Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04372852 2023-03-01 2024-02-29 04372852 2022-03-01 2023-02-28 04372852 2024-02-29 04372852 2023-02-28 04372852 c:Director1 2023-03-01 2024-02-29 04372852 d:FurnitureFittings 2023-03-01 2024-02-29 04372852 d:FurnitureFittings 2024-02-29 04372852 d:FurnitureFittings 2023-02-28 04372852 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04372852 d:OfficeEquipment 2023-03-01 2024-02-29 04372852 d:OfficeEquipment 2024-02-29 04372852 d:OfficeEquipment 2023-02-28 04372852 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04372852 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04372852 d:CurrentFinancialInstruments 2024-02-29 04372852 d:CurrentFinancialInstruments 2023-02-28 04372852 d:Non-currentFinancialInstruments 2024-02-29 04372852 d:Non-currentFinancialInstruments 2023-02-28 04372852 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04372852 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 04372852 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 04372852 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 04372852 d:ShareCapital 2024-02-29 04372852 d:ShareCapital 2023-02-28 04372852 d:RetainedEarningsAccumulatedLosses 2024-02-29 04372852 d:RetainedEarningsAccumulatedLosses 2023-02-28 04372852 c:FRS102 2023-03-01 2024-02-29 04372852 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04372852 c:FullAccounts 2023-03-01 2024-02-29 04372852 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04372852 2 2023-03-01 2024-02-29 04372852 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 04372852










MARSHALL TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 29 February 2024

 
MARSHALL TRADING LIMITED
Registered number: 04372852

STATEMENT OF FINANCIAL POSITION
As at 29 February 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
551
795

  
551
795

Current assets
  

Debtors: amounts falling due within one year
 5 
1,851
17,189

Cash at bank and in hand
  
3,495
-

  
5,346
17,189

Creditors: amounts falling due within one year
 6 
(9,087)
(12,104)

Net current (liabilities)/assets
  
 
 
(3,741)
 
 
5,085

Total assets less current liabilities
  
(3,190)
5,880

Creditors: amounts falling due after more than one year
 7 
(7,342)
(11,181)

Provisions for liabilities
  

Deferred tax
  
-
(91)

  
 
 
-
 
 
(91)

Net liabilities
  
(10,532)
(5,392)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(10,533)
(5,393)

  
(10,532)
(5,392)


Page 1

 
MARSHALL TRADING LIMITED
Registered number: 04372852
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 29 February 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.




P R Marshall
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MARSHALL TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 04372852), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end the company had net liabilities of £10,532 (2023: £5,392). The director will continue to support the company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MARSHALL TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
reducing balance
Office equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MARSHALL TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2023
1,190
4,441
5,631



At 29 February 2024

1,190
4,441
5,631



Depreciation


At 1 March 2023
953
3,883
4,836


Charge for the year on owned assets
59
184
243



At 29 February 2024

1,012
4,067
5,079



Net book value



At 29 February 2024
178
374
552



At 28 February 2023
236
558
794

Page 5

 
MARSHALL TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 29 February 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
1,851
17,189



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
-
6,382

Bank loans
3,839
3,779

Other taxation and social security
345
39

Other creditors
3,103
104

Accruals and deferred income
1,800
1,800

9,087
12,104



7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
7,342
11,181


 
Page 6