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Company Registration No. 08423323 (England and Wales)
Marvellous Minds Ltd Unaudited accounts for the year ended 31 March 2025
Marvellous Minds Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Marvellous Minds Ltd Company Information for the year ended 31 March 2025
Directors
Dr B Morris Beverley Morris
Company Number
08423323 (England and Wales)
Registered Office
16 Dover Street Canterbury Kent CT1 3HD England
Accountants
Austin, Taylor Limited 16 Dover Street Canterbury Kent CT1 3HD
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Marvellous Minds Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,866
2,488
Current assets
Debtors
5
336
2,350
Cash at bank and in hand
42,751
43,805
43,087
46,155
Creditors: amounts falling due within one year
6
(6,047)
(6,262)
Net current assets
37,040
39,893
Total assets less current liabilities
38,906
42,381
Provisions for liabilities
Deferred tax
(355)
(473)
Net assets
38,551
41,908
Capital and reserves
Called up share capital
1
1
Profit and loss account
38,550
41,907
Shareholders' funds
38,551
41,908
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
Dr B Morris Director Company Registration No. 08423323
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Marvellous Minds Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Marvellous Minds Ltd is a private company, limited by shares, registered in England and Wales, registration number 08423323. The registered office is 16 Dover Street, , Canterbury, Kent, CT1 3HD, England.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
20%
Fixtures & fittings
20%
Computer equipment
20%
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.
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.
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Marvellous Minds Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
6,006
8,465
5,134
19,605
At 31 March 2025
6,006
8,465
5,134
19,605
Depreciation
At 1 April 2024
5,756
8,465
2,896
17,117
Charge for the year
62
-
560
622
At 31 March 2025
5,818
8,465
3,456
17,739
Net book value
At 31 March 2025
188
-
1,678
1,866
At 31 March 2024
250
-
2,238
2,488
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
2,350
Other debtors
336
-
336
2,350
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
4,497
3,356
Loans from directors
680
2,036
Accruals
870
870
6,047
6,262
7
Loans to directors
At the year end the director, Dr B Morris owed the company £680 was owed by the company (2024 £2,036). The loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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