IRIS Accounts Production v24.1.9.2 04670160 Board of Directors Board of Directors Board of Directors Board of Directors 31.3.23 30.3.24 30.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046701602023-03-30046701602024-03-30046701602023-03-312024-03-30046701602022-03-30046701602022-03-312023-03-30046701602023-03-3004670160ns15:EnglandWales2023-03-312024-03-3004670160ns14:PoundSterling2023-03-312024-03-3004670160ns10:Director12023-03-312024-03-3004670160ns10:Director22023-03-312024-03-3004670160ns10:Director32023-03-312024-03-3004670160ns10:Director42023-03-312024-03-3004670160ns10:PrivateLimitedCompanyLtd2023-03-312024-03-3004670160ns10:SmallEntities2023-03-312024-03-3004670160ns10:AuditExempt-NoAccountantsReport2023-03-312024-03-3004670160ns10:SmallCompaniesRegimeForDirectorsReport2023-03-312024-03-3004670160ns10:SmallCompaniesRegimeForAccounts2023-03-312024-03-3004670160ns10:FullAccounts2023-03-312024-03-300467016012023-03-312024-03-3004670160ns10:CompanySecretary12023-03-312024-03-3004670160ns10:RegisteredOffice2023-03-312024-03-3004670160ns5:CurrentFinancialInstruments2024-03-3004670160ns5:CurrentFinancialInstruments2023-03-3004670160ns5:Non-currentFinancialInstruments2024-03-3004670160ns5:Non-currentFinancialInstruments2023-03-3004670160ns5:ShareCapital2024-03-3004670160ns5:ShareCapital2023-03-3004670160ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3004670160ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3004670160ns5:RetainedEarningsAccumulatedLosses2024-03-3004670160ns5:RetainedEarningsAccumulatedLosses2023-03-3004670160ns5:NetGoodwill2023-03-312024-03-3004670160ns5:IntangibleAssetsOtherThanGoodwill2023-03-312024-03-3004670160ns5:FurnitureFittings2023-03-312024-03-3004670160ns5:ComputerEquipment2023-03-312024-03-3004670160ns5:NetGoodwill2023-03-3004670160ns5:NetGoodwill2024-03-3004670160ns5:NetGoodwill2023-03-3004670160ns5:FurnitureFittings2023-03-3004670160ns5:ComputerEquipment2023-03-3004670160ns5:FurnitureFittings2024-03-3004670160ns5:ComputerEquipment2024-03-3004670160ns5:FurnitureFittings2023-03-3004670160ns5:ComputerEquipment2023-03-3004670160ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3004670160ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3004670160ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3004670160ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3004670160ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3004670160ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-30046701601ns10:Director12023-03-30046701601ns10:Director12022-03-30046701601ns10:Director12023-03-312024-03-30046701601ns10:Director12022-03-312023-03-30046701601ns10:Director12024-03-30046701601ns10:Director12023-03-3004670160ns10:Director222023-03-3004670160ns10:Director222022-03-3004670160ns10:Director222023-03-312024-03-3004670160ns10:Director222022-03-312023-03-3004670160ns10:Director222024-03-3004670160ns10:Director222023-03-3004670160ns10:Director332023-03-3004670160ns10:Director332022-03-3004670160ns10:Director332023-03-312024-03-3004670160ns10:Director332022-03-312023-03-3004670160ns10:Director332024-03-3004670160ns10:Director332023-03-3004670160ns10:Director442023-03-3004670160ns10:Director442022-03-3004670160ns10:Director442023-03-312024-03-3004670160ns10:Director442022-03-312023-03-3004670160ns10:Director442024-03-3004670160ns10:Director442023-03-30
REGISTERED NUMBER: 04670160 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

MARSLAND NASH ASSOCIATES LTD

MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSLAND NASH ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: Mr S J Marsland
Mr Z Nash
Mr N J Murphy
Mr D L Peterson



SECRETARY: Mr S J Marsland



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 04670160 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest Plc
15 Victoria Street
Paignton
Devon
TQ4 5DE



SOLICITORS: Scott Richards Solicitors
Newfoundland House
4 Regent Street
Teignmouth
Devon
TQ14 8SL

MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 167,243 179,445
Tangible assets 5 21,123 29,515
188,366 208,960

