MARKET DONE LIMITED
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 9,000 10,500
Tangible assets 4 127 169
9,127 10,669
Current assets
Debtors 5 6,534 3,373
Cash at bank and in hand 778 87
7,312 3,460
Creditors: amounts falling due within one year 6 (6,204) (3,957)
Net current assets/(liabilities) 1,108 (497)
Total assets less current liabilities 10,235 10,172
Creditors: amounts falling due after more than one year 7 (17,830) (13,469)
Net liabilities (7,595) (3,297)
Capital and reserves
Called up share capital 1 1
Profit and loss account (7,596) (3,298)
Shareholder's funds (7,595) (3,297)
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
MRS. A.L. THOMAS-HOLLAND
Director
Approved by the board on 7 May 2025
MARKET DONE LIMITED
Notes to the Accounts
for the year ended 31 August 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Goodwill 10% straight line basis
Fixtures, fittings and equipment 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 15,000
At 31 August 2024 15,000
Amortisation
At 1 September 2023 4,500
Provided during the year 1,500
At 31 August 2024 6,000
Net book value
At 31 August 2024 9,000
At 31 August 2023 10,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 September 2023 399
At 31 August 2024 399
Depreciation
At 1 September 2023 230
Charge for the year 42
At 31 August 2024 272
Net book value
At 31 August 2024 127
At 31 August 2023 169
5 Debtors 2024 2023
£ £
Trade debtors 6,098 3,373
Corporation Tax 436 -
6,534 3,373
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,670 1,353
Taxes and social security costs 4,534 2,604
6,204 3,957
7 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 17,830 13,469
8 Controlling party
Mrs. A.L. Thomas-Holland, the sole director of the company at the Balance Sheet date, owns 100% of the issued share capital of the company.
9 Other information
MARKET DONE LIMITED is a private company limited by shares and incorporated in England (Company Number 12845537). Its registered office is 4, Foxearth, Leek Road, Werrington, Stoke-on-Trent, Staffs., ST9 0DG.
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