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REGISTERED NUMBER: 01910587 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

MARIE SPARSHATT LIMITED

MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARIE SPARSHATT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: Mr A E Sparshatt-Potter
Mr G E Sparshatt-Potter



REGISTERED OFFICE: 5 Amesbury Business Park
London Road
Amesbury
Wiltshire
SP4 7LS



REGISTERED NUMBER: 01910587 (England and Wales)



ACCOUNTANTS: Aspen Waite Limited
Chartered Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH



BANKERS: Lloyds Bank PLC
272 London Road
Waterlooville
Hampshire
PO7 7HN

MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)

BALANCE SHEET
31ST JULY 2024

31/7/24 31/7/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 430,003 468,127

CURRENT ASSETS
Stocks 57,709 53,432
Debtors 5 91,359 85,116
Cash at bank 31,767 19,007
180,835 157,555
CREDITORS
Amounts falling due within one year 6 (155,720 ) (132,941 )
NET CURRENT ASSETS 25,115 24,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,118

492,741

CREDITORS
Amounts falling due after more than one year 7 (52,333 ) (88,733 )

PROVISIONS FOR LIABILITIES (34,522 ) (40,530 )
NET ASSETS 368,263 363,478

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 162,126 166,080
Retained earnings 206,037 197,298
SHAREHOLDERS' FUNDS 368,263 363,478

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

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

MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)

BALANCE SHEET - continued
31ST JULY 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 and authorised for issue by the Board of Directors and authorised for issue on 14th April 2025 and were signed on its behalf by:





Mr G E Sparshatt-Potter - Director


MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)

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

1. STATUTORY INFORMATION

Marie Sparshatt 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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.
Freehold property - 2% straight line basis
Plant and equipment - 15% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

The company has taken advantage of the exemption in paragraph 35.10d of FRS 102 and elected to use a previous GAAP revaluation of an item period of an item of property, plant and equipment as deemed cost.

STOCKS
Stocks 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 balance sheet date.


MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)

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

2. ACCOUNTING POLICIES - continued
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.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


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.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding.

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.

GOING CONCERN
Just before the year end the Covid-19 global pandemic affected the UK. The company has benefited from the financial assistance provided by the UK government which includes the receipt of grant, bounce back loan and placing employees on the Furlough Scheme. The Director has assessed the potential impact of this global pandemic and although there is some uncertainty about the extent and time frame of this pandemic on the UK economy the director is confident that the company is strongly positioned to handle the downturn.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property equipment equipment vehicles Totals
£    £    £    £    £   
COST
At 1st August 2023 300,000 977,592 12,671 14,300 1,304,563
Additions - 126 417 - 543
At 31st July 2024 300,000 977,718 13,088 14,300 1,305,106
DEPRECIATION
At 1st August 2023 48,000 762,711 11,687 14,038 836,436
Charge for year 6,000 32,252 350 65 38,667
At 31st July 2024 54,000 794,963 12,037 14,103 875,103
NET BOOK VALUE
At 31st July 2024 246,000 182,755 1,051 197 430,003
At 31st July 2023 252,000 214,881 984 262 468,127

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
equipment
£   
COST
At 1st August 2023 187,355
Transfer to ownership (35,155 )
At 31st July 2024 152,200
DEPRECIATION
At 1st August 2023 125,697
Charge for year 16,495
Transfer to ownership (83,461 )
At 31st July 2024 58,731
NET BOOK VALUE
At 31st July 2024 93,469
At 31st July 2023 61,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 90,418 84,542
Prepayments 941 574
91,359 85,116

MARIE SPARSHATT LIMITED (REGISTERED NUMBER: 01910587)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loan and overdrafts 10,000 10,000
Hire purchase contracts 26,400 26,400
Trade creditors 17,247 24,359
Corporation tax - 222
Social security and other taxes 5,898 5,455
VAT 20,441 14,771
Directors' current accounts 52,234 48,234
Accruals and deferred income 23,500 3,500
155,720 132,941

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans due 1-2 years 8,333 10,000
Bank loans due 2-5 years - 8,333
Hire purchase contracts 44,000 70,400
52,333 88,733

8. SECURED DEBTS

The following secured debts are included within creditors:

31/7/24 31/7/23
£    £   
Bank loan 18,333 28,333
Hire purchase contracts 70,400 96,800
88,733 125,133

Lloyds Bank PLC hold a single debenture by way of fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

Lloyds Bank PLC also hold a mortgage charge over units 5 & 6 London Road, Amesbury, Wiltshire including a floating charge over all moveable plant machinery implements utensils furniture and equipment.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
100 Ordinary £1 100 100