Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30112023-05-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04735627 2023-05-01 2024-04-30 04735627 2022-05-01 2023-04-30 04735627 2024-04-30 04735627 2023-04-30 04735627 c:Director1 2023-05-01 2024-04-30 04735627 d:FurnitureFittings 2023-05-01 2024-04-30 04735627 d:FurnitureFittings 2024-04-30 04735627 d:FurnitureFittings 2023-04-30 04735627 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04735627 d:CurrentFinancialInstruments 2024-04-30 04735627 d:CurrentFinancialInstruments 2023-04-30 04735627 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04735627 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04735627 d:ShareCapital 2024-04-30 04735627 d:ShareCapital 2023-04-30 04735627 d:RetainedEarningsAccumulatedLosses 2024-04-30 04735627 d:RetainedEarningsAccumulatedLosses 2023-04-30 04735627 c:FRS102 2023-05-01 2024-04-30 04735627 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04735627 c:FullAccounts 2023-05-01 2024-04-30 04735627 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04735627 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number:04735627














MARION BARNES LTD
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MARION BARNES LTD
REGISTERED NUMBER:04735627

BALANCE SHEET
AS AT 30 APRIL 2024




2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,310
2,118

  
2,310
2,118

Current assets
  

Debtors: amounts falling due within one year
 5 
3,894
5,187

Current asset investments
 6 
20
20

Cash at bank and in hand
 7 
11,198
10,529

  
15,112
15,736

Creditors: amounts falling due within one year
 8 
(6,252)
(5,559)

Net current assets
  
 
 
8,860
 
 
10,177

Total assets less current liabilities
  
11,170
12,295

Provisions for liabilities
  

Deferred tax
  
(439)
(402)

  
 
 
(439)
 
 
(402)

Net assets
  
10,731
11,893


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
10,730
11,892

  
10,731
11,893


Page 1

 
MARION BARNES LTD
REGISTERED NUMBER:04735627
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 September 2024.




Marion Barnes
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MARION BARNES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Marion Barnes Limited is a private company limited by shares and incorporated in Engalnd and Wales, registration number 04735627. The registered office is Faiers House, Gilray Road, Diss, Norfolk, IP22 4WR. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant 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. 

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MARION BARNES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MARION BARNES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
MARION BARNES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 May 2023
6,680


Additions
963



At 30 April 2024

7,643



Depreciation


At 1 May 2023
4,562


Charge for the year on owned assets
771



At 30 April 2024

5,333



Net book value



At 30 April 2024
2,310



At 30 April 2023
2,118

Page 6

 
MARION BARNES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
3,579
4,880

Prepayments and accrued income
315
307

3,894
5,187



6.


Current asset investments

2024
2023
£
£

Unlisted investments
20
20

20
20



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,198
10,529

11,198
10,529



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,423
953

Corporation tax
160
848

Other taxation and social security
427
1,265

Other creditors
2,462
1,733

Accruals and deferred income
780
760

6,252
5,559


Page 7

 
MARION BARNES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,900 (2023 - £14,000). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.


10.


Related party transactions

At 1 May 2023 the company owed £1,733 to Marion Barnes, the sole director of the company. During the year, net funds of £729 were paid to the company, leaving an amount owing by the company at the year end of £2,462.


11.


Controlling party

The Company is controlled by Marion Barnes, the sole director and shareholder.

 
Page 8