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
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
Marcus Harley Limited
Statement of financial position
as at 31 March 2024
Tangible assets
22,274
375
Cash at bank and in hand
3,153
2,534
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
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
Marcus Harley Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Marcus Harley Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
810
-
Other debtors
95,390
46,810
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
17,094
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).