2023-04-012024-03-312024-03-31false10645226MARC POWSEY SERVICES LTD2024-10-30iso4217:GBPxbrli:pure106452262023-04-01106452262024-03-31106452262023-04-012024-03-31106452262022-04-01106452262023-03-31106452262022-04-012023-03-3110645226bus:SmallEntities2023-04-012024-03-3110645226bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110645226bus:FullAccounts2023-04-012024-03-3110645226bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110645226core:WithinOneYear2024-03-3110645226core:AfterOneYear2024-03-3110645226core:WithinOneYear2023-03-3110645226core:AfterOneYear2023-03-3110645226core:ShareCapital2024-03-3110645226core:SharePremium2024-03-3110645226core:RevaluationReserve2024-03-3110645226core:OtherReservesSubtotal2024-03-3110645226core:RetainedEarningsAccumulatedLosses2024-03-3110645226core:ShareCapital2023-03-3110645226core:SharePremium2023-03-3110645226core:RevaluationReserve2023-03-3110645226core:OtherReservesSubtotal2023-03-3110645226core:RetainedEarningsAccumulatedLosses2023-03-3110645226core:LandBuildings2024-03-3110645226core:PlantMachinery2024-03-3110645226core:Vehicles2024-03-3110645226core:FurnitureFittings2024-03-3110645226core:OfficeEquipment2024-03-3110645226core:NetGoodwill2024-03-3110645226core:IntangibleAssetsOtherThanGoodwill2024-03-3110645226core:ListedExchangeTraded2024-03-3110645226core:UnlistedNon-exchangeTraded2024-03-3110645226core:LandBuildings2023-03-3110645226core:PlantMachinery2023-03-3110645226core:Vehicles2023-03-3110645226core:FurnitureFittings2023-03-3110645226core:OfficeEquipment2023-03-3110645226core:NetGoodwill2023-03-3110645226core:IntangibleAssetsOtherThanGoodwill2023-03-3110645226core:ListedExchangeTraded2023-03-3110645226core:UnlistedNon-exchangeTraded2023-03-3110645226core:LandBuildings2023-04-012024-03-3110645226core:PlantMachinery2023-04-012024-03-3110645226core:Vehicles2023-04-012024-03-3110645226core:FurnitureFittings2023-04-012024-03-3110645226core:OfficeEquipment2023-04-012024-03-3110645226core:NetGoodwill2023-04-012024-03-3110645226core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110645226core:ListedExchangeTraded2023-04-012024-03-3110645226core:UnlistedNon-exchangeTraded2023-04-012024-03-3110645226core:MoreThanFiveYears2023-04-012024-03-3110645226core:Non-currentFinancialInstruments2024-03-3110645226core:Non-currentFinancialInstruments2023-03-3110645226dpl:CostSales2023-04-012024-03-3110645226dpl:DistributionCosts2023-04-012024-03-3110645226core:LandBuildings2023-04-012024-03-3110645226core:PlantMachinery2023-04-012024-03-3110645226core:Vehicles2023-04-012024-03-3110645226core:FurnitureFittings2023-04-012024-03-3110645226core:OfficeEquipment2023-04-012024-03-3110645226dpl:AdministrativeExpenses2023-04-012024-03-3110645226core:NetGoodwill2023-04-012024-03-3110645226core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110645226dpl:GroupUndertakings2023-04-012024-03-3110645226dpl:ParticipatingInterests2023-04-012024-03-3110645226dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110645226core:ListedExchangeTraded2023-04-012024-03-3110645226dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110645226core:UnlistedNon-exchangeTraded2023-04-012024-03-3110645226dpl:CostSales2022-04-012023-03-3110645226dpl:DistributionCosts2022-04-012023-03-3110645226core:LandBuildings2022-04-012023-03-3110645226core:PlantMachinery2022-04-012023-03-3110645226core:Vehicles2022-04-012023-03-3110645226core:FurnitureFittings2022-04-012023-03-3110645226core:OfficeEquipment2022-04-012023-03-3110645226dpl:AdministrativeExpenses2022-04-012023-03-3110645226core:NetGoodwill2022-04-012023-03-3110645226core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110645226dpl:GroupUndertakings2022-04-012023-03-3110645226dpl:ParticipatingInterests2022-04-012023-03-3110645226dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110645226core:ListedExchangeTraded2022-04-012023-03-3110645226dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110645226core:UnlistedNon-exchangeTraded2022-04-012023-03-3110645226core:NetGoodwill2024-03-3110645226core:IntangibleAssetsOtherThanGoodwill2024-03-3110645226core:LandBuildings2024-03-3110645226core:PlantMachinery2024-03-3110645226core:Vehicles2024-03-3110645226core:FurnitureFittings2024-03-3110645226core:OfficeEquipment2024-03-3110645226core:AfterOneYear2024-03-3110645226core:WithinOneYear2024-03-3110645226core:ListedExchangeTraded2024-03-3110645226core:UnlistedNon-exchangeTraded2024-03-3110645226core:ShareCapital2024-03-3110645226core:SharePremium2024-03-3110645226core:RevaluationReserve2024-03-3110645226core:OtherReservesSubtotal2024-03-3110645226core:RetainedEarningsAccumulatedLosses2024-03-3110645226core:NetGoodwill2023-03-3110645226core:IntangibleAssetsOtherThanGoodwill2023-03-3110645226core:LandBuildings2023-03-3110645226core:PlantMachinery2023-03-3110645226core:Vehicles2023-03-3110645226core:FurnitureFittings2023-03-3110645226core:OfficeEquipment2023-03-3110645226core:AfterOneYear2023-03-3110645226core:WithinOneYear2023-03-3110645226core:ListedExchange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MARC POWSEY SERVICES LTD

