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Company Registration No. 10324952 (England and Wales)
Marcus Harley Limited Unaudited accounts for the year ended 31 March 2024
Marcus Harley Limited Unaudited accounts Contents
Page
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Marcus Harley Limited Company Information for the year ended 31 March 2024
Directors
Mr Marcus Harley Mrs Abigail Genevieve Maria Harley
Company Number
10324952 (England and Wales)
Registered Office
8 The Street The Street Pakenham Bury St. Edmunds IP31 2JU England
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Marcus Harley Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,274 
375 
Current assets
Debtors
103,773 
54,735 
Cash at bank and in hand
3,153 
2,534 
106,926 
57,269 
Creditors: amounts falling due within one year
(56,237)
(34,343)
Net current assets
50,689 
22,926 
Total assets less current liabilities
72,963 
23,301 
Creditors: amounts falling due after more than one year
(27,314)
(23,220)
Provisions for liabilities
Deferred tax
- 
(71)
Net assets
45,649 
10 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
45,639 
- 
Shareholders' funds
45,649 
10 
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 17 October 2024 and were signed on its behalf by
Mr Marcus Harley Director Company Registration No. 10324952
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Marcus Harley Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Marcus Harley Limited is a private company, limited by shares, registered in England and Wales, registration number 10324952. The registered office is 8 The Street The Street, Pakenham, Bury St. Edmunds, IP31 2JU, England.
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
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% On Cost
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
28,047 
Additions
29,699 
At 31 March 2024
57,746 
Depreciation
At 1 April 2023
27,672 
Charge for the year
7,800 
At 31 March 2024
35,472 
Net book value
At 31 March 2024
22,274 
At 31 March 2023
375 
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Marcus Harley Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,752 
- 
Trade debtors
5,821 
7,925 
Accrued income and prepayments
810 
- 
Other debtors
95,390 
46,810 
103,773 
54,735 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,862 
10,862 
Obligations under finance leases and hire purchase contracts
7,465 
- 
Trade creditors
(188)
1,963 
Taxes and social security
38,098 
21,518 
56,237 
34,343 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,220 
21,750 
Obligations under finance leases and hire purchase contracts
17,094 
- 
Other creditors
- 
1,470 
27,314 
23,220 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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