Company registration number 06880007 (England and Wales)
THOMAS MARSH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
THOMAS MARSH LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THOMAS MARSH LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
31 March 2023
31 December 2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,828
7,331
Current assets
Debtors
4
33,269
12,665
Cash at bank and in hand
1,002
77,369
34,271
90,034
Creditors: amounts falling due within one year
5
(7,926)
(25,510)
Net current assets
26,345
64,524
Total assets less current liabilities
34,173
71,855
Creditors: amounts falling due after more than one year
6
(24,009)
(39,773)
Net assets
10,164
32,082
Capital and reserves
Called up share capital
101
101
Profit and loss reserves
10,063
31,981
Total equity
10,164
32,082

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 February 2024 and are signed on its behalf by:
Mr T Chand
Director
Company registration number 06880007 (England and Wales)
THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Thomas Marsh Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 47 Orsett Road, Grays, Essex, United Kingdom, RM17 5HJ.

1.1
Reporting period

This set of accounts covers an extended period from 1 January 2022 to 31 March 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represent commission receivable from house sale and letting.

 

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

 

Revenue from the sale is recognised when the significant risks and rewards have passed to the customer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing balance
Fixtures and fittings
25% Reducing balance
Computers
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2021
Number
Number
Total
6
12
THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2022
9,812
27,112
1,656
38,580
Additions
-
0
400
2,706
3,106
At 31 March 2023
9,812
27,512
4,362
41,686
Depreciation and impairment
At 1 January 2022
8,683
22,037
529
31,249
Depreciation charged in the period
282
1,369
958
2,609
At 31 March 2023
8,965
23,406
1,487
33,858
Carrying amount
At 31 March 2023
847
4,106
2,875
7,828
At 31 December 2021
1,129
5,075
1,127
7,331
4
Debtors
2023
2021
Amounts falling due within one year:
£
£
Trade debtors
-
0
12,665
Corporation tax recoverable
4,009
-
0
Amounts owed by group undertakings
14,147
-
0
Other debtors
15,113
-
0
33,269
12,665
5
Creditors: amounts falling due within one year
2023
2021
£
£
Trade creditors
1,105
6,661
Corporation tax
-
0
4,955
Other taxation and social security
5,093
13,498
Other creditors
1,728
396
7,926
25,510
6
Creditors: amounts falling due after more than one year
2023
2021
£
£
Bank loans and overdrafts
24,009
39,773
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