Mark Weeks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06525410 (England and Wales)

Mark Weeks Limited

Abridged Financial Statements for the Year Ended 31st March 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Director:

M Weeks

Registered office:

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Registered number:

06525410 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Fixed assets

Tangible assets

4

2,278

-

Current assets

Debtors

40,519

34,142

Cash in hand

301

300

40,820

34,442

Creditors

Amounts falling due within one year

42,606

33,429

Net current (liabilities)/assets

(1,786

)

1,013

Total assets less current liabilities

492

1,013

Capital and reserves

Called up share capital

5

100

100

Retained earnings

392

913

Shareholders' funds

492

1,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31st March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st July 2021 and were signed by:

M Weeks - Director

1.	Statutory information

Mark Weeks Limited is a private company, limited by shares , registered in England and 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	Employees and directors

The average number of employees during the year was 1 (2020 - 1 ) .

4.	Tangible fixed assets

Totals

£

Cost

Additions

2,848

At 31st March 2021

2,848

Depreciation

Charge for year

570

At 31st March 2021

570

Net book value

At 31st March 2021

2,278

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/21

31/3/20

value:

£

£

100

Ordinary

1

100

100

6.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st March 2021 and 31st March 2020:

31/3/21

31/3/20

£

£

M Weeks

Balance outstanding at start of year

3,293

(46

)

Amounts advanced

67,895

3,339

Amounts repaid

(84,555

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,367

)

3,293

7.	Controlling party

The controlling party is M Weeks.