Registered number
13234014
Marsh DP Ltd
Filleted Accounts
31 March 2024
Marsh DP Ltd
Registered number: 13234014
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 220,000 220,000
Tangible assets 4 24,625 30,781
244,625 250,781
Current assets
Debtors 5 3,713 3,536
Cash at bank and in hand 40,665 27,477
44,378 31,013
Creditors: amounts falling due within one year 6 (206,490) (172,717)
Net current liabilities (162,112) (141,704)
Total assets less current liabilities 82,513 109,077
Creditors: amounts falling due after more than one year 7 (70,415) (104,004)
Net assets 12,098 5,073
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,998 4,973
Shareholder's funds 12,098 5,073
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.
Dr S Marsh
Director
Approved by the board on 8 October 2024
Marsh DP 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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 5 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 220,000
At 31 March 2024 220,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 220,000
At 31 March 2023 220,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 46,876
At 31 March 2024 46,876
Depreciation
At 1 April 2023 16,095
Charge for the year 6,156
At 31 March 2024 22,251
Net book value
At 31 March 2024 24,625
At 31 March 2023 30,781
5 Debtors 2024 2023
£ £
Trade debtors 3,713 3,536
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 38,784 37,812
Trade creditors 28,029 17,506
Taxation and social security costs 10,282 9,252
Other creditors 129,395 108,147
206,490 172,717
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 70,415 104,004
8 Transactions with Directors
At 31 March 2022, the company owed the director, Dr S Marsh, £129,395 (2023: £108,147).
9 Other information
Marsh DP Ltd is a private company limited by shares and incorporated in England. Its registered office is:
36 Victoria Gardens
Neath
West Glamorgan
SA11 3BH
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