Company Registration No. 10476084 (England and Wales)
MARLOW AND BROWN LIMITED
Unaudited accounts
for the year ended 30 November 2023
MARLOW AND BROWN LIMITED
Unaudited accounts
Contents
MARLOW AND BROWN LIMITED
Company Information
for the year ended 30 November 2023
Director
Tarjinder Singh KHAMBA
Company Number
10476084 (England and Wales)
Registered Office
31 Llanberis Grove
NOTTINGHAM
NG8 5DP
ENGLAND
MARLOW AND BROWN LIMITED
Statement of financial position
as at 30 November 2023
Investment property
3,212,531
3,212,531
Debtors
1,516,350
1,457,695
Cash at bank and in hand
222
2,452
Creditors: amounts falling due within one year
(69,158)
(50,646)
Net current assets
1,447,414
1,409,501
Total assets less current liabilities
4,660,273
4,622,418
Creditors: amounts falling due after more than one year
(2,386,837)
(2,402,532)
Provisions for liabilities
Deferred tax
(511,649)
(388,853)
Net assets
1,761,787
1,831,033
Called up share capital
4
4
Profit and loss account
1,761,783
1,831,029
Shareholders' funds
1,761,787
1,831,033
For the year ending 30 November 2023 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 26 November 2024 and were signed on its behalf by
Tarjinder Singh KHAMBA
Director
Company Registration No. 10476084
MARLOW AND BROWN LIMITED
Notes to the Accounts
for the year ended 30 November 2023
MARLOW AND BROWN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10476084. The registered office is 31 Llanberis Grove, NOTTINGHAM, NG8 5DP, 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.
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.
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
15% Reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MARLOW AND BROWN LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Fair value at 1 December 2022
3,212,531
At 30 November 2023
3,212,531
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,812
5,621
Trade creditors
3,622
3,047
Taxes and social security
59,249
41,403
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
121,310
125,905
Other creditors
2,265,527
2,276,627
MARLOW AND BROWN LIMITED
Notes to the Accounts
for the year ended 30 November 2023
9
Deferred taxation
2023
2022
Revaluation of investment property
511,649
388,853
Provision at start of year
388,853
388,853
Charged to the profit and loss account
122,796
-
Provision at end of year
511,649
388,853
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).