Registered number
06065676
Marcus Donald People Ltd
Unaudited Filleted Accounts
30 April 2024
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
London
United Kingdom
SE19 1TX
www.cgca.co.uk
Mob: 0208 761 2213
Marcus Donald People Ltd
Registered number: 06065676
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 61,254 21,351
Current assets
Debtors 4 539,985 316,442
Cash at bank and in hand 236,650 455,579
776,635 772,021
Creditors: amounts falling due within one year 5 (452,760) (470,014)
Net current assets 323,875 302,007
Total assets less current liabilities 385,129 323,358
Provisions for liabilities (3,781) (5,338)
Net assets 381,348 318,020
Capital and reserves
Called up share capital 100 100
Profit and loss account 381,248 317,920
Shareholders' funds 381,348 318,020
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alison Constanti
Director
Approved by the board on 6 January 2025
Marcus Donald People Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Services
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 20 years
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Work - in - progress
Work-in progress is represented by Accrued Income, in 'Other Debtors'.
Being the value of services provided during the year but invoiced after the year end.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government Grants
Government grants are recognised where there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognised as income on a systematic basis over the periods that the related costs, for which it is intended to compensate, are expensed.

The company benefited from receipts from the UK Government under the Coronavirus Job Retention Scheme (CJRS).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 - 123,282 123,282
Additions 48,600 2,652 51,252
At 30 April 2024 48,600 125,934 174,534
Depreciation
At 1 May 2023 - 101,931 101,931
Charge for the year 2,430 8,919 11,349
At 30 April 2024 2,430 110,850 113,280
Net book value
At 30 April 2024 46,170 15,084 61,254
At 30 April 2023 - 21,351 21,351
4 Debtors 2024 2023
£ £
Trade debtors 145,469 56,474
Amounts owed by group undertakings and undertakings in which the company has a participating interest 105,603 -
Other debtors 288,913 259,968
539,985 316,442
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 45,611
Trade creditors 40,163 61,602
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 62,045
Taxation and social security costs 117,780 78,747
Other creditors 294,817 222,009
452,760 470,014
6 Related party transactions
Marcus Donald Holdings Limited

Parent company

During the year the company paid dividends of £150,000 (2023: £50,000) to parent company Marcus Donald Holdings Limited.

Amounts due from group undertakings is £105,603 (2023: £62,045 due to group undertakings).
7 Controlling party
The immediate controlling party is Marcus Donald Holdings Limited.

8 Other information
Marcus Donald People Ltd is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
London
United Kingdom
SE19 1TX
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