Registered number
10378355
Mark Ginders Limited
Filleted Accounts
31 March 2024
Mark Ginders Limited
Registered number: 10378355
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 70,152 40,965
Current assets
Debtors 4 113,669 144,813
Cash at bank and in hand 326,944 390,673
440,613 535,486
Creditors: amounts falling due within one year 5 (70,700) (82,207)
Net current assets 369,913 453,279
Total assets less current liabilities 440,065 494,244
Creditors: amounts falling due after more than one year 6 (19,096) (29,775)
Net assets 420,969 464,469
Capital and reserves
Called up share capital 100 100
Profit and loss account 420,869 464,369
Shareholder's funds 420,969 464,469
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Ginders
Director
Approved by the board on 12 November 2024
Mark Ginders Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 20
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 91,359 18,550 109,909
Additions 37,380 - 37,380
At 31 March 2024 128,739 18,550 147,289
Depreciation
At 1 April 2023 65,234 3,710 68,944
Charge for the year 5,225 2,968 8,193
At 31 March 2024 70,459 6,678 77,137
Net book value
At 31 March 2024 58,280 11,872 70,152
At 31 March 2023 26,125 14,840 40,965
4 Debtors 2024 2023
£ £
Trade debtors 111,379 141,823
Other debtors 2,290 2,990
113,669 144,813
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 42,453 36,772
Taxation and social security costs 28,247 45,435
70,700 82,207
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,096 29,775
7 Other information
Mark Ginders Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Villa
Clayton Road
Newcastle
Staffs
ST5 4DH
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