REGISTERED NUMBER: 09189865 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mark Bloxham Stamps Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Bloxham

Miss E Ryan

SECRETARY:

Miss G Shone

REGISTERED OFFICE:

Roland House

Princes Dock Street

Hull

HU1 2LD

REGISTERED NUMBER:

09189865 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Intangible assets

4

-

69,375

Tangible assets

5

15,336

9,670

15,336

79,045

CURRENT ASSETS

Stocks

100,202

101,048

Debtors

6

67,209

14,658

Cash at bank and in hand

13,351

8,229

180,762

123,935

CREDITORS

Amounts falling due within one year

7

176,643

203,368

NET CURRENT ASSETS/(LIABILITIES)

4,119

(79,433

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,455

(388

)

CREDITORS

Amounts falling due after more than one year

8

(5,012

)

(15,012

)

PROVISIONS FOR LIABILITIES

(3,681

)

(1,837

)

NET ASSETS/(LIABILITIES)

10,762

(17,237

)

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

9,762

(18,237

)

SHAREHOLDERS' FUNDS

10,762

(17,237

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

M Bloxham - Director

1.	STATUTORY INFORMATION

Mark Bloxham Stamps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company meets its day to day working capital requirements through loan facilities including from its bankers. The company expects to operate within these facilities. Accordingly, the financial statements have been prepared on the going concern basis.

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 are delivered and the legal title has passed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

925,000

AMORTISATION

At 1 January 2024

855,625

Charge for year

69,375

At 31 December 2024

925,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

69,375

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

62,241

Additions

8,910

At 31 December 2024

71,151

DEPRECIATION

At 1 January 2024

52,571

Charge for year

3,244

At 31 December 2024

55,815

NET BOOK VALUE

At 31 December 2024

15,336

At 31 December 2023

9,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

160

12,986

Other debtors

67,049

1,672

67,209

14,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

86,094

108,871

Trade creditors

20,431

748

Taxation and social security

45,789

30,236

Other creditors

24,329

63,513

176,643

203,368

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,012

15,012

9.	SECURED DEBTS

The bank loan is secured by a fixed and floating charge over all the assets and undertakings of Mark Bloxham Stamps Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 January 2024

(18,237

)

Profit for the year

57,999

Dividends

(30,000

)

At 31 December 2024

9,762

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2024 Mr M Bloxham owed the company £25,701 (2023 £nil), and Miss E Ryan owed the company £25,701 (2023 £nil)

Interest has been charged on the amounts owed to the company by the Directors at the HMRC approved rate of 2.25%

13.	RELATED PARTY DISCLOSURES

Rent of £6,300 (2023 - £6,300) was paid to the directors during the year.

During the year the company purchased services of £13,283 (2023 - £6,043) from The Philatelic Traders Society Limited, a company of which M Bloxham is a Director. These transactions were on normal commercial terms. At 31 December 2024 £3,243 (2023 - £nil) was owed to The Philatelic Traders Society Limited.

During the year the company purchased services of £240 (2023 - £111) from PTS Expertising Limited, a company of which M Bloxham is a Director. These transactions were on normal commercial terms. At 31 December 2024 £240 (2023 - £nil) was owed to PTS Expertising Limited.

14.	ULTIMATE CONTROLLING PARTY

The company is controlled by M Bloxham and Miss E Ryan.