Registered number
02961507
MARPLE BLASTING SERVICES LTD
Filleted Accounts
31 October 2024
MARPLE BLASTING SERVICES LTD
Registered number: 02961507
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,396 6,670
Current assets
Cash at bank and in hand 2,183 645
Creditors: amounts falling due within one year 4 (31,428) (22,189)
Net current liabilities (29,245) (21,544)
Total assets less current liabilities (26,849) (14,874)
Creditors: amounts falling due after more than one year 5 (12,390) (19,577)
Net liabilities (39,239) (34,451)
Capital and reserves
Called up share capital 14,100 14,100
Profit and loss account (53,339) (48,551)
Shareholders' funds (39,239) (34,451)
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.
M Atkinson
Director
Approved by the board on 14 July 2025
MARPLE BLASTING SERVICES LTD
Notes to the Accounts
for the year ended 31 October 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 24,696
At 31 October 2024 24,696
Depreciation
At 1 November 2023 18,026
Charge for the year 4,274
At 31 October 2024 22,300
Net book value
At 31 October 2024 2,396
At 31 October 2023 6,670
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,100 11,100
Taxation and social security costs 267 267
Other creditors 20,061 10,822
31,428 22,189
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,390 19,577
6 Other information
MARPLE BLASTING SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
651 A Mauldeth Road West
Chorlton
Manchester
M21 7SA
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