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REGISTERED NUMBER: 10087000 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Marlbrook Financial Services Ltd

Marlbrook Financial Services Ltd (Registered number: 10087000)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marlbrook Financial Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G P Hill





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 10087000 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Marlbrook Financial Services Ltd (Registered number: 10087000)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,065 28,317

CURRENT ASSETS
Debtors 5 7,323 6,342
Cash at bank 14,715 13,900
22,038 20,242
CREDITORS
Amounts falling due within one year 6 17,652 19,421
NET CURRENT ASSETS 4,386 821
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,451

29,138

CREDITORS
Amounts falling due after more than
one year

7

(18,713

)

(23,349

)

PROVISIONS FOR LIABILITIES 9 (4,000 ) (5,570 )
NET ASSETS 2,738 219

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 2,637 118
SHAREHOLDERS' FUNDS 2,738 219

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

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

The director acknowledges his 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.

Marlbrook Financial Services Ltd (Registered number: 10087000)

Balance Sheet - continued
30 June 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 director and authorised for issue on 6 August 2024 and were signed by:





G P Hill - Director


Marlbrook Financial Services Ltd (Registered number: 10087000)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Marlbrook Financial Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

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.

Marlbrook Financial Services Ltd (Registered number: 10087000)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 998 49,440 10,180 60,618
DEPRECIATION
At 1 July 2023 656 23,948 7,697 32,301
Charge for year 51 6,373 828 7,252
At 30 June 2024 707 30,321 8,525 39,553
NET BOOK VALUE
At 30 June 2024 291 19,119 1,655 21,065
At 30 June 2023 342 25,492 2,483 28,317

Marlbrook Financial Services Ltd (Registered number: 10087000)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 49,440
DEPRECIATION
At 1 July 2023 23,948
Charge for year 6,373
At 30 June 2024 30,321
NET BOOK VALUE
At 30 June 2024 19,119
At 30 June 2023 25,492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Directors' current accounts 4,054 4,054
Tax 1,368 1,368
Prepayments 1,901 920
7,323 6,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 4,636 6,182
Corporation tax 9,490 11,597
Social security and other taxes 731 143
Other creditors 1,295 -
Accruals 1,500 1,499
17,652 19,421

Marlbrook Financial Services Ltd (Registered number: 10087000)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 18,713 23,349

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 23,349 29,531

The hire purchase obligations are secured on the asset to which they relate.

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 4,000 5,570

Deferred
tax
£   
Balance at 1 July 2023 5,570
Credit to Statement of Income and Retained Earnings during
year

(1,570

)
Balance at 30 June 2024 4,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
101 101

Marlbrook Financial Services Ltd (Registered number: 10087000)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
G P Hill
Balance outstanding at start of year 4,054 -
Amounts advanced 17,400 42,054
Amounts repaid (17,400 ) (38,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,054 4,054

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G P Hill.