IRIS Accounts Production v24.2.0.383 SC411353 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4113532023-01-31SC4113532024-01-31SC4113532023-02-012024-01-31SC4113532022-01-31SC4113532022-02-012023-01-31SC4113532023-01-31SC411353ns15:Scotland2023-02-012024-01-31SC411353ns14:PoundSterling2023-02-012024-01-31SC411353ns10:Director12023-02-012024-01-31SC411353ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC411353ns10:SmallEntities2023-02-012024-01-31SC411353ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC411353ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC411353ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC411353ns10:AbridgedAccounts2023-02-012024-01-31SC411353ns10:Director22023-02-012024-01-31SC411353ns10:RegisteredOffice2023-02-012024-01-31SC411353ns5:CurrentFinancialInstruments2023-01-31SC411353ns5:CurrentFinancialInstruments2024-01-31SC411353ns5:ShareCapital2023-01-31SC411353ns5:ShareCapital2024-01-31SC411353ns5:RetainedEarningsAccumulatedLosses2023-01-31SC411353ns5:RetainedEarningsAccumulatedLosses2024-01-31SC411353ns5:PlantMachinery2023-02-012024-01-31
REGISTERED NUMBER: SC411353 (Scotland)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Marwick Brothers Limited

Marwick Brothers Limited (Registered number: SC411353)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Marwick Brothers Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: G Marwick
Mrs S M Marwick





REGISTERED OFFICE: Fernbrae
St Martin's Road
Balbeggie
Perth
PH2 6EX





REGISTERED NUMBER: SC411353 (Scotland)





ACCOUNTANTS: Orcadia
Chartered Accountants
1 - 3 East Road
Kirkwall
Orkney
KW15 1HZ

Marwick Brothers Limited (Registered number: SC411353)

Abridged Statement of Financial Position
31 January 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
22,454 Tangible assets 4 11,498

CURRENT ASSETS
8,048 Debtors 11,928
33,163 Cash at bank 34,362
41,211 46,290
CREDITORS
39,443 Amounts falling due within one year 29,609
1,768 NET CURRENT ASSETS 16,681
24,222 TOTAL ASSETS LESS CURRENT
LIABILITIES

28,179

4,266 PROVISIONS FOR LIABILITIES 2,185
19,956 NET ASSETS 25,994

CAPITAL AND RESERVES
10 Called up share capital 10
19,946 Retained earnings 25,984
19,956 SHAREHOLDERS' FUNDS 25,994

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

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

Marwick Brothers Limited (Registered number: SC411353)

Abridged Statement of Financial Position - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2024 and were signed on its behalf by:





G Marwick - Director


Marwick Brothers Limited (Registered number: SC411353)

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

1. STATUTORY INFORMATION

Marwick Brothers Limited is a private company, limited by shares , registered in Scotland. 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 represents income from electricity generation, net of VAT. Income is calculated on the units generated within the financial year.

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

Marwick Brothers Limited (Registered number: SC411353)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors re initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


Marwick Brothers Limited (Registered number: SC411353)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 statement of financial position 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
Totals
£   
COST
At 1 February 2023
and 31 January 2024 108,047
DEPRECIATION
At 1 February 2023 85,593
Charge for year 10,956
At 31 January 2024 96,549
NET BOOK VALUE
At 31 January 2024 11,498
At 31 January 2023 22,454

5. RELATED PARTY DISCLOSURES

Loan amount due to the Directors at 31 January 2024 was £25,345 (2023: £35,296).