Marker & Eccles Limited
Marker & Eccles Limited
Registered number: 03837983
ABRIDGED Financial Statements
For The Year Ended
30 September 2020
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Marker & Eccles Limited
Financial Statements
For The Year Ended
30 September 2020
Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—5 |
Marker & Eccles Limited
Abridged Balance Sheet
As at
30 September 2020
Abridged Balance Sheet
Registered number:
03837983
For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 7 |
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| Tangible Assets | 8 |
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| CURRENT ASSETS | |||||
| Stocks | 9 |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 20,803 | 33,868 | |||
Page 1
Marker & Eccles Limited
Abridged Balance Sheet (continued)
As at
30 September 2020
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2020 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 27 July 2021 and were signed on its behalf by:
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Marker & Eccles Limited
Notes to the Abridged Financial Statements
For The Year Ended
30 September 2020
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents net invoiced sales of goods and work done excluding Value Added Tax (VAT).
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is being amortised in equal annual instalments at the rate of £1,500 per annum.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures & Equipment |
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| Computer Equipment |
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No depreciation is charged in the year of acquisition.
1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Work in Progress is valued at the prime cost of labour plus other direct costs.
1.6.
Accounting Reference Date
The accounting reference date is 30 September.
These accounts are for the year ended 30 September 2020.
1.7.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2020 | 2019 | ||
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| Directors |
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Page 3
Marker & Eccles Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
30 September 2020
7.
Intangible Assets
| Total | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at
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| As at
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| Amortisation | |||
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| Provided during the period |
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| As at
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| Net Book Value | |||
| As at
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| As at
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8.
Tangible Assets
| Total | |
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| £ | |
| Cost | |
| As at
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| Additions |
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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9.
Stocks
| 2020 | 2019 | ||
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| £ | £ | ||
| Stock - work in progress |
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Page 4
Marker & Eccles Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended
30 September 2020
11.
Directors Advances, Credits and Guarantees
Dividends paid to Directors
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Mr Iain James | 30,150 | 36,450 |
| Mr Brian Bolger | 30,150 | 36,450 |
12.
Dividends
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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| 60,300 | 72,900 | ||
13.
Ultimate Controlling Party
The Company was controlled throughout the year by the Directors, Mr Iain James and Mr Brian Bolger, who each hold 41.666% of the total number of voting shares issued.
14.
General Information
Marker & Eccles Limited
is a private company, limited by shares, incorporated in England & Wales.
The registered number is
03837983
.
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
The total amount of dividends paid to the directors and their wives in the year is reported in note 11.
There are no other related party transactions to report.
There are no contingent liabilities or other post balance sheet events to report.
Page 5