Marshels of Farnham Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02694426

Marshels of Farnham Limited

Filleted Unaudited Financial Statements

31 March 2025

Marshels of Farnham Limited

Financial Statements

Year ended 31st March 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Marshels of Farnham Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Marshels of Farnham Limited

Year ended 31st March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marshels of Farnham Limited for the year ended 31st March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

BROOKS & CO. Chartered Accountants

9 Cheam Road Ewell Epsom Surrey KT17 1SP

4 November 2025

Marshels of Farnham Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	97,787	17,839

Current assets

Stocks		2,000	1,500
Debtors	6	190,542	403,286
Cash at bank and in hand		1,742,603	1,285,342
		------------	------------
		1,935,145	1,690,128

Creditors: amounts falling due within one year	7	380,012	431,983
		------------	------------
Net current assets		1,555,133	1,258,145
		------------	------------
Total assets less current liabilities		1,652,920	1,275,984

Creditors: amounts falling due after more than one year	8	–	1,150

Provisions

Taxation including deferred tax	17,466	–
	------------	------------
Net assets	1,635,454	1,274,834
	------------	------------

Capital and reserves

Called up share capital	10	10
Profit and loss account	1,635,444	1,274,824
	------------	------------
Shareholders funds	1,635,454	1,274,834
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Marshels of Farnham Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 November 2025 , and are signed on behalf of the board by:

Mr J S Elstow

Director

Company registration number: 02694426

Marshels of Farnham Limited

Notes to the Financial Statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Cheam Road, Ewell, Epsom, Surrey, KT17 1SP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents net invoiced workdone, excluding value added tax.

Income tax

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2024: 25 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1st April 2024	51,404	82,771	134,175
Additions	–	91,865	91,865
	--------	---------	---------
At 31st March 2025	51,404	174,636	226,040
	--------	---------	---------
Depreciation
At 1st April 2024	50,194	66,142	116,336
Charge for the year	302	11,615	11,917
	--------	---------	---------
At 31st March 2025	50,496	77,757	128,253
	--------	---------	---------
Carrying amount
At 31st March 2025	908	96,879	97,787
	--------	---------	---------
At 31st March 2024	1,210	16,629	17,839
	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	174,011	376,598
Other debtors	16,531	26,688
	---------	---------
	190,542	403,286
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	93,557	153,930
Corporation tax	111,118	110,246
Social security and other taxes	170,198	164,055
Other creditors	5,139	3,752
	---------	---------
	380,012	431,983
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	–	1,150
	----	-------

9. Related party transactions

Mr and Mrs Elstow own the entire share capital of the company. Mr & Mrs Elstow own the premises occupied by the company and were paid rent of £14,400 (2024: £14,400) during the year. Dividends totalling £37,000 (2024: £36,000) were paid during the year.