Registered number
05611195
MARSHALL WILSON LTD
Unaudited Filleted Accounts
31 December 2024
MARSHALL WILSON LTD
Registered number: 05611195
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,181 8,653
Current assets
Debtors 4 4,394 149,185
Cash at bank and in hand 278,692 158,723
283,086 307,908
Creditors: amounts falling due within one year 5 (106,271) (133,177)
Net current assets 176,815 174,731
Net assets 181,996 183,384
Capital and reserves
Called up share capital 104 104
Profit and loss account 181,892 183,280
Shareholders' funds 181,996 183,384
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
S Wilson
Director
Approved by the board on 18 March 2025
MARSHALL WILSON LTD
Notes to the Accounts
for the period from 1 December 2023 to 31 December 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:
Motor vehicles 25% reducing balance
Plant and machinery 15% straight line
Fixtures, fittings, tools and equipment 33% straight line
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 December 2023 41,447 12,751 54,198
At 31 December 2024 41,447 12,751 54,198
Depreciation
At 1 December 2023 35,819 9,726 45,545
Charge for the period 2,716 756 3,472
At 31 December 2024 38,535 10,482 49,017
Net book value
At 31 December 2024 2,912 2,269 5,181
At 30 November 2023 5,628 3,025 8,653
4 Debtors 2024 2023
£ £
Trade debtors 4,370 149,185
Other debtors 24 -
4,394 149,185
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 2,290
Trade creditors - 51,766
Taxation and social security costs 105,250 77,791
Other creditors 1,021 1,330
106,271 133,177
6 Other information
MARSHALL WILSON LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Privett Road
Cressington
Liverpool
Merseyside
L19 9AP
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