Registered number
07694803
Marshall Builders Ltd
Unaudited Filleted Accounts
31 March 2024
Marshall Builders Ltd
Registered number: 07694803
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 8,252 13,776
Current assets
Debtors 5 18,480 24,590
Cash at bank and in hand 11,039 4,010
29,519 28,600
Creditors: amounts falling due within one year 6 (34,822) (29,351)
Net current liabilities (5,303) (751)
Total assets less current liabilities 2,949 13,025
Creditors: amounts falling due after more than one year 7 - (1,107)
Net assets 2,949 11,918
Capital and reserves
Called up share capital 7 7
Profit and loss account 2,942 11,911
Shareholders' funds 2,949 11,918
The director is 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 director acknowledges his 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.
D Marshall
Director
Approved by the board on 8 October 2024
Marshall Builders Ltd
Notes to the Accounts
for the year ended 31 March 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:
Plant and machinery over 5 years
Motor vehicles over 5 years
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 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Website Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 900 16,914 33,476 51,290
Additions - - 1,000 1,000
At 31 March 2024 900 16,914 34,476 52,290
Depreciation
At 1 April 2023 719 15,839 20,956 37,514
Charge for the year 60 269 6,195 6,524
At 31 March 2024 779 16,108 27,151 44,038
Net book value
At 31 March 2024 121 806 7,325 8,252
At 31 March 2023 181 1,075 12,520 13,776
5 Debtors 2024 2023
£ £
Trade debtors 4,050 774
Other debtors 14,430 23,816
18,480 24,590
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,658 6,983
Obligations under finance lease and hire purchase contracts 1,714 5,349
Taxation and social security costs 20,648 14,313
Other creditors 8,802 2,706
34,822 29,351
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 1,107
8 Other information
Marshall Builders Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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