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REGISTERED NUMBER: 06526125 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mark Webb Decorating Limited

Mark Webb Decorating Limited (Registered number: 06526125)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark Webb Decorating Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Carla Marie Fowles
Mark Ashley Webb





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 06526125 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Mark Webb Decorating Limited (Registered number: 06526125)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,228 1,971

CURRENT ASSETS
Stocks 10,396 -
Debtors 5 45,364 67,675
Cash at bank 14,328 8,144
70,088 75,819
CREDITORS
Amounts falling due within one year 6 35,011 39,091
NET CURRENT ASSETS 35,077 36,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,305

38,699

CREDITORS
Amounts falling due after more than
one year

7

-

(9,000

)

PROVISIONS FOR LIABILITIES (307 ) (375 )
NET ASSETS 35,998 29,324

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 35,996 29,322
SHAREHOLDERS' FUNDS 35,998 29,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Mark Webb Decorating Limited (Registered number: 06526125)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:




Mark Ashley Webb - Director



Carla Marie Fowles - Director


Mark Webb Decorating Limited (Registered number: 06526125)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mark Webb Decorating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Mark Webb Decorating Limited (Registered number: 06526125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 25,708
DEPRECIATION
At 1 April 2023 23,737
Charge for year 743
At 31 March 2024 24,480
NET BOOK VALUE
At 31 March 2024 1,228
At 31 March 2023 1,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,569 25,312
Other debtors 29,795 42,363
45,364 67,675

Mark Webb Decorating Limited (Registered number: 06526125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 4,000
Trade creditors 8,056 6,486
Taxation and social security 26,110 26,831
Other creditors 845 1,774
35,011 39,091

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 9,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 Shares £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mark Ashley Webb and Carla Marie Fowles
Balance outstanding at start of year 8,479 (3,506 )
Amounts advanced 86,198 -
Amounts repaid (95,014 ) 11,985
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (337 ) 8,479

Included in debtors/(creditors) is an amount due from/(to) the directors as above. This loan is interest free, undated , unsecured and repayable on demand.

Mark Webb Decorating Limited (Registered number: 06526125)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. ULTIMATE CONTROLLING PARTY

No one has a controlling interest in the company.