IRIS Accounts Production v24.3.0.553 06031826 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060318262022-12-31060318262023-12-31060318262023-01-012023-12-31060318262021-12-31060318262022-01-012022-12-31060318262022-12-3106031826ns15:EnglandWales2023-01-012023-12-3106031826ns14:PoundSterling2023-01-012023-12-3106031826ns10:Director12023-01-012023-12-3106031826ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106031826ns10:SmallEntities2023-01-012023-12-3106031826ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106031826ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106031826ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106031826ns10:FullAccounts2023-01-012023-12-3106031826ns10:OrdinaryShareClass12023-01-012023-12-3106031826ns10:RegisteredOffice2023-01-012023-12-3106031826ns5:CurrentFinancialInstruments2023-12-3106031826ns5:CurrentFinancialInstruments2022-12-3106031826ns5:Non-currentFinancialInstruments2023-12-3106031826ns5:Non-currentFinancialInstruments2022-12-3106031826ns5:ShareCapital2023-12-3106031826ns5:ShareCapital2022-12-3106031826ns5:RetainedEarningsAccumulatedLosses2023-12-3106031826ns5:RetainedEarningsAccumulatedLosses2022-12-3106031826ns5:LeaseholdImprovements2023-01-012023-12-3106031826ns5:PlantMachinery2023-01-012023-12-3106031826ns5:MotorVehicles2023-01-012023-12-3106031826ns5:ComputerEquipment2023-01-012023-12-3106031826ns5:LeaseholdImprovements2022-12-3106031826ns5:PlantMachinery2022-12-3106031826ns5:MotorVehicles2022-12-3106031826ns5:ComputerEquipment2022-12-3106031826ns5:LeaseholdImprovements2023-12-3106031826ns5:PlantMachinery2023-12-3106031826ns5:MotorVehicles2023-12-3106031826ns5:ComputerEquipment2023-12-3106031826ns5:LeaseholdImprovements2022-12-3106031826ns5:PlantMachinery2022-12-3106031826ns5:MotorVehicles2022-12-3106031826ns5:ComputerEquipment2022-12-3106031826ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3106031826ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3106031826ns5:LeasedAssetsHeldAsLessee2022-12-3106031826ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3106031826ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3106031826ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3106031826ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3106031826ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3106031826ns5:LeasedAssetsHeldAsLessee2023-12-3106031826ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3106031826ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3106031826ns5:LeasedAssetsHeldAsLessee2022-12-3106031826ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106031826ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106031826ns5:DeferredTaxation2023-12-3106031826ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 06031826 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Markwell Peck (UK) Limited

Markwell Peck (UK) Limited (Registered number: 06031826)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Markwell Peck (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr D Peck





REGISTERED OFFICE: The Coach House
The Square
Sawbridgeworth
Hertfordshire
CM21 9AE





REGISTERED NUMBER: 06031826 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Markwell Peck (UK) Limited (Registered number: 06031826)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,297 127,036

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 3,406,808 2,753,313
Cash at bank 102,350 250,208
3,529,158 3,023,521
CREDITORS
Amounts falling due within one year 6 741,607 773,263
NET CURRENT ASSETS 2,787,551 2,250,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,942,848

2,377,294

CREDITORS
Amounts falling due after more than one year 7 (48,491 ) (46,223 )

PROVISIONS FOR LIABILITIES 8 (36,341 ) -
NET ASSETS 2,858,016 2,331,071

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 2,857,016 2,330,071
SHAREHOLDERS' FUNDS 2,858,016 2,331,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Markwell Peck (UK) Limited (Registered number: 06031826)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2024 and were signed by:





Mr D Peck - Director


Markwell Peck (UK) Limited (Registered number: 06031826)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Markwell Peck (UK) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Markwell Peck (UK) Limited (Registered number: 06031826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 729 188,012 110,941 26,094 325,776
Additions - 80,059 - - 80,059
At 31 December 2023 729 268,071 110,941 26,094 405,835
DEPRECIATION
At 1 January 2023 696 117,449 58,294 22,301 198,740
Charge for year 33 37,656 13,161 948 51,798
At 31 December 2023 729 155,105 71,455 23,249 250,538
NET BOOK VALUE
At 31 December 2023 - 112,966 39,486 2,845 155,297
At 31 December 2022 33 70,563 52,647 3,793 127,036

Markwell Peck (UK) Limited (Registered number: 06031826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 53,886 85,350 139,236
Additions 66,806 - 66,806
At 31 December 2023 120,692 85,350 206,042
DEPRECIATION
At 1 January 2023 13,471 37,533 51,004
Charge for year - 11,954 11,954
At 31 December 2023 13,471 49,487 62,958
NET BOOK VALUE
At 31 December 2023 107,221 35,863 143,084
At 31 December 2022 40,415 47,817 88,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 819,153 1,165,970
Other debtors 2,587,655 1,587,343
3,406,808 2,753,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 115,223 180,369
Hire purchase contracts 48,181 46,762
Trade creditors 147,298 237,650
Taxation and social security 262,856 241,341
Other creditors 168,049 67,141
741,607 773,263

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,664 -
Hire purchase contracts 32,827 46,223
48,491 46,223

Markwell Peck (UK) Limited (Registered number: 06031826)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 36,341 -

Deferred
tax
£   
Accelerated capital allowances 36,341
Balance at 31 December 2023 36,341

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Peck.