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REGISTERED NUMBER: 04646406 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

G J MARDLING & SONS LIMITED

G J MARDLING & SONS LIMITED (REGISTERED NUMBER: 04646406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G J MARDLING & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr G J Mardling
Mr A G Mardling
Mr I W Mardling





SECRETARY: Mrs P Mardling





REGISTERED OFFICE: Holly Rose Cottage
Stoneheath
Hilderstone
Stone
Staffordshire
ST15 8SH





REGISTERED NUMBER: 04646406 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horse fair
Rugeley
Staffordshire
WS15 2EL

G J MARDLING & SONS LIMITED (REGISTERED NUMBER: 04646406)

BALANCE SHEET
31 MARCH 2024

31/3/23 31/3/24
£    Notes £   
FIXED ASSETS
68,018 Tangible assets 4 92,977

CURRENT ASSETS
28,977 Debtors 5 41,199
77,086 Cash at bank 70,823
106,063 112,022
CREDITORS
(82,872 ) Amounts falling due within one year 6 (60,512 )
23,191 NET CURRENT ASSETS 51,510
91,209 TOTAL ASSETS LESS CURRENT
LIABILITIES

144,487

CREDITORS
(4,836 ) Amounts falling due after more than one
year

7

(31,404

)

(12,788 ) PROVISIONS FOR LIABILITIES (24,174 )
73,585 NET ASSETS 88,909

CAPITAL AND RESERVES
100 Called up share capital 100
73,485 Retained earnings 88,809
73,585 SHAREHOLDERS' FUNDS 88,909

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

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

G J MARDLING & SONS LIMITED (REGISTERED NUMBER: 04646406)

BALANCE SHEET - continued
31 MARCH 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 5 March 2025 and were signed on its behalf by:




Mr A G Mardling - Director



Mr I W Mardling - Director


G J MARDLING & SONS LIMITED (REGISTERED NUMBER: 04646406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

G J Mardling & Sons 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.

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.
Plant and machinery etc - 20% on cost and 15% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

G J MARDLING & SONS LIMITED (REGISTERED NUMBER: 04646406)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 676,440
Additions 64,693
At 31 March 2024 741,133
DEPRECIATION
At 1 April 2023 608,422
Charge for year 39,734
At 31 March 2024 648,156
NET BOOK VALUE
At 31 March 2024 92,977
At 31 March 2023 68,018

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 206,293
DEPRECIATION
At 1 April 2023
and 31 March 2024 191,637
NET BOOK VALUE
At 31 March 2024 14,656
At 31 March 2023 14,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 41,199 28,977

G J MARDLING & SONS LIMITED (REGISTERED NUMBER: 04646406)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 2,382 2,382
Hire purchase contracts - 3,298
Trade creditors 21,456 29,232
Taxation and social security 34,013 45,539
Other creditors 2,661 2,421
60,512 82,872

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 2,474 4,700
Hire purchase contracts 28,930 136
31,404 4,836

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 4,856 7,082
Hire purchase contracts 28,930 3,434
33,786 10,516

The bank loan is secured by a floating charge over the companies assets.

Hire purchase balances are secured over the assets to which they relate.