Richard Marshall Ltd 10584828 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the provision of musicians services and goods. Digita Accounts Production Advanced 6.30.9574.0 true true 10584828 2023-02-01 2024-01-31 10584828 2024-01-31 10584828 core:CurrentFinancialInstruments 2024-01-31 10584828 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 10584828 core:Goodwill 2024-01-31 10584828 core:FurnitureFittingsToolsEquipment 2024-01-31 10584828 bus:SmallEntities 2023-02-01 2024-01-31 10584828 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10584828 bus:FullAccounts 2023-02-01 2024-01-31 10584828 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10584828 bus:RegisteredOffice 2023-02-01 2024-01-31 10584828 bus:Director1 2023-02-01 2024-01-31 10584828 bus:Director2 2023-02-01 2024-01-31 10584828 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10584828 core:Goodwill 2023-02-01 2024-01-31 10584828 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 10584828 core:OfficeEquipment 2023-02-01 2024-01-31 10584828 countries:England 2023-02-01 2024-01-31 10584828 2023-01-31 10584828 core:Goodwill 2023-01-31 10584828 core:FurnitureFittingsToolsEquipment 2023-01-31 10584828 2022-02-01 2023-01-31 10584828 2023-01-31 10584828 core:CurrentFinancialInstruments 2023-01-31 10584828 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 10584828 core:Goodwill 2023-01-31 10584828 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 10584828

Richard Marshall Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Richard Marshall Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Richard Marshall Ltd

Company Information

Directors

Mr R B Marshall

Mrs R Marshall

Registered office

35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

 

Richard Marshall Ltd

(Registration number: 10584828)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

3,240

4,320

Tangible assets

5

214

321

 

3,454

4,641

Current assets

 

Debtors

6

1,964

-

Cash at bank and in hand

 

158

930

 

2,122

930

Creditors: Amounts falling due within one year

7

(3,857)

(3,921)

Net current liabilities

 

(1,735)

(2,991)

Net assets

 

1,719

1,650

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,619

1,550

Shareholders' funds

 

1,719

1,650

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.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

 

Richard Marshall Ltd

(Registration number: 10584828)
Balance Sheet as at 31 January 2024

.........................................
Mr R B Marshall
Director

.........................................
Mrs R Marshall
Director

 

Richard Marshall Ltd

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.

The address of its registered office is:
35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

The principal place of business is:
11 Bridgewater Park Drive
Skellow
Doncaster
South Yorkshire
DN6 8RL

These financial statements were authorised for issue by the Board on 18 September 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Richard Marshall Ltd

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

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

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class

Depreciation method and rate

33.3% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Richard Marshall Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Richard Marshall Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 February 2023

10,800

10,800

At 31 January 2024

10,800

10,800

Amortisation

At 1 February 2023

6,480

6,480

Amortisation charge

1,080

1,080

At 31 January 2024

7,560

7,560

Carrying amount

At 31 January 2024

3,240

3,240

At 31 January 2023

4,320

4,320

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

1,069

1,069

At 31 January 2024

1,069

1,069

Depreciation

At 1 February 2023

748

748

Charge for the year

107

107

At 31 January 2024

855

855

Carrying amount

At 31 January 2024

214

214

At 31 January 2023

321

321

6

Debtors

Current

2024
£

2023
£

Other debtors

1,964

-

 

Richard Marshall Ltd

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,113

2,518

Accruals and deferred income

744

708

Other creditors

-

695

3,857

3,921