18 false false false false false false false false false false true false false false false true true No description of principal activity 2021-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 74,789 10,221 5,235 15,456 59,333 64,568 xbrli:pure xbrli:shares iso4217:GBP 09248923 2021-11-01 2022-10-31 09248923 2022-10-31 09248923 2021-10-31 09248923 2020-11-01 2021-10-31 09248923 2021-10-31 09248923 2020-10-31 09248923 core:PlantMachinery 2021-11-01 2022-10-31 09248923 core:FurnitureFittings 2021-11-01 2022-10-31 09248923 core:MotorVehicles 2021-11-01 2022-10-31 09248923 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 09248923 bus:Director1 2021-11-01 2022-10-31 09248923 core:WithinOneYear 2022-10-31 09248923 core:WithinOneYear 2021-10-31 09248923 core:PlantMachinery 2021-10-31 09248923 core:FurnitureFittings 2021-10-31 09248923 core:MotorVehicles 2021-10-31 09248923 core:PlantMachinery 2022-10-31 09248923 core:FurnitureFittings 2022-10-31 09248923 core:AfterOneYear 2022-10-31 09248923 core:AfterOneYear 2021-10-31 09248923 core:UKTax 2021-11-01 2022-10-31 09248923 bus:OrdinaryShareClass1 2020-11-01 2021-10-31 09248923 core:ShareCapital 2022-10-31 09248923 core:ShareCapital 2021-10-31 09248923 core:RetainedEarningsAccumulatedLosses 2022-10-31 09248923 core:RetainedEarningsAccumulatedLosses 2021-10-31 09248923 core:PlantMachinery 2021-10-31 09248923 core:FurnitureFittings 2021-10-31 09248923 core:MotorVehicles 2021-10-31 09248923 bus:SmallEntities 2021-11-01 2022-10-31 09248923 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 09248923 bus:SmallCompaniesRegimeForAccounts 2021-11-01 2022-10-31 09248923 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 09248923 bus:FullAccounts 2021-11-01 2022-10-31 09248923 bus:OrdinaryShareClass1 2022-10-31 09248923 bus:OrdinaryShareClass1 2021-10-31 09248923 core:ComputerSoftware 2021-11-01 2022-10-31 09248923 core:ComputerEquipment 2021-11-01 2022-10-31 09248923 core:ComputerSoftware 2022-10-31 09248923 core:ComputerSoftware 2021-10-31 09248923 core:ComputerEquipment 2021-10-31 09248923 core:ComputerEquipment 2022-10-31
COMPANY REGISTRATION NUMBER: 09248923
Marfleet Analytical Services Limited
Filleted Unaudited Financial Statements
31 October 2022
Marfleet Analytical Services Limited
Statement of Financial Position
31 October 2022
2022
2021
Note
£
£
£
Fixed assets
Intangible assets
7
59,333
64,568
Tangible assets
8
303,607
362,559
---------
---------
362,940
427,127
Current assets
Stocks
31,410
29,305
Debtors
9
430,723
360,090
Cash at bank and in hand
4,237
63,130
---------
---------
466,370
452,525
Creditors: amounts falling due within one year
10
215,061
158,012
---------
---------
Net current assets
251,309
294,513
---------
---------
Total assets less current liabilities
614,249
721,640
Creditors: amounts falling due after more than one year
11
30,741
35,867
Provisions
Taxation including deferred tax
18,988
---------
---------
Net assets
583,508
666,785
---------
---------
Capital and reserves
Called up share capital
12
100
100
Profit and loss account
583,408
666,685
---------
---------
Shareholders funds
583,508
666,785
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Marfleet Analytical Services Limited
Statement of Financial Position (continued)
31 October 2022
These financial statements were approved by the board of directors and authorised for issue on 17 July 2023 , and are signed on behalf of the board by:
Mr M L Barnard
Director
Company registration number: 09248923
Marfleet Analytical Services Limited
Notes to the Financial Statements
Year ended 31 October 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 38 Ketwell Lane, Hedon, Hull, HU12 8BW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Software costs
-
7% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
18% reducing balance
Fixtures and fittings
-
10% reducing balance
Motor vehicles
-
8% reducing balance
Equipment
-
18% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2021: 21 ).
5. Tax on (loss)/profit
Major components of tax income
2022
2021
£
£
Current tax:
UK current tax income
( 29,500)
Deferred tax:
Origination and reversal of timing differences
( 44,493)
( 29,833)
--------
--------
Tax on (loss)/profit
( 73,993)
( 29,833)
--------
--------
6. Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2022
2021
£
£
Dividends on ordinary shares
184,264
----
---------
7. Intangible assets
Intangible asset user defined 1
£
Cost
At 1 November 2021 and 31 October 2022
74,789
--------
Amortisation
At 1 November 2021
10,221
Charge for the year
5,235
--------
At 31 October 2022
15,456
--------
Carrying amount
At 31 October 2022
59,333
--------
At 31 October 2021
64,568
--------
8. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 November 2021
559,595
72,600
36,299
17,591
686,085
Additions
33,555
2,917
1,499
37,971
Disposals
( 36,299)
( 36,299)
---------
--------
--------
--------
---------
At 31 October 2022
593,150
75,517
19,090
687,757
---------
--------
--------
--------
---------
Depreciation
At 1 November 2021
302,637
13,794
( 1)
7,096
323,526
Charge for the year
52,292
6,172
2,159
60,623
Disposals
1
1
---------
--------
--------
--------
---------
At 31 October 2022
354,929
19,966
9,255
384,150
---------
--------
--------
--------
---------
Carrying amount
At 31 October 2022
238,221
55,551
9,835
303,607
---------
--------
--------
--------
---------
At 31 October 2021
256,958
58,806
36,300
10,495
362,559
---------
--------
--------
--------
---------
9. Debtors
2022
2021
£
£
Trade debtors
229,764
199,128
Amounts owed by undertakings in which the company has a participating interest
16,061
16,012
Deferred tax asset
25,505
Prepayments and accrued income
7,261
4,315
Corporation tax repayable
29,500
Directors loan account
122,632
140,635
---------
---------
430,723
360,090
---------
---------
10. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
10,092
10,800
Trade creditors
74,019
38,599
Accruals and deferred income
72,393
72,193
Social security and other taxes
58,557
34,603
Other creditors
1,817
---------
---------
215,061
158,012
---------
---------
11. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
30,741
35,867
--------
--------
12. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
13. Directors' advances, credits and guarantees
At the year end the directors owe £ 122,632 to the business (2021 - £140,635).