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Registered number: 06738660
Marks Heeley Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Thorley Accounting Services Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06738660
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,297 10,184
35,297 10,184
CURRENT ASSETS
Debtors 3,408,747 2,680,454
Cash at bank and in hand 1,544,256 1,865,587
4,953,003 4,546,041
Creditors: Amounts Falling Due Within One Year (3,687,919 ) (3,295,492 )
NET CURRENT ASSETS (LIABILITIES) 1,265,084 1,250,549
TOTAL ASSETS LESS CURRENT LIABILITIES 1,300,381 1,260,733
Creditors: Amounts Falling Due After More Than One Year (992 ) (992 )
NET ASSETS 1,299,389 1,259,741
CAPITAL AND RESERVES
Called up share capital 5 120 120
Profit and Loss Account 1,299,269 1,259,621
SHAREHOLDERS' FUNDS 1,299,389 1,259,741
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Graham Newman
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Marks Heeley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06738660 . The registered office is Suite 1 The Stables, Cannons Mill Lane, Bishops Stortford, Herts, CM23 2BN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 14)
14 14
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 67,387
Additions 42,384
Disposals (24,900 )
As at 30 November 2023 84,871
Depreciation
As at 1 December 2022 57,203
Provided during the period 10,009
Disposals (17,638 )
As at 30 November 2023 49,574
Net Book Value
As at 30 November 2023 35,297
As at 1 December 2022 10,184
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Page 4
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 120 120
6. Related Party Transactions
MHB Property Ltd
GJ Newman is a director and shareholder of this company.
During the year the company was charged £28,739 for rent and service charges by MHB Property Ltd (£27,967 2022).
During the year the company charged MHB Property Ltd £57,500 for management services (£60,000 2022)
At the balance sheet date the company was owed £1,578,201 (£1,484,871 2022) by MHB Property Ltd 
Marks Heeley Brorhwell Ltd
GJ Newman is a director and shareholder of this company
At the balance sheet date the company owed £20,242 (£20,242 2022) to Marks Heeley Brothwell Ltd.
Birch Lodge Developments Ltd
GJ Newman is a director and shareholder of this company
At the balance sheet date the company was owed £1,548,460 (£248,385 2022) by Birch Lodge Developments Ltd
Page 4