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Registered number: 13432895

Marwood Developments Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

Marwood Developments Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
DIRECTORS
David MacKenzie Marshall
Alexander Collingwood
REGISTERED OFFICE
Farm View
Youngers Lane, Burgh le Marsh
Skegness
Lincolnshire
PE24 5JQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13432895
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisors
Elland House
22 High Street
Burgh le Marsh
Skegness
PE24 5JT

Marwood Developments Ltd

ACCOUNTS
FOR THEYEARENDED30 JUNE 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Marwood Developments Ltd

BALANCE SHEET AT 30 June 2024
20242023
Notes££
CURRENT ASSETS
Stock172,313391,383
Debtors43,6481,062
Cash at bank and in hand87,80421,949
263,765414,394
CREDITORS: Amounts falling due within one year5152,751404,127
NET CURRENT ASSETS111,01410,267
TOTAL ASSETS LESS CURRENT LIABILITIES111,01410,267
CAPITAL AND RESERVES
Profit and loss account111,01410,267
SHAREHOLDERS' FUNDS111,01410,267
For the year ending 30 June 2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12 March 2025 and signed on their behalf by
.............................
David MacKenzie Marshall
Director
.............................
Alexander Collingwood
Director

Marwood Developments Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. STOCK 20242023
££
Stock comprises:
Work in progress172,313391,383
172,313391,383

Marwood Developments Ltd

4. DEBTORS 20242023
££
Amounts falling due within one year:
VAT3,6481,062
3,6481,062
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors13,0084,123
Taxation and social security32,4942,536
Other creditors107,249397,468
152,751404,127