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REGISTERED NUMBER: 06391104 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MARC KERR LIMITED

MARC KERR LIMITED (REGISTERED NUMBER: 06391104)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

MARC KERR LIMITED

Company Information
for the Year Ended 31 March 2024







Director: M Kerr





Secretary: S J Kerr





Registered office: 31 Church Lane
Swainby
Northallerton
North Yorkshire
DL6 3EA





Registered number: 06391104 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

MARC KERR LIMITED (REGISTERED NUMBER: 06391104)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 316,998 287,749

Current assets
Stocks 42,250 47,250
Debtors 36,893 29,175
79,143 76,425
Creditors
Amounts falling due within one year 147,071 142,995
Net current liabilities (67,928 ) (66,570 )
Total assets less current liabilities 249,070 221,179

Creditors
Amounts falling due after more than one
year

5

(120,666

)

(135,054

)

Provisions for liabilities (38,367 ) (43,372 )
Net assets 90,037 42,753

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 89,037 41,753
Shareholders' funds 90,037 42,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MARC KERR LIMITED (REGISTERED NUMBER: 06391104)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 November 2024 and were signed by:





M Kerr - Director


MARC KERR LIMITED (REGISTERED NUMBER: 06391104)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Marc Kerr 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 (£).


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.

The financial statements are prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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 and machinery - 10% on cost, 10% on reducing balance and 5% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MARC KERR LIMITED (REGISTERED NUMBER: 06391104)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 470,097
Additions 84,451
Disposals (38,242 )
At 31 March 2024 516,306
DEPRECIATION
At 1 April 2023 182,348
Charge for year 23,076
Eliminated on disposal (6,116 )
At 31 March 2024 199,308
NET BOOK VALUE
At 31 March 2024 316,998
At 31 March 2023 287,749

MARC KERR LIMITED (REGISTERED NUMBER: 06391104)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 259,261
Additions 74,726
Disposals (38,242 )
At 31 March 2024 295,745
DEPRECIATION
At 1 April 2023 37,393
Charge for year 16,892
Eliminated on disposal (6,116 )
At 31 March 2024 48,169
NET BOOK VALUE
At 31 March 2024 247,576
At 31 March 2023 221,868

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/3/24 31/3/23
£    £   

Repayable by instalments
Bank loans 6,819 12,759

6. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 155,866 160,906

The hire purchase contracts are secured on the assets to which they relate.

MARC KERR LIMITED (REGISTERED NUMBER: 06391104)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
M Kerr
Balance outstanding at start of year 4,044 22,336
Amounts advanced 28,785 7,152
Amounts repaid (25,700 ) (25,444 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,129 4,044

The loan includes interest charged at 2.25% and is repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Marc Kerr Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marc Kerr Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Marc Kerr Limited in accordance with the terms of our engagement letter dated 29 June 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Marc Kerr Limited and state those matters that we have agreed to state to the director of Marc Kerr Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Marc Kerr Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marc Kerr Limited. You consider that Marc Kerr Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marc Kerr Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


4 November 2024