CURRENT ASSETS
Stocks 6 750 750
Debtors 7 599,489 563,882
Cash at bank and in hand 322,189 199,600
922,428 764,232
CREDITORS
Amounts falling due within one year 8 463,883 434,865
NET CURRENT ASSETS 458,545 329,367
TOTAL ASSETS LESS CURRENT LIABILITIES 646,911 538,327

CREDITORS
Amounts falling due after more than one
year

9

(12,237

)

(54,351

)

PROVISIONS FOR LIABILITIES (5,303 ) (7,379 )
NET ASSETS 629,371 476,597

CAPITAL AND RESERVES
Called up share capital 600 600
Unrealised P&L reserve (111,456 ) (122,602 )
Retained earnings 740,227 598,599
SHAREHOLDERS' FUNDS 629,371 476,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

BALANCE SHEET - continued
30 MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




Mr S J Marsland - Director Mr Z Nash - Director




Mr N J Murphy - Director Mr D L Peterson - Director


MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. STATUTORY INFORMATION

Marsland Nash Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Government grants
During the year, the company received the following Government Grants:-

Apprenticeship grants £1,000.

Grants are recognised under the performance model.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2023 427,299
Disposals (2,628 )
At 30 March 2024 424,671
AMORTISATION
At 31 March 2023 247,854
Amortisation for year 9,574
At 30 March 2024 257,428
NET BOOK VALUE
At 30 March 2024 167,243
At 30 March 2023 179,445

MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 31 March 2023 16,306 52,822 69,128
Additions 957 3,775 4,732
Disposals - (1,015 ) (1,015 )
At 30 March 2024 17,263 55,582 72,845
DEPRECIATION
At 31 March 2023 6,011 33,602 39,613
Charge for year 1,688 11,436 13,124
Eliminated on disposal - (1,015 ) (1,015 )
At 30 March 2024 7,699 44,023 51,722
NET BOOK VALUE
At 30 March 2024 9,564 11,559 21,123
At 30 March 2023 10,295 19,220 29,515

6. STOCKS
2024 2023
£    £   
Stocks 750 750

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 163,531 157,924
Amounts recoverable on contract 69,066 48,820
Other debtors 3,869 3,383
VPI Ltd Intercompany account 337,957 327,695
Directors' current accounts 473 -
Prepayments 24,593 26,060
599,489 563,882

MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,213 9,957
Other loans 31,901 55,827
Trade creditors 15,013 20,769
Tax 189,303 119,629
Social security and other taxes 11,414 11,741
VAT 106,831 98,049
Other creditors 2,775 87
Directors' current accounts 11,233 38,357
Accrued expenses 17,003 16,039
Fees issued in advance 68,197 64,410
463,883 434,865

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 12,237 22,450
Other loans - 2-5 years - 31,901
12,237 54,351

10. OTHER FINANCIAL COMMITMENTS

At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £172,870 (2023 £200,790).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2024 and 30 March 2023:

2024 2023
£    £   
Mr S J Marsland
Balance outstanding at start of year (20,769 ) (8,129 )
Amounts advanced 123,765 69,777
Amounts repaid (103,237 ) (82,417 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (241 ) (20,769 )

Mr Z Nash
Balance outstanding at start of year (12,370 ) (1,735 )
Amounts advanced 95,712 65,654
Amounts repaid (90,773 ) (76,289 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,431 ) (12,370 )

MARSLAND NASH ASSOCIATES LTD (REGISTERED NUMBER: 04670160)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr N J Murphy
Balance outstanding at start of year (3,700 ) (26,985 )
Amounts advanced 111,671 95,814
Amounts repaid (107,497 ) (72,529 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 474 (3,700 )

Mr D L Peterson
Balance outstanding at start of year (1,517 ) (699 )
Amounts advanced 97,977 59,043
Amounts repaid (100,022 ) (59,861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,562 ) (1,517 )

Loans are unsecured and repayable on demand. Interest is charged at 10.00% in the year on credit loan balances.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £275,627 (2023 - £177,190) were paid to the directors .

During the period the company lent to Vantage Point Investments Ltd, a company Mr S Marsland, Mr Z Nash, Mr N Murphy and Mr D Peterson, Directors, are also Directors of, details as follows:-

Balance outstanding at start of period:£327,695
Amounts lent:£49,226
Amounts repaid: £38,964
Balance outstanding at end of period:£337,957

The loan is unsecured and repayable on demand. Interest is charged at 12% in the year on debit loan balances.