Company Registration No. 10588640 (England and Wales)
Marc Foley Ltd
Unaudited accounts
for the year ended 31 January 2024
Marc Foley Ltd
Unaudited accounts
Contents
Marc Foley Ltd
Company Information
for the year ended 31 January 2024
Director
Marc Lawrence Foley
Company Number
10588640 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
England
Marc Foley Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
147,008
121,066
Creditors: amounts falling due within one year
(44,216)
(25,257)
Net current assets
148,199
131,082
Net assets
148,898
133,651
Called up share capital
1
1
Profit and loss account
148,897
133,650
Shareholders' funds
148,898
133,651
For the year ending 31 January 2024 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 17 January 2025 and were signed on its behalf by
Marc Lawrence Foley
Director
Company Registration No. 10588640
Marc Foley Ltd
Notes to the Accounts
for the year ended 31 January 2024
Marc Foley Ltd is a private company, limited by shares, registered in England and Wales, registration number 10588640. The registered office is 128 City Road, London, EC1V 2NX, 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:
Fixtures & fittings
25% on a straight line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
1,227
-
7,010
8,237
At 31 January 2024
1,227
590
7,010
8,827
At 1 February 2023
1,227
-
4,441
5,668
Charge for the year
-
147
2,313
2,460
At 31 January 2024
1,227
147
6,754
8,128
At 31 January 2024
-
443
256
699
At 31 January 2023
-
-
2,569
2,569
Marc Foley Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Other debtors
45,407
35,273
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
43,608
25,257
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan account
35,273
101,329
102,653
33,949
35,273
101,329
102,653
33,949
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Average number of employees
During the year the average number of employees was 1 (2023: 1).