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COMPANY REGISTRATION NUMBER: 07616640
Mark and Simon Limited
Filleted Unaudited Financial Statements
30 April 2024
Mark and Simon Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
323,890
211,983
Investments
6
100
100
Cash at bank and in hand
104,432
231,835
---------
---------
428,422
443,918
Creditors: amounts falling due within one year
7
596
520
---------
---------
Net current assets
427,826
443,398
---------
---------
Total assets less current liabilities
427,826
443,398
---------
---------
Net assets
427,826
443,398
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
427,726
443,298
---------
---------
Shareholders funds
427,826
443,398
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 June 2024 , and are signed on behalf of the board by:
S Dixon Esq
Director
Company registration number: 07616640
Mark and Simon Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by the directors in preparing these financial statements.
4. Staff
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Other debtors
323,890
211,983
---------
---------
6. Investments
2024
2023
£
£
Other investments
100
100
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
596
520
----
----
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
S Dixon Esq
633
12
645
M Dixon Esq
41,702
( 5,074)
36,628
--------
-------
--------
42,335
( 5,062)
37,273
--------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
S Dixon Esq
671
( 38)
633
M Dixon Esq
50,777
( 9,075)
41,702
--------
-------
--------
51,448
( 9,113)
42,335
--------
-------
--------
9. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
SD Plastering Ltd
47,111
(5,182)
202,557
155,456
Simark Property Ltd
(110,500)
Com-Part Products Limited
200
200
200
DXN Building Solutions Limited
70,000
70,000
--------
---------
---------
---------
S Dixon Esq and M Dixon Esq each own forty five percent of the issued voting share capital in SD Plastering Limited. S Dixon Esq and M Dixon Esq each own fifty percent of the issued voting share capital in Simark Property Limited.(Dissolved 7th February 2023) S Dixon Esq and M Dixon Esq each own fifty percent of the issued voting share capital in Com-Part Products Limited. S Dixon Esq and M Dixon Esq each own fifty percent of the issued voting share capital in DXN Building Solutions Limited.