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COMPANY REGISTRATION NUMBER: 02795339
The Marketing Shop Limited
Filleted Unaudited Financial Statements
31 March 2024
The Marketing Shop Limited
Officers and Professional Advisers
Director
M Seymour
Registered office
3a The Wenta Business Centre
Colne Way
Watford
WD24 7ND
Accountants
Warners
Chartered Accountants
3a The Wenta Business Centre
Colne Way
Watford
WD24 7ND
The Marketing Shop Limited
Balance Sheet
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
123,421
123,421
Tangible assets
6
29
73
---------
---------
123,450
123,494
Creditors: amounts falling due within one year
7
121,169
123,379
---------
---------
Net current liabilities
121,169
123,379
---------
---------
Total assets less current liabilities
2,281
115
-------
----
Net assets
2,281
115
-------
----
Capital and reserves
Called up share capital
2
2
Profit and loss account
2,279
113
-------
----
Shareholders funds
2,281
115
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
M Seymour _______________ Director
Company registration number: 02795339
The Marketing Shop Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3a The Wenta Business Centre, Colne Way, Watford, WD24 7ND.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company continues to be supported by funding provided by the director and in the opinion of the director it is appropriate for the accounts to be prepared on a going concern basis.
Revenue recognition
Turnover represents the amount earned for work carried out during the year and takes account of the stage of completion of the work.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computers
-
30% straight line
Equipment
-
25% reducing balance
Product development costs are capitalised as intangible assets and amortised by reference to revenue streams. Amortisation commences only once product sales revenue is generated.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Development costs
£
Cost
At 1 April 2023 and 31 March 2024
123,421
---------
Amortisation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
123,421
---------
At 31 March 2023
123,421
---------
6. Tangible assets
Computer equipment
Equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
7,340
7,389
14,729
-------
-------
--------
Depreciation
At 1 April 2023
7,270
7,386
14,656
Charge for the year
42
2
44
-------
-------
--------
At 31 March 2024
7,312
7,388
14,700
-------
-------
--------
Carrying amount
At 31 March 2024
28
1
29
-------
-------
--------
At 31 March 2023
70
3
73
-------
-------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
14,580
14,580
Trade creditors
3,100
7,300
Accruals and deferred income
14,917
12,978
Director loan accounts
88,572
88,521
---------
---------
121,169
123,379
---------
---------