REGISTERED NUMBER: 11986060 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mark Scarbrow Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M W Scarbrow

Mrs K A Scarbrow

REGISTERED OFFICE:

4b Priory Court Tuscam Way

Yorktown Business Park

Camberley

Surrey

GU15 3YX

REGISTERED NUMBER:

11986060 (England and Wales)

ACCOUNTANTS:

Butt Miller

Chartered Accountants

1 Minster Court

Tuscam Way

Camberley

Surrey

GU15 3YY

FIXED ASSETS

Intangible assets

4

15,000

17,500

Tangible assets

5

17,894

19,327

32,894

36,827

CURRENT ASSETS

Debtors

6

173,760

156,559

Cash at bank

22,753

11,055

196,513

167,614

CREDITORS

Amounts falling due within one year

7

(171,872

)

(261,214

)

NET CURRENT ASSETS/(LIABILITIES)

24,641

(93,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

57,535

(56,773

)

CREDITORS

Amounts falling due after more than one year

8

(128,665

)

(14,211

)

NET LIABILITIES

(71,130

)

(70,984

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(71,132

)

(70,986

)

(71,130

)

(70,984

)

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 25 September 2025 and were signed on its behalf by:

M W Scarbrow - Director

1.	STATUTORY INFORMATION

Mark Scarbrow Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of transition is 1 January 2024.

The transition to FRS 102 Section 1A "Small Entities" has not had any impact or resulted in any changes in accounting policies to that used previously.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Accrued income reflects the accrual of the right to consideration by reference to the value of the work performed and is included in debtors.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Going concern

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Operating leases

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 45 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

25,000

AMORTISATION

At 1 January 2024

7,500

Charge for year

2,500

At 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

15,000

At 31 December 2023

17,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

28,554

Additions

555

At 31 December 2024

29,109

DEPRECIATION

At 1 January 2024

9,227

Charge for year

1,988

At 31 December 2024

11,215

NET BOOK VALUE

At 31 December 2024

17,894

At 31 December 2023

19,327

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

92,196

102,738

Other debtors

-

360

Directors' current accounts

67,085

38,985

Recoverable s455 tax

13,494

13,494

Prepayments

985

982

173,760

156,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

4,322

2,005

Payable s455 tax

5,575

5,575

Social security and other taxes

102,687

201,150

Other creditors

48,176

35,184

Accrued expenses

3,112

9,300

171,872

261,214

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

5,259

8,000

Bank loans - 2-5 years

-

6,211

Social security and other taxes

123,406

-

128,665

14,211

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

10,959

8,126

Between one and five years

18,595

23,502

29,554

31,628

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Factoring liability

38,458

33,478

The factoring company has a fixed and floating charge over the assets of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

M W Scarbrow and Mrs K A Scarbrow

Balance outstanding at start of year

38,985

22,467

Amounts advanced

35,600

66,918

Amounts repaid

(7,500

)

(50,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

67,085

38,985

The above loan is interest free, unsecured and repayable on demand.