Marshalls Executive Travel Ltd Full Accounts Cover
Marshalls Executive Travel Ltd
Company No. SC375162
Audited Accounts
31 March 2023
Marshalls Executive Travel Ltd Contents
Page Numbers
Company Information
2
Directors' Report
3
Auditor's Report
4 to 6
Profit and Loss Account
7
Balance Sheet
8
Marshalls Executive Travel Ltd Company Information
Directors
D. Kain
G. Marshall
Company Secretary
V. Marshall
Registered Office
Viewfield Cottage
Broomfield Road
Ashgill
ML9 3DH
Auditor
Gardiner and Co Ltd
151 Main Street
Forth
ML11 8AE
Marshalls Executive Travel Ltd Directors Report
The Directors present their report and accounts for the year ended 31 March 2023.
Principal activities
The principal activity of the company during the year under review was Coach hire.
Directors
The Directors who served during the year were as follows:
G. Marshall
Statement of directors' responsibilities
The Directors are responsible for preparing the Directors' report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
*
select suitable accounting policies and then apply them consistently;
*
make judgements and estimates that are reasonable and prudent;
*
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Statement of disclosure of information to auditor
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that information.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
........................................................................................................
G. Marshall
Director
14 November 2023
Marshalls Executive Travel Ltd Audit Report Unqualified
Independent Auditor's Report to the members of Marshalls Executive Travel Ltd
Opinion
We have audited the accounts of Marshalls Executive Travel Ltd (the 'company') for the year ended 31 March 2023 which comprise the Profit and Loss Account, the Balance Sheet and the Detailed Balance Sheet Notes including significant accounting polices. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard FRS 105 'The Financial Reporting Standard applicable to the Micro-Entities Regime' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts are in all material respects:
• properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,specifically FRS 105; and
• prepared in accordance with the requirements of the Companies Act 2006 as applied to
micro-entities.
Therefore under section 495(3A) of the Companies Act 2006, in our opinion the accounts give a true and fair view of the state of the company's affairs at at year ended 31 March 2023 and of its profit for the year then ended.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Other matter - application of true and fair view
The accounts have been prepared under the micro-entities regime which does not require the directors or the the auditor to consider the inclusion of any disclosures necessary to give a true and fair view where these go beyond the minimum disclosures required by the Companies act 2006 as applied to micro-entities.
Conclusions relating to going concern
In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
Our responsibilities and the responsibillities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the directors' report and accounts, other than the accounts and our auditor’s report thereon. The directors are responsible for the other information.
Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based upon the work undertaken in the course of the audit:
• the information given in the directors' report for the financial year for which the accounts are
prepared is consistent with the accounts; and
• the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
• adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us; or
• the accounts are not in agreement with the accounting records and returns; or
• certain disclosures of directors’ remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit; or
• the directors were not entitled to prepare the accounts in accordance with the micro-entities
regime and take advantage of the micro-entities' exemptions from the requirements to prepare
a directors' report and strategic report.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
A further description of our responsibilities for the audit of the accounts is located on the FRC's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of this report
This report is made solely to the company's members, as a body, in accordance Chapter 3 of Part 16 of the Companies Act 2006 as applied to micro-entities. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
J GARDINER
Senior Statutory Auditor
For and on behalf of
Gardiner and Co Ltd
Accountants and Statutory Auditors
151 Main Street
Forth
ML11 8AE
14 November 2023
Marshalls Executive Travel Ltd Profit and Loss
for the year ended 31 March 2023
2023
2022
£
£
Turnover
256,840
166,469
Other income
-
12,319
Cost of raw materials and consumables
(1,321)
(9,451)
Staff costs
(52,366)
(45,493)
Depreciation and other amounts written off assets
(1,393)
6,841
Other charges
(151,515)
(127,696)
Profit before tax for the financial year
50,2452,989
Tax
2,017
(2,017)
Profit for the financial year
52,262972
Marshalls Executive Travel Ltd Balance Sheet
at
31 March 2023
Company No.
SC375162
2023
2022
£
£
Fixed assets
174,03363,676
Current assets
10,39729,754
Creditors: Amounts falling due within one year
(45,821)
(66,402)
Net current liabilities
(35,424)
(36,648)
Total assets less current liabilities
138,60927,028
Creditors: Amounts falling due after more than one year
(140,490)
(65,572)
Accruals and deferred income
-1
(1,881)
(38,543)
Capital and reserves
(1,881)
(38,543)
NOTES TO THE ACCOUNTS
1
Basis of preparation
4
These accounts have been prepared in accordance with the micro-entity provisions of the small companies regime.
2
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
33
3
General information
Marshalls Executive Travel Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is:
SC375162
Its registered office is:
Viewfield Cottage
Broomfield Road
Ashgill
ML9 3DH
The accounts were approved by the board of directors on 14 November 2023 and signed on its behalf by:
G. Marshall - Director
Marshalls Executive Travel LtdSC37516231 March 202301 April 2022false14 November 202314 November 2023BTCSoftware AP Solution 2023 10.4.0310.4.03The principal activity of the company during the year under review was Coach hire. SC3751622022-04-012023-03-31SC3751622023-03-31SC375162bus:Director12022-04-012023-03-31SC375162bus:Director22022-04-012023-03-31SC375162bus:CompanySecretary12022-04-012023-03-31SC375162bus:RegisteredOffice2022-04-012023-03-31SC3751622021-04-012022-03-31SC3751622022-03-31SC375162core:WithinOneYear2023-03-31SC375162core:WithinOneYear2022-03-31SC375162core:AfterOneYear2023-03-31SC375162core:AfterOneYear2022-03-31SC375162countries:UnitedKingdom2022-04-012023-03-31SC375162core:PlantMachinery2022-04-01SC375162core:MotorVehicles2022-04-01SC3751622022-04-01SC375162core:PlantMachinery2022-04-012023-03-31SC375162core:MotorVehicles2022-04-012023-03-31SC375162core:PlantMachinery2023-03-31SC375162core:MotorVehicles2023-03-31SC375162core:PlantMachinery2022-03-31SC375162core:MotorVehicles2022-03-31SC375162bus:OrdinaryShareClass12022-04-012023-03-31SC375162bus:OrdinaryShareClass12023-03-31SC375162bus:OrdinaryShareClass12021-04-012022-03-31SC375162core:ShareCapital2022-04-01SC375162core:RetainedEarningsAccumulatedLosses2022-04-01SC375162core:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC375162core:ShareCapital2023-03-31SC375162core:RetainedEarningsAccumulatedLosses2023-03-31SC375162bus:Micro-entities2022-04-012023-03-31SC375162bus:FullAccounts2022-04-012023-03-31SC375162bus:Audited2022-04-012023-03-31SC375162bus:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:purexbrli:shares