Company Registration No. 11923514 (England and Wales)
Marchant Guttering Building Specialists Ltd
Unaudited accounts
for the year ended 30 April 2024
Marchant Guttering Building Specialists Ltd
Unaudited accounts
Contents
Marchant Guttering Building Specialists Ltd
Company Information
for the year ended 30 April 2024
Company Number
11923514 (England and Wales)
Registered Office
85 WEST STREET
WROTHAM
SEVENOAKS
TN15 7AZ
ENGLAND
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Marchant Guttering Building Specialists Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
10,866
13,325
Cash at bank and in hand
32,562
60,391
Creditors: amounts falling due within one year
(34,663)
(27,790)
Net current assets
24,749
46,300
Total assets less current liabilities
35,615
59,625
Creditors: amounts falling due after more than one year
(18,449)
(29,098)
Provisions for liabilities
Profit and loss account
15,106
29,984
Shareholders' funds
15,106
29,984
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. 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 14 October 2024 and were signed on its behalf by
Mr M Marchant
Director
Company Registration No. 11923514
Marchant Guttering Building Specialists Ltd
Notes to the Accounts
for the year ended 30 April 2024
Marchant Guttering Building Specialists Ltd is a private company, limited by shares, registered in England and Wales, registration number 11923514. The registered office is 85 WEST STREET, WROTHAM, SEVENOAKS, TN15 7AZ, 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:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reduced Balance
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Marchant Guttering Building Specialists Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
22,171
1,876
-
24,047
At 30 April 2024
22,171
1,876
1,133
25,180
At 1 May 2023
9,700
1,022
-
10,722
Charge for the year
3,118
214
260
3,592
At 30 April 2024
12,818
1,236
260
14,314
At 30 April 2024
9,353
640
873
10,866
At 30 April 2023
12,471
854
-
13,325
Amounts falling due within one year
Trade debtors
21,703
11,911
Accrued income and prepayments
1,788
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
9,788
Trade creditors
23,966
10,293
Taxes and social security
-
5,118
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).