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REGISTERED NUMBER: 00797829 (England and Wales)















MARCUS (BRADFORD) LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






MARCUS (BRADFORD) LIMITED (Registered number: 00797829)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARCUS (BRADFORD) LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R C D Terry





REGISTERED OFFICE: Unit 8
Friars Industrial Estate
Idle
Bradford
West Yorkshire
BD10 8SX





REGISTERED NUMBER: 00797829 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

MARCUS (BRADFORD) LIMITED (Registered number: 00797829)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 997,506 1,145,536
997,507 1,145,537

CURRENT ASSETS
Debtors 6 824,042 749,363
Cash at bank and in hand 22,745 16,276
846,787 765,639
CREDITORS
Amounts falling due within one year 7 1,393,689 1,421,233
NET CURRENT LIABILITIES (546,902 ) (655,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,605

489,943

CREDITORS
Amounts falling due after more than one
year

8

357,736

488,185
NET ASSETS 92,869 1,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 92,769 1,658
SHAREHOLDERS' FUNDS 92,869 1,758

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

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

MARCUS (BRADFORD) LIMITED (Registered number: 00797829)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





R C D Terry - Director


MARCUS (BRADFORD) LIMITED (Registered number: 00797829)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MARCUS (BRADFORD) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

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.
Plant & equipment - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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.

MARCUS (BRADFORD) LIMITED (Registered number: 00797829)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 22,061
AMORTISATION
At 1 May 2023
and 30 April 2024 22,060
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 188,879 1,695,708 1,884,587
Additions - 28,000 28,000
At 30 April 2024 188,879 1,723,708 1,912,587
DEPRECIATION
At 1 May 2023 142,997 596,054 739,051
Charge for year 6,882 169,148 176,030
At 30 April 2024 149,879 765,202 915,081
NET BOOK VALUE
At 30 April 2024 39,000 958,506 997,506
At 30 April 2023 45,882 1,099,654 1,145,536

MARCUS (BRADFORD) LIMITED (Registered number: 00797829)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 806,604
Additions 28,000
Transfer to ownership (62,850 )
At 30 April 2024 771,754
DEPRECIATION
At 1 May 2023 231,050
Charge for year 90,533
Transfer to ownership (24,091 )
At 30 April 2024 297,492
NET BOOK VALUE
At 30 April 2024 474,262
At 30 April 2023 575,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 714,325 593,066
Other debtors 109,717 156,297
824,042 749,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 138,929 165,824
Trade creditors 282,553 479,242
Taxation 283,992 231,395
Other creditors 677,567 534,124
1,393,689 1,421,233

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,018 21,018
Hire purchase contracts 96,718 217,167
Other creditors 250,000 250,000
357,736 488,185

MARCUS (BRADFORD) LIMITED (Registered number: 00797829)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 235,647 382,991
Other loans 643,164 506,023
878,811 889,014

Bank and other borrowings are secured by an "All Assets Debenture", except for a waiver in respect of the hire purchase contracts which are secured against the specific fixed assets to which they relate.