Registered Number
10645226
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MARC POWSEY SERVICES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

POWSEY, Marc

Registered Address

1 West Terrace
Aycliffe
Newton Aycliffe
DL5 6LE

Registered Number

10645226 (England and Wales)
MARC POWSEY SERVICES LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,7991,061
1,7991,061
Current assets
Debtors413,38317,962
Cash at bank and on hand1,1244,701
14,50722,663
Creditors amounts falling due within one year5(13,155)(23,422)
Net current assets (liabilities)1,352(759)
Total assets less current liabilities3,151302
Creditors amounts falling due after one year6(6,533)-
Provisions for liabilities7(342)(202)
Net assets(3,724)100
Capital and reserves
Called up share capital100100
Profit and loss account(3,824)-
Shareholders' funds(3,724)100
The financial statements were approved and authorised for issue by the Director on 30 October 2024, and are signed on its behalf by:
POWSEY, Marc
Director
Registered Company No. 10645226
MARC POWSEY SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings33-
Office Equipment-3
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 23-2,7192,719
Additions2,1133382,451
At 31 March 242,1133,0575,170
Depreciation and impairment
At 01 April 23-1,6581,658
Charge for year7041,0101,714
Other adjustments-(1)(1)
At 31 March 247042,6673,371
Net book value
At 31 March 241,4093901,799
At 31 March 23-1,0611,061
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables9,92412,389
Amounts owed by associates and joint ventures / participating interests4134,496
Other debtors3,0461,077
Total13,38317,962
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts5,60018,200
Taxation and social security7,5555,222
Total13,15523,422
The Bounce Back Loan payable is unsecured, has a fixed interest rate of 2.5% and is repayable over 6 years, no capital or interest payments are payable in the first 12 months as covered by the HMRC Business Interruption Payment.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6,533-
Total6,533-
The Bounce Back Loan payable is unsecured, has a fixed interest rate of 2.5% and is repayable over 6 years, no capital or interest payments are payable in the first 12 months as covered by the HMRC Business Interruption Payment.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)342202
Total342202
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
POWSEY, Marc4,496(4,083)0413
4,496(4,083)0413
9.Controlling party
The ultimate controlling party is Marc Powsey.