PTP Accounts Production v24.1.0.576 10460450 Board of Directors 1.12.22 30.4.24 30.4.24 false true false false true false Ordinary voting shares - Classes A - E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104604502022-11-30104604502024-04-30104604502022-12-012024-04-30104604502021-11-30104604502021-12-012022-11-30104604502022-11-3010460450ns15:EnglandWales2022-12-012024-04-3010460450ns14:PoundSterling2022-12-012024-04-3010460450ns10:Director12022-12-012024-04-3010460450ns10:PrivateLimitedCompanyLtd2022-12-012024-04-3010460450ns10:SmallEntities2022-12-012024-04-3010460450ns10:AuditExempt-NoAccountantsReport2022-12-012024-04-3010460450ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012024-04-3010460450ns10:SmallCompaniesRegimeForAccounts2022-12-012024-04-3010460450ns10:FullAccounts2022-12-012024-04-3010460450ns10:OrdinaryShareClass12022-12-012024-04-3010460450ns10:Director22022-12-012024-04-3010460450ns10:RegisteredOffice2022-12-012024-04-3010460450ns5:CurrentFinancialInstruments2024-04-3010460450ns5:CurrentFinancialInstruments2022-11-3010460450ns5:ShareCapital2024-04-3010460450ns5:ShareCapital2022-11-3010460450ns5:RetainedEarningsAccumulatedLosses2024-04-3010460450ns5:RetainedEarningsAccumulatedLosses2022-11-3010460450ns5:PlantMachinery2022-12-012024-04-3010460450ns5:ComputerEquipment2022-12-012024-04-3010460450ns5:PlantMachinery2022-11-3010460450ns5:ComputerEquipment2022-11-3010460450ns5:PlantMachinery2024-04-3010460450ns5:ComputerEquipment2024-04-3010460450ns5:PlantMachinery2022-11-3010460450ns5:ComputerEquipment2022-11-3010460450ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3010460450ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3010460450ns5:AcceleratedTaxDepreciationDeferredTax2024-04-3010460450ns5:AcceleratedTaxDepreciationDeferredTax2022-11-3010460450ns5:DeferredTaxation2022-11-3010460450ns5:DeferredTaxation2022-12-012024-04-3010460450ns5:DeferredTaxation2024-04-3010460450ns10:OrdinaryShareClass12024-04-30104604501ns10:Director12022-11-30104604501ns10:Director12021-11-30104604501ns10:Director12022-12-012024-04-30104604501ns10:Director12021-12-012022-11-30104604501ns10:Director12024-04-30104604501ns10:Director12022-11-30
REGISTERED NUMBER: 10460450 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024

FOR

MARC WILES MANAGEMENT LIMITED

MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARC WILES MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024







DIRECTORS: Mr Marc A. Wiles
Ms Kerstin Kubisch





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 10460450 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,108

CURRENT ASSETS
Debtors 5 4,484 18,521
Cash at bank and in hand 1,523 59,195
6,007 77,716
CREDITORS
Amounts falling due within one year 6 5,907 31,974
NET CURRENT ASSETS 100 45,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

47,850

PROVISIONS FOR LIABILITIES 7 - 400
NET ASSETS 100 47,450

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings - 47,350
SHAREHOLDERS' FUNDS 100 47,450

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

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





Mr Marc A. Wiles - Director


MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024

1. STATUTORY INFORMATION

Marc Wiles Management Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 25% on cost

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 420 4,056 4,476
Additions - 1,382 1,382
Disposals (420 ) (5,438 ) (5,858 )
At 30 April 2024 - - -
DEPRECIATION
At 1 December 2022 419 1,949 2,368
Charge for period - 1,237 1,237
Eliminated on disposal (419 ) (3,186 ) (3,605 )
At 30 April 2024 - - -
NET BOOK VALUE
At 30 April 2024 - - -
At 30 November 2022 1 2,107 2,108

MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.11.22
£    £   
Trade debtors 1,200 1,200
Amounts recoverable on contract - 14,904
Other debtors 1,505 17
Directors' current accounts 1,350 -
Corporation tax recoverable 429 -
FEU tax recoverable - 2,400
4,484 18,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.11.22
£    £   
Trade creditors 210 35
Corporation tax - 4,512
VAT 3,948 13,525
Directors' current accounts - 11,646
Accruals and deferred income 1,749 2,256
5,907 31,974

7. PROVISIONS FOR LIABILITIES
30.4.24 30.11.22
£    £   
Deferred tax
Accelerated capital allowances - 400

Deferred
tax
£   
Balance at 1 December 2022 400
Provided during period (400 )
Balance at 30 April 2024 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.11.22
value: £    £   
100 Ordinary voting shares -
Classes A - E £1 100 100

The total share capital of the Company has been sub divided into five separate classes of ordinary share labelled A to E inclusive, each class containing an authorised share capital of 10,000 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards to income, share classes A to E inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the Director, as declared by the Company from time to time.

MARC WILES MANAGEMENT LIMITED (REGISTERED NUMBER: 10460450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 30 APRIL 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2024 and the year ended 30 November 2022:

30.4.24 30.11.22
£    £   
Mr Marc A. Wiles
Balance outstanding at start of period - -
Amounts advanced 1,350 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,350 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Marc A. Wiles.