Registered number
12698179
Mark Anthony Hughes Ltd
Filleted Accounts
31 March 2024
Mark Anthony Hughes Ltd
Registered number: 12698179
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 318 398
Current assets
Debtors 4 40,596 17,136
Cash at bank and in hand 12,848 9,702
53,444 26,838
Creditors: amounts falling due within one year 5 (10,464) (3,455)
Net current assets 42,980 23,383
Net assets 43,298 23,781
Capital and reserves
Called up share capital 1 1
Profit and loss account 43,297 23,780
Shareholder's funds 43,298 23,781
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Hughes
Director
Approved by the board on 30.01.25
Mark Anthony Hughes Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,445
At 31 March 2024 1,445
Depreciation
At 1 April 2023 1,047
Charge for the year 80
At 31 March 2024 1,127
Net book value
At 31 March 2024 318
At 31 March 2023 398
4 Debtors 2024 2023
£ £
Trade debtors 9,079 -
Other debtors 31,517 17,136
40,596 17,136
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,925 2,982
Other creditors 539 473
10,464 3,455
6 Other information
Mark Anthony Hughes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
33 Ben Jonson Way
Newport
South Wales
NP20 5HF
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