J.W. Marsden & Sons Limited - Accounts to registrar (filleted) - small 18.2
J.W. Marsden & Sons Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2019 |
| for |
| J.W. Marsden & Sons Limited |
| J.W. Marsden & Sons Limited (Registered number: 00385092) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J.W. Marsden & Sons Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Hazlemere |
| 70 Chorley New Road |
| Bolton |
| Lancashire |
| BL1 4BY |
| BANKERS: |
| J.W. Marsden & Sons Limited (Registered number: 00385092) |
| Balance Sheet |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Fair value reserve | 8 |
| Retained earnings | 8 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| J.W. Marsden & Sons Limited (Registered number: 00385092) |
| Balance Sheet - continued |
| 31 March 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| J.W. Marsden & Sons Limited (Registered number: 00385092) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| J.W. Marsden & Sons Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| The total turnover of the company for the year has been derived from its principal activity wholly |
| undertaken in the UK. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss |
| Account, except to the extent that it relates to items recognised in other comprehensive income or |
| directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| 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. |
| Fixed asset investments |
| Listed investments are stated at mid-market price. Unlisted investments are as valued by the directors. |
| Any aggregate surplus or deficit arising from changes in fair value is recognised in the Profit and Loss |
| account. |
| Deferred taxation is provided on any fair value gains at current rates. |
| J.W. Marsden & Sons Limited (Registered number: 00385092) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 3. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2018 | 204,184 |
| Revaluations | 19,636 |
| At 31 March 2019 | 223,820 |
| NET BOOK VALUE |
| At 31 March 2019 | 223,820 |
| At 31 March 2018 | 204,184 |
| Cost or valuation at 31 March 2019 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2019 | 19,636 | - | 19,636 |
| Valuation in 2018 | 4,743 | - | 4,743 |
| Valuation in 2017 | 30,076 | - | 30,076 |
| Valuation in 2016 | 60,336 | - | 60,336 |
| Valuation in 2015 | (1,361 | ) | - | (1,361 | ) |
| Valuation in 1994 | - | 64,500 | 64,500 |
| Valuation in 2005 | - | 30,000 | 30,000 |
| Cost | 5,390 | 10,500 | 15,890 |
| 118,820 | 105,000 | 223,820 |
| The market value of listed investments at 31 March 2019 was £118,820 (2018 - £99,184). |
| Unlisted investments represent 35% of the issued ordinary share capital of Hardwood Dimensions |
| (Holdings) Limited, a company incorporated in the United Kingdom. This holding has been valued by |
| the directors at £105,000 (2018 - £105,000). On an historical cost basis the carrying value of these |
| shares would be £10,500. |
| As shown in the company accounts of Hardwood Dimensions (Holdings) Limited, at 31 March 2019 net |
| assets totalled £2,552,973 (2018 -£2,536,515) and the profit after tax for the year then ended was |
| £32,913 (2018 - £122,211). |
| The results of that company are not included in these accounts as JW Marsden & Sons Limited is not |
| in a position to exercise a significant influence over the commercial and financial policy decisions of |
| that company. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Directors' current accounts | 129 | - |
| Prepayments and accrued income |
| J.W. Marsden & Sons Limited (Registered number: 00385092) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Accruals and deferred income |
| 6. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax |
| Other timing differences | 28,592 | 28,228 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2018 |
| Provided during year |
| Re fair value revaluation |
| Balance at 31 March 2019 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary A | £1 | 2,000 | 2,000 |
| Ordinary B | £1 | 2,000 | 2,000 |
| Preference | £1 | 1,000 | 1,000 |
| 5,000 | 5,000 |
| 8. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2018 | 184,821 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Reserve transfer | (19,272 | ) | 19,272 | - |
| At 31 March 2019 | 202,503 |