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Company Registration No. 12566297 (England and Wales)
MARC JAMES BAR COMPANY LTD Unaudited accounts for the year ended 30 April 2024
MARC JAMES BAR COMPANY LTD Unaudited accounts Contents
Page
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MARC JAMES BAR COMPANY LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,575 
30,729 
Current assets
Inventories
21,812 
11,028 
Debtors
9,842 
4,616 
Cash at bank and in hand
3,362 
8,031 
35,016 
23,675 
Creditors: amounts falling due within one year
(65,291)
(37,935)
Net current liabilities
(30,275)
(14,260)
Net (liabilities)/assets
(5,700)
16,469 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,702)
16,467 
Shareholders' funds
(5,700)
16,469 
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 directors acknowledge their 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 of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
J. Mitchell Director Company Registration No. 12566297
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MARC JAMES BAR COMPANY LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MARC JAMES BAR COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 12566297. The registered office is 5 CEMETERY HILL, HEMEL HEMPSTEAD, HP1 1JF, 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.
3
Accounting policies
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 years
Computer equipment
4 years
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
29,540 
4,301 
33,841 
Additions
4,169 
- 
4,169 
At 30 April 2024
33,709 
4,301 
38,010 
Depreciation
At 1 May 2023
1,550 
1,562 
3,112 
Charge for the year
9,262 
1,061 
10,323 
At 30 April 2024
10,812 
2,623 
13,435 
Net book value
At 30 April 2024
22,897 
1,678 
24,575 
At 30 April 2023
27,990 
2,739 
30,729 
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MARC JAMES BAR COMPANY LTD Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,301 
- 
Trade debtors
7,171 
- 
Accrued income and prepayments
140 
3,843 
Other debtors
230 
773 
9,842 
4,616 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,534 
10,000 
VAT
- 
466 
Trade creditors
911 
3,049 
Taxes and social security
11,976 
12,380 
Other creditors
4,457 
8,815 
Loans from directors
5,213 
3,200 
Accruals
29,200 
25 
65,291 
37,935 
7
Average number of employees
During the year the average number of employees was 13 (2023: 11).
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