ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

MARCUSE ASSOCIATES LIMITED - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31No description of principal activity2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2021-01-01true 13053349 2020-12-31 13053349 2021-01-01 2021-12-31 13053349 2020-01-01 2020-12-31 13053349 2021-12-31 13053349 c:Director1 2021-01-01 2021-12-31 13053349 d:OfficeEquipment 2021-01-01 2021-12-31 13053349 d:OfficeEquipment 2021-12-31 13053349 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 13053349 d:CurrentFinancialInstruments 2021-12-31 13053349 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13053349 d:RetainedEarningsAccumulatedLosses 2021-12-31 13053349 c:FRS102 2021-01-01 2021-12-31 13053349 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 13053349 c:FullAccounts 2021-01-01 2021-12-31 13053349 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 13053349 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 13053349









MARCUSE ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021
 
MARCUSE ASSOCIATES LIMITED
REGISTERED NUMBER: 13053349

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
Note
£

Fixed assets
  

Tangible assets
 4 
1,014

  
1,014

Current assets
  

Debtors: amounts falling due within one year
 5 
31,755

Cash at bank and in hand
 6 
27,960

  
59,715

Creditors: amounts falling due within one year
 7 
(43,681)

Net current assets
  
 
 
16,034

Total assets less current liabilities
  
17,048

  

Net assets
  
17,048


Capital and reserves
  

Profit and loss account
  
17,048

  
17,048


Page 1
 
MARCUSE ASSOCIATES LIMITED
REGISTERED NUMBER: 13053349
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2022.




C Howard
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2
 
MARCUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Marcuse Associates Limited is a private company limited by shares. The Company is incorporated in
England and Wales. The address of its registered office is Aston House, Cornwall Avenue, London, N3
1LF. The registered number is 13053349.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue 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 revenue 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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3
 
MARCUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2021
            No.






Directors
2

Page 4
 
MARCUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,352



At 31 December 2021

1,352



Depreciation


Charge for the year on owned assets
338



At 31 December 2021

338



Net book value



At 31 December 2021
1,014


5.


Debtors

2021
£


Trade debtors
31,755

31,755



6.


Cash and cash equivalents

2021
£

Cash at bank and in hand
27,960

27,960


Page 5
 
MARCUSE ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
£

Corporation tax
17,318

Other taxation and social security
8,810

Other creditors
16,033

Accruals and deferred income
1,520

43,681


 
Page 6