Company registration number 03358942 (England and Wales)
MARK TIBBS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2026
PAGES FOR FILING WITH REGISTRAR
MARK TIBBS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MARK TIBBS LTD (REGISTERED NUMBER: 03358942)
BALANCE SHEET
AS AT 5 APRIL 2026
05 April 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
5,807
-
0
Tangible assets
4
231,896
252,217
237,703
252,217
Current assets
Stocks
114,865
108,832
Debtors
5
123,702
99,283
Cash at bank and in hand
355,009
379,409
593,576
587,524
Creditors: amounts falling due within one year
6
(177,896)
(235,916)
Net current assets
415,680
351,608
Total assets less current liabilities
653,383
603,825
Creditors: amounts falling due after more than one year
7
-
0
(2,709)
Provisions for liabilities
(14,664)
(19,233)
Net assets
638,719
581,883
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
637,719
580,883
Total equity
638,719
581,883
MARK TIBBS LTD (REGISTERED NUMBER: 03358942)
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2026
05 April 2026
- 2 -

For the financial year ended 5 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 June 2026 and are signed on its behalf by:
M B Tibbs
Director
MARK TIBBS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2026
- 3 -
1
Accounting policies
Company information

Mark Tibbs Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 333A Limpsfield Road, Hamsey Green, South Croydon, Surrey, CR2 9DH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised:

Turnover for the sale of goods is recognised when all of the following conditions are met:
- The company has transferred the significant risks and rewards of ownership to the buyer;
- the amount of turnover can be recognised reliably and; - It is probable that the company will receive the consideration due under the transaction.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measured reliably |  |  |
- It is probable that the company will receive the consideration due under the contract

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

MARK TIBBS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
1
Accounting policies
(Continued)
- 4 -

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website and software
25% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
1% on cost
Plant and machinery
33% on cost
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

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

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MARK TIBBS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
12
12
3
Intangible fixed assets
Website and software
£
Cost
At 6 April 2025
-
0
Additions
6,215
At 5 April 2026
6,215
Amortisation and impairment
At 6 April 2025
-
0
Amortisation charged for the year
408
At 5 April 2026
408
Carrying amount
At 5 April 2026
5,807
At 5 April 2025
-
0
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 6 April 2025
204,584
55,918
12,792
158,820
432,114
Additions
-
0
-
0
1,082
-
0
1,082
At 5 April 2026
204,584
55,918
13,874
158,820
433,196
Depreciation and impairment
At 6 April 2025
29,297
55,907
9,829
84,864
179,897
Depreciation charged in the year
2,046
11
857
18,489
21,403
At 5 April 2026
31,343
55,918
10,686
103,353
201,300
MARK TIBBS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2026
4
Tangible fixed assets
Land and buildings Freehold
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
£
(Continued)
- 6 -
Carrying amount
At 5 April 2026
173,241
-
0
3,188
55,467
231,896
At 5 April 2025
175,287
11
2,963
73,956
252,217
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
102,425
79,051
Other debtors
21,277
20,232
123,702
99,283
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
2,500
9,895
Trade creditors
65,967
82,389
Taxation and social security
101,812
133,933
Other creditors
7,617
9,699
177,896
235,916
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
2,709

The bank loan is secured by way of a first fixed charge against the freehold property and all plant and machinery, a first fixed charge over all book and other debts of the company and by the way of a floating charge over all the assets of the company.

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