LIMITED (REGISTERED NUMBER: 08831060)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARGETTS WARWICK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A S Goldie
O Thompson





REGISTERED OFFICE: 12 High Street
Warwick
Warwickshire
CV34 4AP





REGISTERED NUMBER: 08831060 (England and Wales)





ACCOUNTANTS: Murphy Salisbury Limited
Chartered Accountants
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

MARGETTS WARWICK LIMITED (REGISTERED NUMBER: 08831060)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,116 4,558
3,116 4,558

CURRENT ASSETS
Debtors 6 72,486 66,422
Cash at bank and in hand 411,304 538,839
483,790 605,261
CREDITORS
Amounts falling due within one year 7 180,934 259,063
NET CURRENT ASSETS 302,856 346,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,972

350,756

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 8 100 100
Retained earnings 8 304,972 349,756
SHAREHOLDERS' FUNDS 305,972 350,756

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

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

MARGETTS WARWICK LIMITED (REGISTERED NUMBER: 08831060)

BALANCE SHEET - continued
31 AUGUST 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 20 October 2023 and were signed on its behalf by:




A S Goldie - Director



O Thompson - Director


MARGETTS WARWICK LIMITED (REGISTERED NUMBER: 08831060)

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

1. STATUTORY INFORMATION

Margetts Warwick 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.

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.

Goodwill
Goodwill, the amount paid in connection with the acquisition of a business in 2014, was fully amortised in the year of acquisition.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% straight line basis

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MARGETTS WARWICK LIMITED (REGISTERED NUMBER: 08831060)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 55,623
AMORTISATION
At 1 September 2022
and 31 August 2023 55,623
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 3,750 14,909 18,659
Additions - 2,325 2,325
Disposals - (6,213 ) (6,213 )
At 31 August 2023 3,750 11,021 14,771
DEPRECIATION
At 1 September 2022 3,375 10,726 14,101
Charge for year 93 3,674 3,767
Eliminated on disposal - (6,213 ) (6,213 )
At 31 August 2023 3,468 8,187 11,655
NET BOOK VALUE
At 31 August 2023 282 2,834 3,116
At 31 August 2022 375 4,183 4,558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 57,553 52,724
Other debtors 14,933 13,698
72,486 66,422

MARGETTS WARWICK LIMITED (REGISTERED NUMBER: 08831060)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,760 6,744
Taxation and social security 56,549 83,452
Other creditors 110,625 168,867
180,934 259,063

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 September 2022 349,756 100 349,856
Profit for the year 74,216 74,216
Dividends (119,000 ) (119,000 )
At 31 August 2023 304,972 100 305,072