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Registered number: 13676751
Marc Caulfield Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13676751
31 December 2024 31 October 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,063 119
Cash at bank and in hand 2,691 3,948
3,754 4,067
Creditors: Amounts Falling Due Within One Year 5 (2,402 ) (1,623 )
NET CURRENT ASSETS (LIABILITIES) 1,352 2,444
TOTAL ASSETS LESS CURRENT LIABILITIES 1,352 2,444
NET ASSETS 1,352 2,444
CAPITAL AND RESERVES
Called up share capital 6 4 4
Profit and Loss Account 1,348 2,440
SHAREHOLDERS' FUNDS 1,352 2,444
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Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Marc Caulfield
Director
12th February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Marc Caulfield Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13676751 . The registered office is Castle House, Castle Street, Guildford, Surrey, GU1 3UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Debtors
31 December 2024 31 October 2023
£ £
Due within one year
Other debtors 1,063 119
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5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 October 2023
£ £
Trade creditors - 1
Other creditors 413 709
Taxation and social security 1,989 913
2,402 1,623
6. Share Capital
31 December 2024 31 October 2023
£ £
Allotted, Called up and fully paid 4 4
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Marc Caulfield (709 ) 8,699 (7,167 ) - 823
The above loan is unsecured, interest free and repayable on demand.
8. Related Party Transactions
During the year, dividends totaling £7,167 (2023: £1,500) were paid to the director. Additionally, a further £2,389 (2023: £500) of dividends were paid to other shareholders of the company.
9. Ultimate Controlling Party
The company's controlling party is Mr Marc Caulfield by virtue of his ownership of 75% of the issued share capital in the company.
10. Going Concern
The director has stopped trading and plans to close the company within the next 12 months, therefore the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
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