Registered number
07479940
Philip Marsden Limited
Unaudited Filleted Accounts
31 December 2024
Philip Marsden Limited
Registered number: 07479940
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 100
Current assets
Debtors 4 522,499 521,705
Investments held as current assets 5 1 1
Cash at bank and in hand 125,910 179,086
648,410 700,792
Creditors: amounts falling due within one year 6 (38,802) (52,284)
Net current assets 609,608 648,508
Net assets 609,608 648,608
Capital and reserves
Called up share capital 20 20
Profit and loss account 609,588 648,588
Shareholders' funds 609,608 648,608
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.
Dr Philip Marsden
Director
Approved by the board on 8 April 2025
Philip Marsden Limited
Notes to the Accounts
for the year ended 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:
Plant and machinery 4 years straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 4,917
At 31 December 2024 4,917
Depreciation
At 1 January 2024 4,817
Charge for the year 100
At 31 December 2024 4,917
Net book value
At 31 December 2024 -
At 31 December 2023 100
4 Debtors 2024 2023
£ £
Trade debtors 7,500 6,706
Other debtors 514,999 514,999
522,499 521,705
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 1 1
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 36,754 48,823
Other creditors 2,048 3,461
38,802 52,284
7 Other information
Philip Marsden Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Norreys Road
Cumnor
Oxford
OX2 9PT
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