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Company Registration No. 08447032 (England and Wales)
Marshall McGeever Limited Unaudited accounts for the year ended 31 March 2024
Marshall McGeever Limited Unaudited accounts Contents
Page
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Marshall McGeever Limited Company Information for the year ended 31 March 2024
Director
Alan Douglas McGeever
Company Number
08447032 (England and Wales)
Registered Office
21 Capel Road Watford Hertfordshire WD19 4FE
Accountants
Admin4You Ltd 61 Bridge Street Kington HR5 3DJ
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Marshall McGeever Limited Accountants' report
Accountants' report to the director of Marshall McGeever Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marshall McGeever Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Marshall McGeever Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Marshall McGeever Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marshall McGeever Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Marshall McGeever Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marshall McGeever Limited. You consider that Marshall McGeever Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Marshall McGeever Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Admin4You Ltd 61 Bridge Street Kington HR5 3DJ 8 April 2024
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Marshall McGeever Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(474)
(302)
Current assets
Debtors
123,418 
79,108 
Cash at bank and in hand
168,126 
181,669 
291,544 
260,777 
Creditors: amounts falling due within one year
(201,480)
(153,806)
Net current assets
90,064 
106,971 
Total assets less current liabilities
89,590 
106,669 
Creditors: amounts falling due after more than one year
(12,759)
(19,919)
Net assets
76,831 
86,750 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
76,731 
86,650 
Shareholders' funds
76,831 
86,750 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2024 and were signed on its behalf by
Alan Douglas McGeever Director Company Registration No. 08447032
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Marshall McGeever Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Marshall McGeever Limited is a private company, limited by shares, registered in England and Wales, registration number 08447032. The registered office is 21 Capel Road, Watford, Hertfordshire, WD19 4FE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. The Company operates a pension plan for the Director under which the Company pays a fixed contribution into a separate entity. Once the contributions have been paid the Company has no further payment obligations. For the year 2023-2024 the Company paid £9,600 to the Directors pension.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Borrowing Costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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Marshall McGeever Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
200,000 
At 31 March 2024
200,000 
Amortisation
At 1 April 2023
200,000 
At 31 March 2024
200,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
20,254 
Additions
148 
At 31 March 2024
20,402 
Depreciation
At 1 April 2023
20,556 
Charge for the year
320 
At 31 March 2024
20,876 
Net book value
At 31 March 2024
(474)
At 31 March 2023
(302)
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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