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Company Registration No. 05961692 (England and Wales)
Tim Marsh Associates Limited Unaudited accounts for the year ended 31 March 2024
Tim Marsh Associates Limited Unaudited accounts Contents
Page
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Tim Marsh Associates Limited Company Information for the year ended 31 March 2024
Directors
T G Marsh A Marsh
Secretary
C L Marsh
Company Number
05961692 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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Tim Marsh Associates Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98 
119 
Investment property
33,904 
- 
34,002 
119 
Current assets
Debtors
- 
493 
Cash at bank and in hand
243,200 
328,186 
243,200 
328,679 
Creditors: amounts falling due within one year
(439,592)
(438,531)
Net current liabilities
(196,392)
(109,852)
Net liabilities
(162,390)
(109,733)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(162,490)
(109,833)
Shareholders' funds
(162,390)
(109,733)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
T G Marsh Director Company Registration No. 05961692
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Tim Marsh Associates Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Tim Marsh Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 05961692. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The financial statements have been prepared on a going concern basis as the directors have indicated they will continue to provide finance to meet ongoing costs.
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Tim Marsh Associates Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
35,200 
At 31 March 2024
35,200 
Amortisation
At 1 April 2023
35,200 
At 31 March 2024
35,200 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,199 
At 31 March 2024
1,199 
Depreciation
At 1 April 2023
1,080 
Charge for the year
21 
At 31 March 2024
1,101 
Net book value
At 31 March 2024
98 
At 31 March 2023
119 
6
Investment property
2024 
£ 
Additions
33,904 
At 31 March 2024
33,904 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
493 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,042 
- 
Taxes and social security
19 
- 
Loans from directors
437,671 
437,671 
Accruals
860 
860 
439,592 
438,531 
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Tim Marsh Associates Limited Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
During the year a director provided the company with an interest free loan on a repayable on demand basis and at the end of the year the balance due to the director was £437,671 (2023 - £437,671).
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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