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REGISTERED NUMBER: 05884281 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

D W Marley Limited

D W Marley Limited (Registered number: 05884281)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D W Marley Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr Douglas William Marley
Mrs Sally Ann Marley
Mr Andrew James Marley





SECRETARY: Mrs Sally Ann Marley





REGISTERED OFFICE: 2 Hallgarth
Pickering
North Yorkshire
YO18 7AW





REGISTERED NUMBER: 05884281 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

D W Marley Limited (Registered number: 05884281)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,998 12,084
Tangible assets 5 100,041 104,354
109,039 116,438

CURRENT ASSETS
Stocks 6 29,779 29,000
Debtors 7 10,822 11,139
Cash at bank 28,193 20,014
68,794 60,153
CREDITORS
Amounts falling due within one year 8 122,625 98,744
NET CURRENT LIABILITIES (53,831 ) (38,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,208

77,847

CREDITORS
Amounts falling due after more than one
year

9

(40,087

)

(59,189

)

PROVISIONS FOR LIABILITIES (19,008 ) (17,934 )
NET (LIABILITIES)/ASSETS (3,887 ) 724

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (3,891 ) 720
SHAREHOLDERS' FUNDS (3,887 ) 724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

D W Marley Limited (Registered number: 05884281)

Balance Sheet - continued
31 July 2024


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 17 March 2025 and were signed on its behalf by:





Mr Douglas William Marley - Director


D W Marley Limited (Registered number: 05884281)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

D W Marley 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 33% on cost and 15% on reducing balance
Tractors and Implements - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

D W Marley Limited (Registered number: 05884281)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 30,855
AMORTISATION
At 1 August 2023 18,771
Charge for year 3,086
At 31 July 2024 21,857
NET BOOK VALUE
At 31 July 2024 8,998
At 31 July 2023 12,084

5. TANGIBLE FIXED ASSETS
Fixtures Tractors
and and
fittings Implements Totals
£    £    £   
COST
At 1 August 2023 2,019 152,356 154,375
Additions - 23,645 23,645
At 31 July 2024 2,019 176,001 178,020
DEPRECIATION
At 1 August 2023 1,832 48,190 50,022
Charge for year 28 27,929 27,957
At 31 July 2024 1,860 76,119 77,979
NET BOOK VALUE
At 31 July 2024 159 99,882 100,041
At 31 July 2023 187 104,166 104,353

D W Marley Limited (Registered number: 05884281)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Tractors
and
Implements
£   
COST
At 1 August 2023 105,184
Additions 6,995
At 31 July 2024 112,179
DEPRECIATION
At 1 August 2023 30,202
Charge for year 16,896
At 31 July 2024 47,098
NET BOOK VALUE
At 31 July 2024 65,081
At 31 July 2023 74,982

6. STOCKS
31.7.24 31.7.23
£    £   
Stocks 29,779 29,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 10,271 9,318
Other debtors - 82
Tax - 1,739
Prepayments 551 -
10,822 11,139

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,864 4,807
Hire purchase contracts and finance leases 18,662 15,513
Trade creditors 8,384 3,965
Tax 9,140 -
VAT 3,781 3,789
Directors' current accounts 75,514 68,545
Accrued expenses 2,280 2,125
122,625 98,744

D W Marley Limited (Registered number: 05884281)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 4,259 4,864
Bank loans - 2-5 years - 4,259
Hire purchase contracts and finance leases 35,828 50,066
40,087 59,189

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Douglas William Marley.