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REGISTERED NUMBER: 04041587 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MARRIOTT GIBBS REES WALLIS LIMITED

MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARRIOTT GIBBS REES WALLIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T D Havenhand
A Pickstone





REGISTERED OFFICE: First Floor
Unit 4
Broadfield Court
Sheffield
S8 0XF





REGISTERED NUMBER: 04041587 (England and Wales)






MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 233,964 259,964
Tangible assets 5 33,011 45,467
266,975 305,431

CURRENT ASSETS
Debtors 6 252,584 247,239
Cash in hand 17 74
252,601 247,313
CREDITORS
Amounts falling due within one year 7 469,085 440,302
NET CURRENT LIABILITIES (216,484 ) (192,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,491

112,442

CREDITORS
Amounts falling due after more than one
year

8

(36,000

)

(50,390

)

PROVISIONS FOR LIABILITIES (5,495 ) (9,496 )
NET ASSETS 8,996 52,556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,896 52,456
SHAREHOLDERS' FUNDS 8,996 52,556

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 directors acknowledge their 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.

MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:





T D Havenhand - Director


MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Marriott Gibbs Rees Wallis 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 520,000
Amortisation
At 1 April 2023 260,036
Charge for year 26,000
At 31 March 2024 286,036
Net book value
At 31 March 2024 233,964
At 31 March 2023 259,964

MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023 85,968
Additions 4,274
Disposals (5,095 )
At 31 March 2024 85,147
Depreciation
At 1 April 2023 40,501
Charge for year 16,730
Eliminated on disposal (5,095 )
At 31 March 2024 52,136
Net book value
At 31 March 2024 33,011
At 31 March 2023 45,467

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,555 139,450
Amounts recoverable on contract 104,289 46,055
Other debtors 66,740 61,734
252,584 247,239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,311 42,209
Hire purchase contracts (see note 9) 8,835 7,987
Payments on account 212,524 228,881
Trade creditors 78,141 53,561
Taxation and social security 124,427 68,058
Other creditors 30,847 39,606
469,085 440,302

MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,703 34,259
Hire purchase contracts (see note 9) 7,297 16,131
36,000 50,390

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 6,481 12,037

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,835 7,987
Between one and five years 7,297 16,131
16,132 24,118

Non-cancellable operating leases
2024 2023
£    £   
Within one year 56,500 44,230
Between one and five years 87,613 94,495
144,113 138,725

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 16,132 24,118

Amounts due in respect of hire purchase contracts are secured against the assets to which they relate.

MARRIOTT GIBBS REES WALLIS LIMITED (REGISTERED NUMBER: 04041587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
T D Havenhand
Balance outstanding at start of year 9,852 -
Amounts advanced 9,416 9,852
Amounts repaid (9,852 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,416 9,852

A Pickstone
Balance outstanding at start of year 9,793 -
Amounts advanced 9,050 9,793
Amounts repaid (9,793 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,050 9,793