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REGISTERED NUMBER: 07333418 (England and Wales)




















MARSHALLS TRUCK BODIES LTD

Unaudited Financial Statements

for the Year Ended 31 October 2023






MARSHALLS TRUCK BODIES LTD (REGISTERED NUMBER: 07333418)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALLS TRUCK BODIES LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr R J Marshall





REGISTERED OFFICE: Units 1 & 3 Overman Way
Agecroft
Commerce Park
Swinton
Manchester
M27 8BQ





REGISTERED NUMBER: 07333418 (England and Wales)





ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU

MARSHALLS TRUCK BODIES LTD (REGISTERED NUMBER: 07333418)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229,393 142,501

CURRENT ASSETS
Stocks 2,180,000 1,850,000
Debtors 5 4,013,156 4,112,236
Cash at bank and in hand 90,785 104,965
6,283,941 6,067,201
CREDITORS
Amounts falling due within one year 6 3,151,933 2,855,130
NET CURRENT ASSETS 3,132,008 3,212,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,361,401

3,354,572

CREDITORS
Amounts falling due after more than one
year

7

1,118,984

1,223,197
NET ASSETS 2,242,417 2,131,375

CAPITAL AND RESERVES
Called up share capital 9 50 50
Retained earnings 2,242,367 2,131,325
SHAREHOLDERS' FUNDS 2,242,417 2,131,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

MARSHALLS TRUCK BODIES LTD (REGISTERED NUMBER: 07333418)

Balance Sheet - continued
31 OCTOBER 2023


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

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

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr R J Marshall - Director


MARSHALLS TRUCK BODIES LTD (REGISTERED NUMBER: 07333418)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Marshalls Truck Bodies Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% straight line and 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2022 - 48 ) .

MARSHALLS TRUCK BODIES LTD (REGISTERED NUMBER: 07333418)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 527,445
Additions 158,002
Disposals (15,500 )
At 31 October 2023 669,947
DEPRECIATION
At 1 November 2022 384,944
Charge for year 71,110
Eliminated on disposal (15,500 )
At 31 October 2023 440,554
NET BOOK VALUE
At 31 October 2023 229,393
At 31 October 2022 142,501

The net book value of tangible fixed assets includes £ 147,500 in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,301,368 1,647,635
Amounts owed by group undertakings 1,823,482 1,885,718
Other debtors 888,306 578,883
4,013,156 4,112,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 73,891 71,327
Hire purchase contracts 35,671 37,051
Trade creditors 2,129,740 2,517,997
Taxation and social security 545,018 161,665
Other creditors 367,613 67,090
3,151,933 2,855,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,079,238 1,169,779
Hire purchase contracts 39,746 53,418
1,118,984 1,223,197

MARSHALLS TRUCK BODIES LTD (REGISTERED NUMBER: 07333418)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 761,516 863,077

8. SECURED DEBTS

On 26 October 2020, a charge was registered in favour of The Co-operative Bank PLC. This charge is in relation to a fixed and floating charge on all of the property or undertaking of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr R J Marshall
Balance outstanding at start of year 27,418 389,137
Amounts advanced 204,486 594,664
Amounts repaid (273,332 ) (956,383 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41,428 ) 27,418

11. RELATED PARTY DISCLOSURES

During the year the company operated an intercompany loan account with the holding company Marshalls Group Developments Ltd. At the year end 30th October 2023, the company was owed by Marshalls Group Developments Ltd £1,823,482 (2022 - £1,885,718). This amount is included in debtors.

The company also operated intercompany loan accounts with Bowser Supply UK Ltd and Clear Cut Laser Engineering Ltd, related companies by virtue of the fact they are utlimately owned and controlled by company director, Mr R J Marshall. Amounts are included within other debtors at 31st October 2023 - Bowser Supply UK Ltd £NIL (2022 - £153,260) and Clear Cut Laser Engineering Ltd £821,874 (2022 - £376,445). Amounts are included within other creditors at 31st October 2023 - Bowser Supply UK Ltd £268,417 (2022 - £NIL).

12. ULTIMATE CONTROLLING PARTY

The director Mr R J Marshall is the Ultimate Controlling Party by virtue of his 100% holding of the share capital in the holding company Marshalls Group Developments Ltd.