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Registered number: 00417049
Marlborough Tiles Holdings Limited
Financial Statements
For The Year Ended 31 December 2023
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00417049
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 361,120 364,080
Investments 5 1 1
361,121 364,081
CURRENT ASSETS
Debtors 6 166,633 430,250
Cash at bank and in hand 8,492 16,422
175,125 446,672
Creditors: Amounts Falling Due Within One Year 7 (58,938 ) (61,296 )
NET CURRENT ASSETS (LIABILITIES) 116,187 385,376
TOTAL ASSETS LESS CURRENT LIABILITIES 477,308 749,457
PROVISIONS FOR LIABILITIES
Deferred Taxation (68,613 ) (69,175 )
NET ASSETS 408,695 680,282
CAPITAL AND RESERVES
Called up share capital 8 990,000 990,000
Profit and Loss Account (581,305 ) (309,718 )
SHAREHOLDERS' FUNDS 408,695 680,282
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alastair Robb
Director
15/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Marlborough Tiles Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00417049 . The registered office is Elcot Lane, Marlborough, Wiltshire, SN8 2AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the life of the lease
2.3. Taxation
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 January 2023 370,000
As at 31 December 2023 370,000
Depreciation
As at 1 January 2023 5,920
Provided during the period 2,960
As at 31 December 2023 8,880
Net Book Value
As at 31 December 2023 361,120
As at 1 January 2023 364,080
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5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 1
As at 31 December 2023 1
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1
Investment in shares are included at cost.
6. Debtors
2023 2022
£ £
Due within one year
Due after more than one year
Amounts owed by subsidiaries 166,633 430,250
166,633 430,250
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 5,695 3,053
Accruals 37,500 50,000
Director's loan account 15,743 8,243
58,938 61,296
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 990,000 990,000
9. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. 
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