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Registered number: 13070681
Marstonvale Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
The Numbers Quarter Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13070681
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,837 5,480
3,837 5,480
CURRENT ASSETS
Stocks 5 24,500 16,000
Debtors 6 2,736 4,500
Cash at bank and in hand 6,949 15,094
34,185 35,594
Creditors: Amounts Falling Due Within One Year 7 (54,217 ) (53,303 )
NET CURRENT ASSETS (LIABILITIES) (20,032 ) (17,709 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,195 ) (12,229 )
NET LIABILITIES (16,195 ) (12,229 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (16,197 ) (12,231 )
SHAREHOLDERS' FUNDS (16,195) (12,229)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lianne Meakins
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marstonvale Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13070681 . The registered office is Dombey Court, Brickhill Drive, Bedford, Bedfordshire, MK41 7PZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance over 3 years
Motor Vehicles Reducing balance over 3 years
Fixtures & Fittings Reducing balance over 3 years
Computer Equipment Reducing balance over 3 years
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 670 9,333 281 1,095 11,379
Additions 277 - - - 277
As at 31 December 2023 947 9,333 281 1,095 11,656
Depreciation
As at 1 January 2023 306 5,144 122 327 5,899
Provided during the period 192 1,382 93 253 1,920
As at 31 December 2023 498 6,526 215 580 7,819
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2023 449 2,807 66 515 3,837
As at 1 January 2023 364 4,189 159 768 5,480
5. Stocks
2023 2022
£ £
Stock 24,500 -
Work in progress - 16,000
24,500 16,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,736 900
Prepayments and accrued income - 3,000
2,736 3,900
Due after more than one year
Other debtors - 600
2,736 4,500
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 22,661 24,569
Other taxes and social security 5,959 3,195
VAT 8,208 8,801
Director's loan account 17,389 16,738
54,217 53,303
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4