Marc Daniel (Camberley) Limited 07130727 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Hairdresser Digita Accounts Production Advanced 6.30.9574.0 true 07130727 2023-02-01 2024-01-31 07130727 2024-01-31 07130727 core:RetainedEarningsAccumulatedLosses 2024-01-31 07130727 core:ShareCapital 2024-01-31 07130727 core:CurrentFinancialInstruments 2024-01-31 07130727 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07130727 core:PlantMachinery 2024-01-31 07130727 bus:SmallEntities 2023-02-01 2024-01-31 07130727 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07130727 bus:FullAccounts 2023-02-01 2024-01-31 07130727 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07130727 bus:RegisteredOffice 2023-02-01 2024-01-31 07130727 bus:Director1 2023-02-01 2024-01-31 07130727 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07130727 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 07130727 core:PlantMachinery 2023-02-01 2024-01-31 07130727 core:VehiclesPlantMachinery 2023-02-01 2024-01-31 07130727 countries:EnglandWales 2023-02-01 2024-01-31 07130727 2023-01-31 07130727 core:PlantMachinery 2023-01-31 07130727 2022-02-01 2023-01-31 07130727 2023-01-31 07130727 core:RetainedEarningsAccumulatedLosses 2023-01-31 07130727 core:ShareCapital 2023-01-31 07130727 core:CurrentFinancialInstruments 2023-01-31 07130727 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07130727 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 07130727

Marc Daniel (Camberley) Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 January 2024

 

Marc Daniel (Camberley) Limited

(Registration number: 07130727)
Statement of Financial Position as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,444

1,699

Current assets

 

Stocks

5

2,000

2,000

Debtors

6

5,000

-

Cash at bank and in hand

 

6,526

10,947

 

13,526

12,947

Creditors: Amounts falling due within one year

7

(6,431)

(2,539)

Net current assets

 

7,095

10,408

Net assets

 

8,539

12,107

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

8,439

12,007

Shareholders' funds

 

8,539

12,107

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

 

Marc Daniel (Camberley) Limited

(Registration number: 07130727)
Statement of Financial Position as at 31 January 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 30 August 2024
 

.........................................
Mr M L Davidson
Director

 

Marc Daniel (Camberley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure. This includes the Government Coronavirus Job Retention Scheme.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Marc Daniel (Camberley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance

Plant and machinery

15% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 

Marc Daniel (Camberley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

1,999

1,999

At 31 January 2024

1,999

1,999

Depreciation

At 1 February 2023

300

300

Charge for the year

255

255

At 31 January 2024

555

555

Carrying amount

At 31 January 2024

1,444

1,444

At 31 January 2023

1,699

1,699

5

Stocks

2024
£

2023
£

Goods for resale

2,000

2,000

6

Debtors

2024
£

2023
£

Other debtors

5,000

-

5,000

-

 

Marc Daniel (Camberley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

8

-

55

Trade creditors

 

48

48

Taxation and social security

 

226

205

Accruals and deferred income

 

2,040

2,096

Other creditors

 

4,117

135

 

6,431

2,539

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

-

55