IRIS Accounts Production v24.2.0.383 10176253 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101762532023-03-31101762532024-03-31101762532023-04-012024-03-31101762532022-03-31101762532022-04-012023-03-31101762532023-03-3110176253ns15:EnglandWales2023-04-012024-03-3110176253ns14:PoundSterling2023-04-012024-03-3110176253ns10:Director12023-04-012024-03-3110176253ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110176253ns10:SmallEntities2023-04-012024-03-3110176253ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110176253ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110176253ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110176253ns10:FullAccounts2023-04-012024-03-3110176253ns10:RegisteredOffice2023-04-012024-03-3110176253ns5:CurrentFinancialInstruments2024-03-3110176253ns5:CurrentFinancialInstruments2023-03-3110176253ns5:Non-currentFinancialInstruments2024-03-3110176253ns5:Non-currentFinancialInstruments2023-03-3110176253ns5:ShareCapital2024-03-3110176253ns5:ShareCapital2023-03-3110176253ns5:RetainedEarningsAccumulatedLosses2024-03-3110176253ns5:RetainedEarningsAccumulatedLosses2023-03-3110176253ns5:PlantMachinery2023-03-3110176253ns5:FurnitureFittings2023-03-3110176253ns5:MotorVehicles2023-03-3110176253ns5:ComputerEquipment2023-03-3110176253ns5:PlantMachinery2023-04-012024-03-3110176253ns5:FurnitureFittings2023-04-012024-03-3110176253ns5:MotorVehicles2023-04-012024-03-3110176253ns5:ComputerEquipment2023-04-012024-03-3110176253ns5:PlantMachinery2024-03-3110176253ns5:FurnitureFittings2024-03-3110176253ns5:MotorVehicles2024-03-3110176253ns5:ComputerEquipment2024-03-3110176253ns5:PlantMachinery2023-03-3110176253ns5:FurnitureFittings2023-03-3110176253ns5:MotorVehicles2023-03-3110176253ns5:ComputerEquipment2023-03-3110176253ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110176253ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110176253ns5:DeferredTaxation2023-03-3110176253ns5:DeferredTaxation2023-04-012024-03-3110176253ns5:DeferredTaxation2024-03-31101762531ns10:Director12023-03-31101762531ns10:Director12022-03-31101762531ns10:Director12023-04-012024-03-31101762531ns10:Director12022-04-012023-03-31101762531ns10:Director12024-03-31101762531ns10:Director12023-03-31
REGISTERED NUMBER: 10176253 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mark Clubbe Limited

Mark Clubbe Limited (Registered number: 10176253)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mark Clubbe Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: M Clubbe





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 10176253 (England and Wales)

Mark Clubbe Limited (Registered number: 10176253)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,642 16,518

CURRENT ASSETS
Debtors 6 17,194 37,153
Cash at bank 566 974
17,760 38,127
CREDITORS
Amounts falling due within one year 7 44,484 42,325
NET CURRENT LIABILITIES (26,724 ) (4,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,082

)

12,320

CREDITORS
Amounts falling due after more than one year 8 (30,259 ) (36,313 )

PROVISIONS FOR LIABILITIES 10 (2,972 ) (3,138 )
NET LIABILITIES (44,313 ) (27,131 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (44,413 ) (27,231 )
(44,313 ) (27,131 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Mark Clubbe Limited (Registered number: 10176253)

Statement of Financial Position - continued
31 March 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





M Clubbe - Director


Mark Clubbe Limited (Registered number: 10176253)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Mark Clubbe Limited ('The Company') is primarily engaged in the provision of services in the plastering industry.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The company has a net asset deficiency and requires the continued support of the director. The director has indicated that loans will continue to be made available within which the company will be able to operate.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Mark Clubbe Limited (Registered number: 10176253)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Motor Vehicles- 25% on reducing balance
Plant and Machinery- 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Computer Equipment - 33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of Comprehensive Income.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Mark Clubbe Limited (Registered number: 10176253)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 904 - 32,290 - 33,194
Additions - 3,770 - 640 4,410
At 31 March 2024 904 3,770 32,290 640 37,604
DEPRECIATION
At 1 April 2023 509 - 16,167 - 16,676
Charge for year 99 943 4,031 213 5,286
At 31 March 2024 608 943 20,198 213 21,962
NET BOOK VALUE
At 31 March 2024 296 2,827 12,092 427 15,642
At 31 March 2023 395 - 16,123 - 16,518

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 14,628
Other debtors 17,194 22,525
17,194 37,153

Mark Clubbe Limited (Registered number: 10176253)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,268 3,268
Hire purchase contracts 3,178 4,536
Trade creditors 298 274
Taxation and social security 7,735 8,121
Other creditors 30,005 26,126
44,484 42,325

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,388 18,151
Hire purchase contracts 14,871 18,162
30,259 36,313

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,316 5,079

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 18,049 22,698

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,972 3,138

Deferred
tax
£   
Balance at 1 April 2023 3,138
Provided during year (166 )
Balance at 31 March 2024 2,972

Mark Clubbe Limited (Registered number: 10176253)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M Clubbe
Balance outstanding at start of year 21,462 35,269
Amounts advanced 35,732 26,463
Amounts repaid - -
Amounts written off (40,000 ) (40,270 )
Amounts waived - -
Balance outstanding at end of year 17,194 21,462