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Company Registration No. 11988027 (England and Wales)
MARSHFIELD MOTORS LTD Financial Statements for the year ended 31 May 2023
MARSHFIELD MOTORS LTD Financial Statements Contents
Page
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MARSHFIELD MOTORS LTD Company Information for the year ended 31 May 2023
Director
Mr Ashfaq Hussain
Company Number
11988027 (England and Wales)
Registered Office
PEN Y WAIN FARM TY MAWR LANE MARSHFIELD CARDIFF CF3 2YF WALES
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MARSHFIELD MOTORS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,443 
27,034 
Current assets
Cash at bank and in hand
43,466 
41,173 
Creditors: amounts falling due within one year
(6,489)
(4,740)
Net current assets
36,977 
36,433 
Total assets less current liabilities
55,420 
63,467 
Creditors: amounts falling due after more than one year
(46,604)
(59,172)
Net assets
8,816 
4,295 
Capital and reserves
Called up share capital
90 
1 
Profit and loss account
8,726 
4,294 
Shareholders' funds
8,816 
4,295 
For the year ending 31 May 2023 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.
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 23 April 2024 and were signed on its behalf by
Mr Ashfaq Hussain Director Company Registration No. 11988027
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MARSHFIELD MOTORS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MARSHFIELD MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11988027. The registered office is PEN Y WAIN FARM TY MAWR LANE, MARSHFIELD, CARDIFF, CF3 2YF, WALES.
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:
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
40,605 
2,350 
42,955 
At 31 May 2023
40,605 
2,350 
42,955 
Depreciation
At 1 June 2022
14,981 
940 
15,921 
Charge for the year
8,121 
470 
8,591 
At 31 May 2023
23,102 
1,410 
24,512 
Net book value
At 31 May 2023
17,503 
940 
18,443 
At 31 May 2022
25,624 
1,410 
27,034 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
6,489 
4,740 
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MARSHFIELD MOTORS LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
46,604 
59,172 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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