Company Registration No. 11988027 (England and Wales)
MARSHFIELD MOTORS LTD
Financial Statements
for the year ended 31 May 2023
MARSHFIELD MOTORS LTD
Financial Statements
Contents
MARSHFIELD MOTORS LTD
Company Information
for the year ended 31 May 2023
Director
Mr Ashfaq Hussain
Company Number
11988027 (England and Wales)
Registered Office
PEN Y WAIN FARM TY MAWR LANE
MARSHFIELD
CARDIFF
CF3 2YF
WALES
MARSHFIELD MOTORS LTD
Statement of financial position
as at 31 May 2023
Tangible assets
18,443
27,034
Cash at bank and in hand
43,466
41,173
Creditors: amounts falling due within one year
(6,489)
(4,740)
Net current assets
36,977
36,433
Total assets less current liabilities
55,420
63,467
Creditors: amounts falling due after more than one year
(46,604)
(59,172)
Called up share capital
90
1
Profit and loss account
8,726
4,294
Shareholders' funds
8,816
4,295
For the year ending 31 May 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 April 2024 and were signed on its behalf by
Mr Ashfaq Hussain
Director
Company Registration No. 11988027
MARSHFIELD MOTORS LTD
Notes to the Accounts
for the year ended 31 May 2023
MARSHFIELD MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11988027. The registered office is PEN Y WAIN FARM TY MAWR LANE, MARSHFIELD, CARDIFF, CF3 2YF, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
40,605
2,350
42,955
At 31 May 2023
40,605
2,350
42,955
At 1 June 2022
14,981
940
15,921
Charge for the year
8,121
470
8,591
At 31 May 2023
23,102
1,410
24,512
At 31 May 2023
17,503
940
18,443
At 31 May 2022
25,624
1,410
27,034
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
6,489
4,740
MARSHFIELD MOTORS LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
46,604
59,172
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).