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REGISTERED NUMBER: 02632801 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED

F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M C Joyce
P D Joyce
L Morton





REGISTERED OFFICE: Ryde Business Park
Nicholson Road
Ryde
Isle of Wight
PO33 1BE





REGISTERED NUMBER: 02632801 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,229 304,729
Investment property 5 130,000 130,000
413,229 434,729

CURRENT ASSETS
Stocks 19,000 21,000
Debtors 6 2,181,136 2,638,324
Cash at bank and in hand 1,983,115 1,363,366
4,183,251 4,022,690
CREDITORS
Amounts falling due within one year 7 2,118,373 1,215,584
NET CURRENT ASSETS 2,064,878 2,807,106
TOTAL ASSETS LESS CURRENT LIABILITIES 2,478,107 3,241,835

PROVISIONS FOR LIABILITIES 74,847 68,815
NET ASSETS 2,403,260 3,173,020

CAPITAL AND RESERVES
Called up share capital 1,999 1,999
Share premium 9,000 9,000
Retained earnings 2,392,261 3,162,021
SHAREHOLDERS' FUNDS 2,403,260 3,173,020

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.

F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

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 18 September 2024 and were signed on its behalf by:





M C Joyce - Director


F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

F W Marsh (Electrical And Mechanical) 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of sales (excluding value added tax and similar taxes and trade discounts), of goods and services in the normal course of business.

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 reducing balance, 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Contracts in progress
Amounts due to the company under contracts are included in debtors based on a proportion of sales value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 68 ) .

F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 752,755
Additions 83,780
Disposals (96,074 )
At 31 December 2023 740,461
DEPRECIATION
At 1 January 2023 448,026
Charge for year 71,251
Eliminated on disposal (62,045 )
At 31 December 2023 457,232
NET BOOK VALUE
At 31 December 2023 283,229
At 31 December 2022 304,729

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 130,000
NET BOOK VALUE
At 31 December 2023 130,000
At 31 December 2022 130,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2012 (1,454 )
Valuation in 2020 20,000
Valuation in 2021 111,454
130,000

F W MARSH (ELECTRICAL AND MECHANICAL)
LIMITED (REGISTERED NUMBER: 02632801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

If had not been revalued would have been included at the following historical cost:

2023 2022
£    £   
Cost 90,343 90,343

Investment property was valued on an open market basis on 31 December 2023 by a director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,293,106 944,909
Amounts recoverable on contract 797,028 1,610,427
Other debtors 91,002 82,988
2,181,136 2,638,324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,887 121,111
Taxation and social security 83,495 95,574
Other creditors 1,965,991 998,899
2,118,373 1,215,584