Registered number
08683179
MarsdenGray Ltd
Filleted Accounts
28 February 2023
MarsdenGray Ltd
Registered number: 08683179
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 845 -
Current assets
Debtors 4 65,671 81,314
Cash at bank and in hand 70,505 126,415
136,176 207,729
Creditors: amounts falling due within one year 5 (11,800) (13,574)
Net current assets 124,376 194,155
Total assets less current liabilities 125,221 194,155
Creditors: amounts falling due after more than one year 6 (29,691) (49,217)
Provisions for liabilities (160) -
Net assets 95,370 144,938
Capital and reserves
Called up share capital 2 2
Profit and loss account 95,368 144,936
Shareholders' funds 95,370 144,938
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Marsden
Director
Approved by the board on 30 October 2023
MarsdenGray Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 1,127
At 28 February 2023 1,127
Depreciation
Charge for the year 282
At 28 February 2023 282
Net book value
At 28 February 2023 845
4 Debtors 2023 2022
£ £
Trade debtors 22,100 32,363
Other debtors 43,571 48,951
65,671 81,314
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 1,800 -
Taxation and social security costs - 11,774
Other creditors - 1,800
11,800 13,574
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,691 49,217
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Robert Marsden
Loan 1 48,951 - (48,951) -
Loan 2 - 43,571 - 43,571
48,951 43,571 (48,951) 43,571
8 Other information
MarsdenGray Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Harwell Innovation Centre, 173 Curie Avenue
Harwell Oxford Campus
Didcot
Oxfordshire
OX11 0QG
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