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REGISTERED NUMBER: 02265286 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARKERLINE LTD
TRADING AS
ELTHAM TEST CENTRE

MARKERLINE LTD (REGISTERED NUMBER: 02265286)
TRADING AS ELTHAM TEST CENTRE






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


MARKERLINE LTD
TRADING AS ELTHAM TEST CENTRE

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: G Richards
H M Knowles





SECRETARY: G Richards





REGISTERED OFFICE: 1 Avery Hill Road
New Eltham
London
SE9 2BD





REGISTERED NUMBER: 02265286 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MARKERLINE LTD (REGISTERED NUMBER: 02265286)
TRADING AS ELTHAM TEST CENTRE

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 47,992 61,655
Investments 6 14,400 14,400
62,393 76,056

CURRENT ASSETS
Debtors 7 9,961 2,673
Cash at bank and in hand 49,066 40,419
59,027 43,092
CREDITORS
Amounts falling due within one year 8 (91,361 ) (63,967 )
NET CURRENT LIABILITIES (32,334 ) (20,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,059

55,181

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,959 55,081
SHAREHOLDERS' FUNDS 30,059 55,181

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.

MARKERLINE LTD (REGISTERED NUMBER: 02265286)
TRADING AS ELTHAM TEST CENTRE

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 23 September 2024 and were signed on its behalf by:





G Richards - Director


MARKERLINE LTD (REGISTERED NUMBER: 02265286)
TRADING AS ELTHAM TEST CENTRE

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Markerline Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1988, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MARKERLINE LTD (REGISTERED NUMBER: 02265286)
TRADING AS ELTHAM TEST CENTRE

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 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 92,000
AMORTISATION
At 1 January 2023
and 31 December 2023 91,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 88,288 168,344 256,632
Additions - 6,511 6,511
Disposals - (16,500 ) (16,500 )
At 31 December 2023 88,288 158,355 246,643
DEPRECIATION
At 1 January 2023 88,288 106,689 194,977
Charge for year - 15,938 15,938
Eliminated on disposal - (12,264 ) (12,264 )
At 31 December 2023 88,288 110,363 198,651
NET BOOK VALUE
At 31 December 2023 - 47,992 47,992
At 31 December 2022 - 61,655 61,655

MARKERLINE LTD (REGISTERED NUMBER: 02265286)
TRADING AS ELTHAM TEST CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 14,400
NET BOOK VALUE
At 31 December 2023 14,400
At 31 December 2022 14,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,628 2,673
Other debtors 6,333 -
9,961 2,673

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,658 37,991
Taxation and social security 9,787 7,811
Other creditors 21,916 18,165
91,361 63,967