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REGISTERED NUMBER: 01761971 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Le Mark Group Ltd

Le Mark Group Ltd (Registered number: 01761971)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Le Mark Group Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr S Gibbons
Mrs L I Gibbons
Mr M S Gibbons
Mr N L Baldock





SECRETARY: Mrs L I Gibbons





REGISTERED OFFICE: Houghton Hill Industries
Houghton
Cambridgeshire
PE28 2DH





REGISTERED NUMBER: 01761971 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Le Mark Group Ltd (Registered number: 01761971)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 193,349 177,988
193,349 177,988

CURRENT ASSETS
Stocks 1,604,732 1,644,849
Debtors 6 725,359 709,936
Cash at bank and in hand 1,411,561 527,937
3,741,652 2,882,722
CREDITORS
Amounts falling due within one year 7 1,689,353 1,012,648
NET CURRENT ASSETS 2,052,299 1,870,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,245,648

2,048,062

CREDITORS
Amounts falling due after more than one
year

8

(27,991

)

(10,636

)

PROVISIONS FOR LIABILITIES (26,215 ) (33,314 )
NET ASSETS 2,191,442 2,004,112

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,190,442 2,003,112
SHAREHOLDERS' FUNDS 2,191,442 2,004,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Le Mark Group Ltd (Registered number: 01761971)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mrs L I Gibbons - Director


Le Mark Group Ltd (Registered number: 01761971)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Le Mark Group Ltd 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.

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 2005, has been amortised in full over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write each asset off over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost.

All low value assets capitalised are fully depreciated in year of addition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Le Mark Group Ltd (Registered number: 01761971)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 176,694
AMORTISATION
At 1 October 2023
and 30 September 2024 176,694
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Le Mark Group Ltd (Registered number: 01761971)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 536,929
Additions 94,268
Disposals (23,010 )
At 30 September 2024 608,187
DEPRECIATION
At 1 October 2023 358,941
Charge for year 67,881
Eliminated on disposal (11,984 )
At 30 September 2024 414,838
NET BOOK VALUE
At 30 September 2024 193,349
At 30 September 2023 177,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 52,005
Disposals (23,010 )
At 30 September 2024 28,995
DEPRECIATION
At 1 October 2023 24,972
Charge for year 7,249
Eliminated on disposal (11,984 )
At 30 September 2024 20,237
NET BOOK VALUE
At 30 September 2024 8,758
At 30 September 2023 27,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 641,908 665,907
Other debtors 83,451 44,029
725,359 709,936

Le Mark Group Ltd (Registered number: 01761971)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 679,981 214,949
Hire purchase contracts (see note 9) 10,636 11,284
Trade creditors 450,101 257,401
Taxation and social security 360,229 392,778
Other creditors 188,406 136,236
1,689,353 1,012,648

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,991 -
Hire purchase contracts (see note 9) - 10,636
27,991 10,636

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 10,636 11,284
Between one and five years - 10,636
10,636 21,920

Non-cancellable operating leases
2024 2023
£    £   
Within one year 153,961 146,828
Between one and five years 202,713 308,365
356,674 455,193