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REGISTERED NUMBER: 09189865 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Mark Bloxham Stamps Limited

Mark Bloxham Stamps Limited (Registered number: 09189865)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark Bloxham Stamps Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Bloxham
Miss E Ryan





SECRETARY: Miss G Shone





REGISTERED OFFICE: Roland House
Princes Dock Street
Hull
HU1 2LD





REGISTERED NUMBER: 09189865 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
Hull
HU1 2LD

Mark Bloxham Stamps Limited (Registered number: 09189865)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 69,375 161,875
Tangible assets 5 9,670 13,459
79,045 175,334

CURRENT ASSETS
Stocks 101,048 158,137
Debtors 6 14,658 59,305
Cash at bank and in hand 8,229 33,278
123,935 250,720
CREDITORS
Amounts falling due within one year 7 203,368 355,543
NET CURRENT LIABILITIES (79,433 ) (104,823 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(388

)

70,511

CREDITORS
Amounts falling due after more than one
year

8

(15,012

)

(73,752

)

PROVISIONS FOR LIABILITIES (1,837 ) (2,557 )
NET LIABILITIES (17,237 ) (5,798 )

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 (18,237 ) (6,798 )
SHAREHOLDERS' FUNDS (17,237 ) (5,798 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Bloxham Stamps Limited (Registered number: 09189865)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





M Bloxham - Director


Mark Bloxham Stamps Limited (Registered number: 09189865)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mark Bloxham Stamps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements through loan facilities including from its bankers. The company expects to operate within these facilities.

The company is also dependant on the continued financial support of the Directors who have agreed to provide such support to ensure the company will be able to trade as a going concern for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from the sale of goods is recognised when goods are delivered and the legal title has passed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised on all 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. 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.

Mark Bloxham Stamps Limited (Registered number: 09189865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 925,000
AMORTISATION
At 1 January 2023 763,125
Charge for year 92,500
At 31 December 2023 855,625
NET BOOK VALUE
At 31 December 2023 69,375
At 31 December 2022 161,875

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 62,793
Additions 1,115
Disposals (1,667 )
At 31 December 2023 62,241
DEPRECIATION
At 1 January 2023 49,334
Charge for year 4,154
Eliminated on disposal (917 )
At 31 December 2023 52,571
NET BOOK VALUE
At 31 December 2023 9,670
At 31 December 2022 13,459

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,986 53,110
Other debtors 1,672 6,195
14,658 59,305

Mark Bloxham Stamps Limited (Registered number: 09189865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 108,871 114,807
Trade creditors 748 102,016
Taxation and social security 30,236 21,417
Other creditors 63,513 117,303
203,368 355,543

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,012 23,752
Other creditors - 50,000
15,012 73,752

9. SECURED DEBTS

The bank loan is secured by a fixed and floating charge over all the assets and undertakings of Mark Bloxham Stamps Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 January 2023 (6,798 )
Deficit for the year (11,439 )
At 31 December 2023 (18,237 )

Mark Bloxham Stamps Limited (Registered number: 09189865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RELATED PARTY DISCLOSURES

Rent of £6,300 (2022 - £6,300) was paid to the directors during the year.

At 31 December 2023 £10,338 (2022 - £44,665) was owed to Mr M Bloxham and £10,338 (2022 - £44,665) was owed to Miss E Ryan.

During the year the company purchased services of £NIL (2022 - £810) from PTS Stamp & Coin Exhibitions Limited, a company of which M Bloxham is a Director. These transactions were on normal commercial terms. At 31 December 2023 £NIL (2022 - £NIL) was owed to PTS Stamp & Coin Exhibitions Limited.

During the year the company purchased services of £6,083 (2022 - £6,043) from The Philatelic Traders Society Limited, a company of which M Bloxham is a Director. These transactions were on normal commercial terms. At 31 December 2023 £NIL (2022 - £NIL) was owed to The Philatelic Traders Society Limited.

During the year the company purchased services of £111 (2022 - £85) from PTS Expertising Limited, a company of which M Bloxham is a Director. These transactions were on normal commercial terms. At 31 December 2023 £NIL (2022 - £NIL) was owed to PTS Expertising Limited.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by M Bloxham and Miss E Ryan.