Mark Bullen Limited 07108224 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is creative retouching. Digita Accounts Production Advanced 6.30.9574.0 true 07108224 2024-01-01 2024-12-31 07108224 2024-12-31 07108224 bus:OrdinaryShareClass1 2024-12-31 07108224 core:CurrentFinancialInstruments 2024-12-31 07108224 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07108224 core:OtherPropertyPlantEquipment 2024-12-31 07108224 bus:SmallEntities 2024-01-01 2024-12-31 07108224 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07108224 bus:FilletedAccounts 2024-01-01 2024-12-31 07108224 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07108224 bus:RegisteredOffice 2024-01-01 2024-12-31 07108224 bus:Director1 2024-01-01 2024-12-31 07108224 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07108224 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07108224 bus:Agent1 2024-01-01 2024-12-31 07108224 core:ComputerEquipment 2024-01-01 2024-12-31 07108224 core:OtherRelatedParties 2024-01-01 2024-12-31 07108224 core:UKTax 2024-01-01 2024-12-31 07108224 countries:EnglandWales 2024-01-01 2024-12-31 07108224 2023-12-31 07108224 core:OtherPropertyPlantEquipment 2023-12-31 07108224 2023-01-01 2023-12-31 07108224 2023-12-31 07108224 bus:OrdinaryShareClass1 2023-12-31 07108224 core:CurrentFinancialInstruments 2023-12-31 07108224 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07108224 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07108224 core:UKTax 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07108224

Mark Bullen Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Mark Bullen Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Mark Bullen Limited

Company Information

Director | Mark Bullen

Registered office | 9 Hare & Billet Road Blackheath SE3 0RB

Accountants | Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

Mark Bullen Limited

(Registration number: 07108224)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 6 | 29,646 | 3,702
Cash at bank and in hand |  | 28,890 | 47,244
|  | 58,536 | 50,946
Creditors: Amounts falling due within one year | 7 | (19,652) | (10,959)
Net assets |  | 38,884 | 39,987
Capital and reserves |  |  |
Called up share capital | 8 | 10 | 10
Retained earnings |  | 38,874 | 39,977
Shareholders' funds |  | 38,884 | 39,987

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2025

......................................... Mark Bullen Director

Mark Bullen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

The principal place of business is:
27 Brand Street
London
SE10 8SP

These financial statements were authorised for issue by the director on 18 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Mark Bullen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and turnover is recognised when it is received. If the service straddles the accounting year end it is apportioned on a pro-rata basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer equipment | 33% of cost per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Mark Bullen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4 | Taxation

Tax charged/(credited) in the income statement

| 2024 £ | 2023 £
Current taxation |  |
UK corporation tax | 6,309 | 297

Mark Bullen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 6,294 | 6,294
At 31 December 2024 | 6,294 | 6,294
Depreciation
At 1 January 2024 | 6,294 | 6,294
At 31 December 2024 | 6,294 | 6,294
Carrying amount
At 31 December 2024 | - | -

Mark Bullen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 29,646 | 3,702
| 29,646 | 3,702

7 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Taxation and social security | 15,061 | 7,468
Accruals and deferred income | 870 | 833
Other creditors | 3,721 | 2,658
| 19,652 | 10,959

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 10 | 10 | 10 | 10

Mark Bullen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Dividends

Interim dividends paid

|  | 2024 £ |  | 2023 £
Interim dividend of £2,800.00 (2023 - £3,320.00) per each Ordinary shares |  | 28,000 |  | 33,200

10 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 12,570 | 12,570
Contributions paid to money purchase schemes | 10,508 | 24,872
| 23,078 | 37,442

Summary of transactions with other related parties

Mark Bullen
(Company director) During the year Mark Bullen and his wife received dividends of £28,000 (2023: £33,200), they were also paid salaries of £25,140 (2023: £25,140) . He also incurred expenditure on the company's behalf of £1,064 (2023: £1,044) and the company paid £10,508 (2023: £24,872) towards the defined contribution pension scheme. At the balance sheet date the amount due to Mark Bullen was £3,721 (2023: £2,658).