REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
FOR |
MARLOW BUILDERS LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
FOR |
MARLOW BUILDERS LIMITED |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
MARLOW BUILDERS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Church View Chambers |
38 Market Square |
Toddington |
Bedfordshire |
LU5 6BS |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
REPORT OF THE DIRECTORS |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
The directors present their report with the financial statements of the company for the period 30 November 2023 to 30 September 2024. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 30 November 2023 to the date of this report. |
As noted in last years report, the 2023-24 year has been very positive with an improvement in turnover. The issues of previous years have been ironed out and the previous investments in software and people are paying off. The business has returned to a positive Nett position (even with a shortened return period) and has an excellent workload running into 2024-25 already secured. |
Marlow remains selective with regards to the types of projects they carry out, ensuring projects are suitable and with stable and reliable clients. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
BALANCE SHEET |
30 SEPTEMBER 2024 |
30.9.24 | 29.11.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
BALANCE SHEET - continued |
30 SEPTEMBER 2024 |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Marlow Builders Limited is a private company, limited by shares, registered in England and Wales. Its registered office is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, England, LU5 6BS and its principal place of business is Eagle House, Unit 4, Eagle Centre Way, Luton, Bedfordshire, LU4 9US. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue (also described as sales or turnover) is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. |
Revenue Recognition |
Revenue is recognised on the sale of goods when the goods are delivered and title has passed, and is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
The cost of tangible fixed assets includes only expenditure directly incurred in bringing the assets into working condition for their intended use. Borrowing costs are not capitalised. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (including fair value adjustments) that have originated but not reversed at the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as recoverable. Deferred tax is measured using the tax rate that is expected to apply in the periods in which the timing differences are expected to reverse. |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 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 period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 30 November 2023 |
and 30 September 2024 |
DEPRECIATION |
At 30 November 2023 |
Charge for period |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 29 November 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 29.11.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
MARLOW BUILDERS LIMITED (REGISTERED NUMBER: 01901336) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 NOVEMBER 2023 TO 30 SEPTEMBER 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 29.11.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.24 | 29.11.23 |
£ | £ |
Bank loans |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.9.24 | 29.11.23 |
£ | £ |
Within one year |
Between one and five years |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 29 November 2023: |
30.9.24 | 29.11.23 |
£ | £ |
Director 1 |
Balance outstanding at start of period | - | 1,716 |
Amounts repaid | - | (1,716 | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | - | - |
10. | CHARGES |
Barclays Bank Plc has a fixed charge in place upon monies held in the business. |