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Company Registration No. 13080725 (England and Wales)
Marquess Tax Ltd Unaudited accounts for the year ended 31 December 2024
Marquess Tax Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Marquess Tax Ltd Company Information for the year ended 31 December 2024
Director
Sam Lockwood
Company Number
13080725 (England and Wales)
Registered Office
Suite 36, Harborough Innovation Centre Leicester Road Market Harborough LE16 7WB
Accountants
Chris Burgess Accountancy Ltd The Old Surgery 48 High Street Chalgrove Oxfordshire OX44 7SS
- 3 -
Marquess Tax Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
10,882
17,247
Current assets
Debtors
5
112,568
172,915
Cash at bank and in hand
65,119
91,921
177,687
264,836
Creditors: amounts falling due within one year
6
(100,809)
(77,506)
Net current assets
76,878
187,330
Total assets less current liabilities
87,760
204,577
Creditors: amounts falling due after more than one year
7
(2,186)
(10,465)
Provisions for liabilities
Deferred tax
8
(2,720)
(4,139)
Net assets
82,854
189,973
Capital and reserves
Called up share capital
9
10
10
Profit and loss account
82,844
189,963
Shareholders' funds
82,854
189,973
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2025 and were signed on its behalf by
Sam Lockwood Director Company Registration No. 13080725
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Marquess Tax Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Marquess Tax Ltd is a private company, limited by shares, registered in England and Wales, registration number 13080725. The registered office is Suite 36, Harborough Innovation Centre , Leicester Road, Market Harborough, LE16 7WB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Marquess Tax Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
29,570
3,948
4,555
38,073
Additions
-
188
-
188
At 31 December 2024
29,570
4,136
4,555
38,261
Depreciation
At 1 January 2024
16,296
1,948
2,582
20,826
Charge for the year
4,380
1,034
1,139
6,553
At 31 December 2024
20,676
2,982
3,721
27,379
Net book value
At 31 December 2024
8,894
1,154
834
10,882
At 31 December 2023
13,274
2,000
1,973
17,247
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
65,522
10,204
Accrued income and prepayments
1,636
1,361
Other debtors
45,410
161,350
112,568
172,915
6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
8,279
7,577
Taxes and social security
65,546
66,458
Loans from directors
-
628
Accruals
26,984
2,843
100,809
77,506
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases and hire purchase contracts
2,186
10,465
- 6 -
Marquess Tax Ltd Notes to the Accounts for the year ended 31 December 2024
8
Deferred taxation
2024
2023
£
£
Accelerated capital allowances
2,720
4,139
2024
2023
£
£
Provision at start of year
4,139
4,531
Credited to the profit and loss account
(1,419)
(392)
Provision at end of year
2,720
4,139
9
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
- A Ordinary shares of £0.01 each
-
9.00
- B Ordinary shares of £0.01 each
-
1.00
666 A1 Ordinary shares of £0.01 each
6.66
-
74 A2 Ordinary shares of £0.01 each
0.74
-
260 B1 Ordinary shares of £0.01 each
2.60
-
10.00
10.00
Shares issued during the period:
666 A1 Ordinary shares of £0.01 each
6.66
74 A2 Ordinary shares of £0.01 each
0.74
260 B1 Ordinary shares of £0.01 each
2.60
10.00
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Sam Lockwood
Interest free loan, repayable upon demand
-
4,060
-
4,060
-
4,060
-
4,060
11
Average number of employees
During the year the average number of employees was 4 (2023: 3).
- 7 -