7 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08460191 2023-04-01 2024-03-31 08460191 2024-03-31 08460191 2023-03-31 08460191 2022-04-01 2023-03-31 08460191 2023-03-31 08460191 2022-03-31 08460191 core:PlantMachinery 2023-04-01 2024-03-31 08460191 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08460191 core:MotorVehicles 2023-04-01 2024-03-31 08460191 bus:Director1 2023-04-01 2024-03-31 08460191 core:PlantMachinery 2023-03-31 08460191 core:FurnitureFittingsToolsEquipment 2023-03-31 08460191 core:MotorVehicles 2023-03-31 08460191 core:PlantMachinery 2024-03-31 08460191 core:FurnitureFittingsToolsEquipment 2024-03-31 08460191 core:MotorVehicles 2024-03-31 08460191 core:WithinOneYear 2024-03-31 08460191 core:WithinOneYear 2023-03-31 08460191 core:AfterOneYear 2024-03-31 08460191 core:AfterOneYear 2023-03-31 08460191 core:ShareCapital 2024-03-31 08460191 core:ShareCapital 2023-03-31 08460191 core:RetainedEarningsAccumulatedLosses 2024-03-31 08460191 core:RetainedEarningsAccumulatedLosses 2023-03-31 08460191 core:PlantMachinery 2023-03-31 08460191 core:FurnitureFittingsToolsEquipment 2023-03-31 08460191 core:MotorVehicles 2023-03-31 08460191 bus:Director1 2023-03-31 08460191 bus:Director1 2024-03-31 08460191 bus:Director1 2022-03-31 08460191 bus:Director1 2023-03-31 08460191 bus:Director1 2022-04-01 2023-03-31 08460191 bus:SmallEntities 2023-04-01 2024-03-31 08460191 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08460191 bus:FullAccounts 2023-04-01 2024-03-31 08460191 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08460191 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08460191 core:OtherPropertyPlantEquipment 2023-03-31 08460191 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08460191 core:OtherPropertyPlantEquipment 2024-03-31
Company registration number: 08460191
S J Marshall Limited
Unaudited filleted financial statements
31 March 2024
S J Marshall Limited
Contents
Statement of financial position
Notes to the financial statements
S J Marshall Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 254,057 213,925
_______ _______
254,057 213,925
Current assets
Stocks 50,833 24,704
Debtors 6 94,139 54,350
Cash at bank and in hand 280,801 160,561
_______ _______
425,773 239,615
Creditors: amounts falling due
within one year 7 ( 235,952) ( 122,867)
_______ _______
Net current assets 189,821 116,748
_______ _______
Total assets less current liabilities 443,878 330,673
Creditors: amounts falling due
after more than one year 8 ( 15,448) ( 29,228)
Provisions for liabilities ( 62,918) ( 40,306)
_______ _______
Net assets 365,512 261,139
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 365,511 261,138
_______ _______
Shareholders funds 365,512 261,139
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
S Dimond
Director
Company registration number: 08460191
S J Marshall Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 49, High Lands Farm, Southend Road, Chelmsford, Essex, CM3 8EB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 3 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Other assets Total
£ £ £ £ £
Cost
At 1 April 2023 520,510 18,364 55,991 1,787 596,652
Additions 62,247 9,170 59,000 596 131,013
Disposals ( 37,995) - ( 8,425) - ( 46,420)
_______ _______ _______ _______ _______
At 31 March 2024 544,762 27,534 106,566 2,383 681,245
_______ _______ _______ _______ _______
Depreciation
At 1 April 2023 330,148 12,374 40,206 - 382,728
Charge for the year 77,622 2,882 7,912 - 88,416
Disposals ( 35,531) - ( 8,425) - ( 43,956)
_______ _______ _______ _______ _______
At 31 March 2024 372,239 15,256 39,693 - 427,188
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2024 172,523 12,278 66,873 2,383 254,057
_______ _______ _______ _______ _______
At 31 March 2023 190,362 5,990 15,785 1,787 213,924
_______ _______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 91,078 34,667
Other debtors 3,061 19,683
_______ _______
94,139 54,350
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 93,737 34,509
Corporation tax 54,199 22,922
Social security and other taxes 34,743 17,617
Other creditors 43,273 37,819
_______ _______
235,952 122,867
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 11,667 21,667
Other creditors 3,781 7,561
_______ _______
15,448 29,228
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
S Dimond ( 132) ( 1,504) ( 1,636)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
S Dimond ( 10,002) 9,870 ( 132)
_______ _______ _______