Mark Davies & Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06340664

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,600		5,214

			4,600		5,214
CURRENT ASSETS
Stocks	5	41,157		23,436
Debtors	6	455,446		585,938
Cash at bank and in hand		669,326		451,829

		1,165,929		1,061,203
Creditors: Amounts Falling Due Within One Year	7	(332,559 )		(511,738 )

NET CURRENT ASSETS (LIABILITIES)			833,370		549,465

TOTAL ASSETS LESS CURRENT LIABILITIES			837,970		554,679

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,150 )		(1,304 )

NET ASSETS			836,820		553,375

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			836,720		553,275

SHAREHOLDERS' FUNDS			836,820		553,375

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Mark Davies & Associates Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Davies

Director

04/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mark Davies & Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06340664 . The registered office is 51 Moorgate, London, EC2R 6BH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% reducing balance
Computer Equipment	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

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Mark Davies & Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	34,863
Additions	797

As at 31 March 2025	35,660

Depreciation
As at 1 April 2024	29,649
Provided during the period	1,411

As at 31 March 2025	31,060

Net Book Value
As at 31 March 2025	4,600

As at 1 April 2024	5,214

5. Stocks

	2025	2024
	£	£
Work in progress	41,157	23,436

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	372,349	481,233
Amounts owed by participating interests	19,783	23,937
Other debtors	63,314	80,768

	455,446	585,938

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,942	25,099
Other creditors	142,476	356,067
Taxation and social security	177,141	130,572

	332,559	511,738

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Mark Davies & Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Related Party Transactions

Transactions with related parties

During the year the company made the following related party transactions:

Mark Davies

(Director and shareholder)

Included in other creditors is an amount owed to Mark Davies, for which no interest is charged and there is no fixed date for repayment. At the balance sheet date the amount due to Mark Davies was £1,934 (2024 - £115,934).

Jon Elphick

(Director and shareholder)

Included in other creditors is an amount owed to Jon Elphick, for which no interest is charged and there is no fixed date for repayment. At the balance sheet date the amount due to Jon Elphick was £0 (2024 - £6,000).

Mark Davies & Associates (Offshore) Limited

(A company is which Mark Davies is a director)

During the year, a balance of £1,477 owed to Mark Davies & Associates (Offshore) Limited was written off. As at the balance sheet date, the amount due to Mark Davies & Associates (Offshore) Limited was £0 (2024 - £1,477).

Nightingale Private Office Limited

During the year the company provided services amounting to £101,903 (2024 - £66,822) to Nightingale Private Office Limited. At the balance sheet date the amount due from Nightingale Private Office Limited was £18,213 (2024 - £33,017).

At the year end there was an intercompany loan balance of £19,783 (2024 - £23,937) owed to Mark Davies & Associates Limited.

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