Registered number
05536655
Marylebone Books Limited
Unaudited Filleted Accounts
31 August 2023
Marylebone Books Limited
Registered number: 05536655
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 650 977
Current assets
Stocks - 193
Debtors 4 3,716 1,314
Cash at bank and in hand 28,903 48,192
32,619 49,699
Creditors: amounts falling due within one year 5 (30,945) (44,121)
Net current assets 1,674 5,578
Net assets 2,324 6,555
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,224 6,455
Shareholders' funds 2,324 6,555
The directors are 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 directors acknowledge their 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 Pearce
Director
Approved by the board on 27 November 2023
Marylebone Books Limited
Notes to the Accounts
for the year ended 31 August 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 33% book value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
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 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 September 2022 34,855
At 31 August 2023 34,855
Depreciation
At 1 September 2022 33,878
Charge for the year 327
At 31 August 2023 34,205
Net book value
At 31 August 2023 650
At 31 August 2022 977
4 Debtors 2023 2022
£ £
Trade debtors 3,666 1,225
Other debtors 50 89
3,716 1,314
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,180 1,255
Other creditors 29,765 42,866
30,945 44,121
6 Other information
Marylebone Books Limited is a private company limited by shares and incorporated in England. Its registered office is:
110 Northampton Road
Market Harborough
Leics.
LE16 9HF
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