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Company Registration No. 12450004 (England and Wales)
Marvel Mortgages & Protection Ltd Unaudited accounts for the year ended 29 February 2024
Marvel Mortgages & Protection Ltd Unaudited accounts Contents
Page
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Marvel Mortgages & Protection Ltd Company Information for the year ended 29 February 2024
Director
Mr G Wilding
Company Number
12450004 (England and Wales)
Registered Office
104 Liverpool Road Red Street Newcastle ST5 7AF England
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Marvel Mortgages & Protection Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
336 
1 
Current assets
Debtors
10,337 
549 
Cash at bank and in hand
6,639 
17,591 
16,976 
18,140 
Creditors: amounts falling due within one year
(11,100)
(8,401)
Net current assets
5,876 
9,739 
Total assets less current liabilities
6,212 
9,740 
Creditors: amounts falling due after more than one year
(5,667)
(9,667)
Net assets
545 
73 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
544 
72 
Shareholders' funds
545 
73 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Mr G Wilding Director Company Registration No. 12450004
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Marvel Mortgages & Protection Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Marvel Mortgages & Protection Ltd is a private company, limited by shares, registered in England and Wales, registration number 12450004. The registered office is 104 Liverpool Road, Red Street, Newcastle, ST5 7AF, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Computer equipment
33% Straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Marvel Mortgages & Protection Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,078 
Additions
502 
At 29 February 2024
1,580 
Depreciation
At 1 March 2023
1,077 
Charge for the year
167 
At 29 February 2024
1,244 
Net book value
At 29 February 2024
336 
At 28 February 2023
1 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
10,337 
549 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,333 
3,333 
Taxes and social security
6,899 
4,204 
Loans from directors
4 
- 
Accruals
864 
864 
11,100 
8,401 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,667 
9,667 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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