Registered number
07241985
Marlow Sports Ltd
Filleted Accounts
31 March 2024
Marlow Sports Ltd
Registered number: 07241985
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,619 5,701
Investments 4 6,000 -
7,619 5,701
Current assets
Debtors 5 4,837 4,238
Cash at bank and in hand 1,889 3,152
6,726 7,390
Creditors: amounts falling due within one year 6 (6,561) 340
Net current assets 165 7,730
Total assets less current liabilities 7,784 13,431
Creditors: amounts falling due after more than one year 7 (4,126) (6,563)
Net assets 3,658 6,868
Capital and reserves
Called up share capital 50 50
Profit and loss account 3,608 6,818
Shareholder's funds 3,658 6,868
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gary Marlow
Director
Approved by the board on 17 September 2024
Marlow Sports Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 14,319
At 31 March 2024 14,319
Depreciation
At 1 April 2023 8,618
Charge for the year 4,082
At 31 March 2024 12,700
Net book value
At 31 March 2024 1,619
At 31 March 2023 5,701
4 Investments
Other
investments
£
Cost
Additions 6,000
At 31 March 2024 6,000
5 Debtors 2024 2023
£ £
Trade debtors 4,015 4,238
Other debtors 822 -
4,837 4,238
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 703 453
Taxation and social security costs 5,225 4,700
Other creditors 633 (5,493)
6,561 (340)
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,200 7,600
Other creditors (1,074) (1,037)
4,126 6,563
8 Other information
Marlow Sports Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Planet House
North Heath Lane Industrial Estate
Horsham
West Sussex
RH12 5QE
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