Registered number
07149874
Market Place Network Limited
Unaudited Filleted Accounts
30 June 2023
Market Place Network Limited
Registered number: 07149874
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 526 703
Current assets
Debtors 5 1,233 4,776
Cash at bank and in hand 14,874 23,404
16,107 28,180
Creditors: amounts falling due within one year 6 (23,595) (31,923)
Net current liabilities (7,488) (3,743)
Net liabilities (6,962) (3,040)
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,963) (3,041)
Shareholder's funds (6,962) (3,040)
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 member has 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.
T H Carroll Watson
Director
Approved by the board on 31 October 2023
Market Place Network Limited
Notes to the Accounts
for the year ended 30 June 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% straight line
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 17,500
At 30 June 2023 17,500
Amortisation
At 1 July 2022 17,500
At 30 June 2023 17,500
Net book value
At 30 June 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures and fittings etc
£
Cost
At 1 July 2022 3,794
At 30 June 2023 3,794
Depreciation
At 1 July 2022 3,091
Charge for the year 177
At 30 June 2023 3,268
Net book value
At 30 June 2023 526
At 30 June 2022 703
5 Debtors 2023 2022
£ £
Trade debtors 1,083 4,626
Other debtors 150 150
1,233 4,776
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 474 972
Taxation and social security costs 284 2,918
Other creditors 22,837 28,033
23,595 31,923
7 Other information
Market Place Network Limited is a private company limited by shares and incorporated in England. Its registered office is:
3/4 Edge Hill Barn
Sandy Lane
South Nutfield, Redhill
Surrey
RH1 4EJ
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