Company registration number 06880007 (England and Wales)
THOMAS MARSH LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
THOMAS MARSH LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
THOMAS MARSH LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,636
7,045
Current assets
Debtors
4
34,006
33,310
Cash at bank and in hand
12,804
34,364
46,810
67,674
Creditors: amounts falling due within one year
5
(136,470)
(63,119)
Net current (liabilities)/assets
(89,660)
4,555
Total assets less current liabilities
(84,024)
11,600
Creditors: amounts falling due after more than one year
6
(3,667)
(8,766)
Net (liabilities)/assets
(87,691)
2,834
Capital and reserves
Called up share capital
101
101
Profit and loss reserves
(87,792)
2,733
Total equity
(87,691)
2,834

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 July 2025 and are signed on its behalf by:
Mr T Chand
Director
Company registration number 06880007 (England and Wales)
THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Thomas Marsh Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 47 Orsett Road, Grays, Essex, United Kingdom, RM17 5HJ.

1.1
Reporting period

The comparative period was shortened to six months to align the accounts with group. Therefore the comparatives presented in the financial statements including the related notes are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of Lint Group Limited. These consolidated financial statements are available from its registered office, Gabrielle House, 332-336 Perth Road, Ilford, United Kingdom, IG2 6FF.

1.3
Going concern

For the year ended 30 September 2024, the company generated loss of £90,526 (2023: £7,330). The net current liabilities were £89,660 (2023: £4,555 net current assets) and net liabilities were £87,691 (2023: £2,834 net assets). The financial statements have been prepared on a going concern basis, the validity of which depends upon the financial support from the directors and a fellow subsidiary company. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover represent commission receivable from house sale and letting.

 

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% Reducing balance
Fixtures and fittings
20% Reducing balance
Computers
20% Reducing balance
THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
9,812
27,512
4,362
41,686
Depreciation and impairment
At 1 October 2023
9,050
23,817
1,774
34,641
Depreciation charged in the year
152
739
518
1,409
At 30 September 2024
9,202
24,556
2,292
36,050
Carrying amount
At 30 September 2024
610
2,956
2,070
5,636
At 30 September 2023
762
3,695
2,588
7,045
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
5,331
Amounts owed by group undertakings
26,440
22,440
Other debtors
7,566
5,539
34,006
33,310
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,168
9,402
Trade creditors
11,121
13,674
Amounts owed to group undertakings
110,000
984
Taxation and social security
1,143
17,894
Other creditors
9,038
21,165
136,470
63,119
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,667
8,766
THOMAS MARSH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
7
Operating lease commitments
As lessee

Operating lease payments represent rentals payable by the company for rental of their premises. The amount is payable in a quarterly arrangement amounting to £13,500 per quarter (2023: £13,500).

[Further information as appropriate]

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
43,875
57,375

[Further information as appropriate]

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

The financial statements for the prior period were unaudited.
Senior Statutory Auditor:
Ghulam Alahi
Statutory Auditor:
Vision Consulting Accountants Limited
Date of audit report:
5 August 2025
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