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REGISTERED NUMBER: 11972890 (England and Wales)














MARCHON TRAINING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARCHON TRAINING LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: O T V Marchon





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 11972890 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 38,584 81,669
Tangible assets 6 98,113 89,251
136,697 170,920

CURRENT ASSETS
Debtors 7 372,202 289,823
Cash at bank 338,467 209,384
710,669 499,207
CREDITORS
Amounts falling due within one year 8 158,410 121,799
NET CURRENT ASSETS 552,259 377,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,956

548,328

CREDITORS
Amounts falling due after more than one
year

9

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (23,352 ) (20,818 )
NET ASSETS 648,104 500,010

CAPITAL AND RESERVES
Called up, paid and allotted share capital 101 101
Retained earnings 648,003 499,909
SHAREHOLDERS' FUNDS 648,104 500,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 director and authorised for issue on 9 November 2024 and were signed by:





O T V Marchon - Director


MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Marchon Training 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when services have been provided to customers such that risks and rewards of ownership have been transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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

MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 130,562
AMORTISATION
At 1 July 2023 48,893
Charge for year 43,085
At 30 June 2024 91,978
NET BOOK VALUE
At 30 June 2024 38,584
At 30 June 2023 81,669

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 12,722 3,171 30,358
Additions - 18,791 170
At 30 June 2024 12,722 21,962 30,528
DEPRECIATION
At 1 July 2023 6,743 1,141 13,788
Charge for year 1,273 4,164 4,186
At 30 June 2024 8,016 5,305 17,974
NET BOOK VALUE
At 30 June 2024 4,706 16,657 12,554
At 30 June 2023 5,979 2,030 16,570

MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 61,612 46,177 154,040
Additions - 30,777 49,738
At 30 June 2024 61,612 76,954 203,778
DEPRECIATION
At 1 July 2023 12,322 30,795 64,789
Charge for year 9,858 21,395 40,876
At 30 June 2024 22,180 52,190 105,665
NET BOOK VALUE
At 30 June 2024 39,432 24,764 98,113
At 30 June 2023 49,290 15,382 89,251

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,284 53,709
Other debtors 311,918 236,114
372,202 289,823

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 33,308 21,629
Taxation and social security 96,234 89,220
Other creditors 18,868 950
158,410 121,799

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,500 27,500

MARCHON TRAINING LTD (REGISTERED NUMBER: 11972890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,000 20,000
Between one and five years 16,667 15,000
36,667 35,000

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
O T V Marchon
Balance outstanding at start of year 60,000 80,000
Amounts repaid (17,739 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,261 60,000

12. RELATED PARTY DISCLOSURES

The director operates a loan account with the company, which is interest free and repayable on demand. Transactions during the year can be found in the table above.