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REGISTERED NUMBER: 02206056 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Mardon Financial Advisers Limited

Mardon Financial Advisers Limited (Registered number: 02206056)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mardon Financial Advisers Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: S Michael
Mrs S A Michael



REGISTERED OFFICE: Mardon House
Knights Court
Archers Way
SHREWSBURY
Shropshire
SY1 3GA



REGISTERED NUMBER: 02206056 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: National Westminster Bank Plc
8 Mardol Head
Shrewsbury
Shropshire
SY1 1HE

Mardon Financial Advisers Limited (Registered number: 02206056)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Plant and equipment 4 7,766 11,406
Investments 5 2,175 -
9,941 11,406

CURRENT ASSETS
Debtors 6 46,832 156,477
Cash at bank and in hand 25,481 46,768
72,313 203,245
CREDITORS
Amounts falling due within one year 7 18,258 38,936
NET CURRENT ASSETS 54,055 164,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,996

175,715

PROVISIONS FOR LIABILITIES 1,942 2,852
NET ASSETS 62,054 172,863

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 61,953 172,762
SHAREHOLDERS' FUNDS 62,054 172,863

Mardon Financial Advisers Limited (Registered number: 02206056)

Statement of Financial Position - continued
30 April 2024


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





S Michael - Director


Mardon Financial Advisers Limited (Registered number: 02206056)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Mardon Financial Advisers Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Mardon Financial Advisers Limited (Registered number: 02206056)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 year was 3 (2023 - 3 ) .

4. PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 May 2023 28,962
Additions 629
Disposals (7,546 )
At 30 April 2024 22,045
DEPRECIATION
At 1 May 2023 17,556
Charge for year 3,958
Eliminated on disposal (7,235 )
At 30 April 2024 14,279
NET BOOK VALUE
At 30 April 2024 7,766
At 30 April 2023 11,406

Mardon Financial Advisers Limited (Registered number: 02206056)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 2,175 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 46,832 156,477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,477 31,224
Other creditors 4,781 7,712
18,258 38,936

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £416 (2023 £112,116 due from the directors) due to the directors of the company. This amount is repayable on demand. During the year interest was charged on the balance by the company.