MARKHAMS LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Hornsby

I Johnson

A J Conroy

K P Taylor

Ms E Carr

REGISTERED OFFICE:

2 Merchants Place

Century Building

Tower Street

Liverpool

L3 4BJ

REGISTERED NUMBER:

03336682 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

1 Abbots Quay

Monks Ferry

Birkenhead

CH41 5LH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

140,364

10,122

140,364

10,122

CURRENT ASSETS

Stocks

174,019

63,846

Debtors

6

412,720

508,653

Cash at bank and in hand

419,635

410,473

1,006,374

982,972

CREDITORS

Amounts falling due within one year

7

420,454

369,258

NET CURRENT ASSETS

585,920

613,714

TOTAL ASSETS LESS CURRENT LIABILITIES

726,284

623,836

CREDITORS

Amounts falling due after more than one year

8

89,059

113,729

NET ASSETS

637,225

510,107

CAPITAL AND RESERVES

Called up share capital

46

46

Capital redemption reserve

20

20

Retained earnings

637,159

510,041

SHAREHOLDERS' FUNDS

637,225

510,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2025 and were signed on its behalf by:

M A Hornsby - Director

I Johnson - Director

1.	STATUTORY INFORMATION

Markhams 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 in respect of all timing differences that have originated but not reversed at the balance sheet 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 profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to related parties.

Debt instruments (other than those wholly repayable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement and retained earnings.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Finance costs

Finance costs are charged to the income statement and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

525,000

AMORTISATION

At 1st April 2024

and 31st March 2025

525,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2024

6,600

16,928

55,368

78,896

Additions

-

124,150

23,509

147,659

At 31st March 2025

6,600

141,078

78,877

226,555

DEPRECIATION

At 1st April 2024

3,300

16,262

49,212

68,774

Charge for year

1,650

6,540

9,227

17,417

At 31st March 2025

4,950

22,802

58,439

86,191

NET BOOK VALUE

At 31st March 2025

1,650

118,276

20,438

140,364

At 31st March 2024

3,300

666

6,156

10,122

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

373,359

449,972

Other debtors

39,361

58,681

412,720

508,653

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

723

Taxation and social security

333,905

292,210

Other creditors

86,549

76,325

420,454

369,258

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

89,059

113,729

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

M A Hornsby

Balance outstanding at start of year

16,100

32,747

Amounts advanced

6,184

16,100

Amounts repaid

(16,100

)

(32,747

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,184

16,100

I Johnson

Balance outstanding at start of year

-

11,306

Amounts repaid

-

(11,306

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

A J Conroy

Balance outstanding at start of year

396

4,197

Amounts advanced

1,372

396

Amounts repaid

(1,768

)

(4,197

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

396

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £318,675 were paid to the directors .

Included in creditors is the sum of £15,647 (2024 - £9,726) owing to Mr I Johnson, company directors and shareholders.