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REGISTERED NUMBER: 03658450 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

MARKEY LIMITED

MARKEY LIMITED (REGISTERED NUMBER: 03658450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARKEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: W J Joe
N Markey





SECRETARY: Mrs C Markey





REGISTERED OFFICE: Unit 39b
Park Farm Industrial Estate
Ermine Street
Buntingford
Hertfordshire
SG9 9AZ





REGISTERED NUMBER: 03658450 (England and Wales)





ACCOUNTANTS: RP Accounting
Crinoline House
Common Road
East Tuddenham
Dereham
Norfolk
NR20 3NF

MARKEY LIMITED (REGISTERED NUMBER: 03658450)

STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 213,145 203,256

CURRENT ASSETS
Inventories 139,594 114,785
Debtors 5 436,979 520,335
Cash at bank and in hand 7,414 13,730
583,987 648,850
CREDITORS
Amounts falling due within one year 6 654,942 708,526
NET CURRENT LIABILITIES (70,955 ) (59,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,190

143,580

CREDITORS
Amounts falling due after more than one year 7 (17,142 ) (44,544 )

PROVISIONS FOR LIABILITIES (48,319 ) (38,081 )
NET ASSETS 76,729 60,955

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 76,728 60,954
SHAREHOLDERS' FUNDS 76,729 60,955

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

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

MARKEY LIMITED (REGISTERED NUMBER: 03658450)

STATEMENT OF FINANCIAL POSITION - continued
31ST OCTOBER 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 20th February 2025 and were signed on its behalf by:





N Markey - Director


MARKEY LIMITED (REGISTERED NUMBER: 03658450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Markey 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MARKEY LIMITED (REGISTERED NUMBER: 03658450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 52 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st November 2023 696,367
Additions 45,044
At 31st October 2024 741,411
DEPRECIATION
At 1st November 2023 493,111
Charge for year 35,155
At 31st October 2024 528,266
NET BOOK VALUE
At 31st October 2024 213,145
At 31st October 2023 203,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 364,257 374,154
Other debtors 72,722 146,181
436,979 520,335

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 229,888 226,358
Hire purchase contracts 9,512 9,263
Trade creditors 147,417 168,156
Taxation and social security 186,862 199,884
Other creditors 81,263 104,865
654,942 708,526

MARKEY LIMITED (REGISTERED NUMBER: 03658450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 17,142 35,032
Hire purchase contracts - 9,512
17,142 44,544

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank overdrafts 207,746 201,890
Bank loans 39,284 59,500
Hire purchase contracts 9,512 18,775
256,542 280,165

The advances from HSBC Invoice Finance Limited are secured by a fixed and floating charge over the assets of the company.

The HP and Finance Lease commitments are secured by the personal guarantees of the directors.

The Coronavirus Interruption Business Loan is secured by a government-backed guarantee.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

31.10.24 31.10.23
£    £   
W J Joe
Balance outstanding at start of year 26,184 12,046
Amounts advanced - 26,184
Amounts repaid (36,000 ) (12,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,816 ) 26,184

N Markey
Balance outstanding at start of year 107,329 34,560
Amounts advanced 52,369 107,329
Amounts repaid (108,000 ) (34,560 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,698 107,329

MARKEY LIMITED (REGISTERED NUMBER: 03658450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is N Markey.