Registered number
08590913
Marbud Construction Ltd
Filleted Accounts
31 July 2024
Marbud Construction Ltd
Registered number: 08590913
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,625 19,492
Current assets
Debtors 4 257,214 170,720
Cash at bank and in hand 105,139 99,723
362,353 270,443
Creditors: amounts falling due within one year 5 (195,435) (117,910)
Net current assets 166,918 152,533
Total assets less current liabilities 187,543 172,025
Creditors: amounts falling due after more than one year 6 (42,525) (70,686)
Provisions for liabilities (4,810) (3,703)
Net assets 140,208 97,636
Capital and reserves
Called up share capital 1 1
Profit and loss account 140,207 97,635
Shareholders' funds 140,208 97,636
The directors are 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 directors acknowledge their 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.
Marcin Grzegorski
Director
Approved by the board on 9 April 2025
Marbud Construction Ltd
Notes to the Accounts
for the year ended 31 July 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.
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
Fixtures, fittings, tools and equipment 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 4,411 75,695 80,106
Additions - 8,776 8,776
At 31 July 2024 4,411 84,471 88,882
Depreciation
At 1 August 2023 4,411 56,203 60,614
Charge for the year - 7,643 7,643
At 31 July 2024 4,411 63,846 68,257
Net book value
At 31 July 2024 - 20,625 20,625
At 31 July 2023 - 19,492 19,492
4 Debtors 2024 2023
£ £
Trade debtors 65,944 170,720
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,100 -
Other debtors 161,170 -
257,214 170,720
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,458 20,932
Obligations under finance lease and hire purchase contracts 6,432 6,432
Trade creditors 1,166 4,877
Taxation and social security costs 162,355 55,871
Other creditors 24 29,798
195,435 117,910
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,236 56,190
Obligations under finance lease and hire purchase contracts 9,289 14,496
42,525 70,686
7 Other information
Marbud Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Harman Court
Rectory Park Avenue
Northolt
Middx
UB5 6SS
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