MARK WALTON DECORATORS LIMITED

Company Registration Number:
07841713 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

MARK WALTON DECORATORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

MARK WALTON DECORATORS LIMITED

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The principal activity of the Company in the year under review was that of decorating services.



Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

MARK WALTON


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 August 2024

And signed on behalf of the board by:
Name: MARK WALTON
Status: Director

MARK WALTON DECORATORS LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,981 5,329
Total fixed assets: 3,981 5,329
Current assets
Stocks: 4 750 750
Debtors: 5 2,550 0
Cash at bank and in hand: 72 147
Total current assets: 3,372 897
Creditors: amounts falling due within one year: 6 ( 6,782 ) ( 4,165 )
Net current assets (liabilities): (3,410) (3,268)
Total assets less current liabilities: 571 2,061
Provision for liabilities: ( 115 ) ( 254 )
Total net assets (liabilities): 456 1,807
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 356 1,707
Total Shareholders' funds: 456 1,807

The notes form part of these financial statements

MARK WALTON DECORATORS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 August 2024
and signed on behalf of the board by:

Name: MARK WALTON
Status: Director

The notes form part of these financial statements

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is the total amount receivable by the Company in the ordinary course of business for work done up to the Balance Sheet date.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and impairment . Depreciation is provided at the following annual rates to write off each asset over its estimated useful life. -Office Equipment -15% on cost. -Motor vehicle -25% on reducing instalments basis.

    Valuation information and policy

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

    Other accounting policies

    Taxation: Taxation represents the sum of tax currently payable . Deferred Tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's Accounts. Deferred Tax is provided in full on timing differences which result in an obligation to pay more tax at a future date , at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Debtors and Creditors receivable/payable within one year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price . Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Leased Assets: Rentals appropriate to operating leases where substantially all the benefits and risks of ownership remain with the Lessor are charged against profit on a straight line basis over the lease term.

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 1,543 4,865 6,408
Additions
Disposals
Revaluations
Transfers 1 1
At 30 November 2023 1,543 4,864 6,407
Depreciation
At 1 December 2022 674 405 1,079
Charge for year 231 1,115 1,346
On disposals
Other adjustments 1 1
At 30 November 2023 906 1,520 2,426
Net book value
At 30 November 2023 637 3,344 3,981
At 30 November 2022 869 4,460 5,329

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 750 750
Total 750 750

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,550 0
Other debtors 1,000 0
Total 2,550 0

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 0 815
Taxation and social security 11 11
Other creditors 6,771 3,339
Total 6,782 4,165

MARK WALTON DECORATORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Loans to directors

Name of director receiving advance or credit: MARK WALTON
Description of the transaction:
Short Term Loan repaid in full since the year end date.
£
Balance at 30 November 2022
Advances or credits made: 1,000
Advances or credits repaid:
Balance at 30 November 2023 1,000