Marles Farm Services Limited - Filleted accounts

Registered number

08056470

Marles Farm Services Limited

Unaudited Filleted Accounts

28 February 2025

Marles Farm Services Limited
Registered number:		08056470
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,911			2,419

Current assets
Stocks		-			9,390
Debtors	4	13,560			25,944
Cash at bank and in hand		22,797			7,965
		36,357			43,299

Creditors: amounts falling due within one year	5	(20,205)			(17,140)

Net current assets			16,152			26,159

Total assets less current liabilities			18,063			28,578

Creditors: amounts falling due after more than one year	6		(1,159)			(5,260)

Provisions for liabilities			(363)			(460)


Net assets			16,541			22,858

Capital and reserves
Called up share capital			1			1
Profit and loss account			16,540			22,857

Shareholder's funds			16,541			22,858

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr C Marles
Director
Approved by the board on 30 July 2025

Marles Farm Services Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	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 from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% straight line
	Motor vehicles			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.





2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 March 2024			5,269		14,700		19,969
	At 28 February 2025			5,269		14,700		19,969

	Depreciation
	At 1 March 2024			5,239		12,311		17,550
	Charge for the year			30		478		508
	At 28 February 2025			5,269		12,789		18,058

	Net book value
	At 28 February 2025			-		1,911		1,911
	At 29 February 2024			30		2,389		2,419


4	Debtors					2025		2024
£							£

	Trade debtors					4,550		4,051
	Other debtors					9,010		21,893
						13,560		25,944


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					4,174		4,073
	Trade creditors					3,633		5,820
	Taxation and social security costs					1,430		-
	Other creditors					10,968		7,247
						20,205		17,140


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,159		5,260


7	Loans (to)/from directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Director
	Interest free, repayable on demand	11,567		12,171		(17,333)		6,405

		11,567		12,171		(17,333)		6,405


8	Other information

	Marles Farm Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Parsonage Cottage
	Cottles Lane
	Woodbury
	Exeter
	EX5 1EE