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REGISTERED NUMBER: 05266477 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MARSHALL CORPORATION LIMITED

MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALL CORPORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: R C Marshall
Miss A P Cave
G R C Marshall





SECRETARY: Miss A P Cave





REGISTERED OFFICE: 5 Broton Drive
Halstead
Essex
CO9 1HB





REGISTERED NUMBER: 05266477 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 102,525 119,612
Tangible assets 5 97,083 82,748
Investments 6 2 2
199,610 202,362

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 7 29,557 29,470
Cash at bank and in hand 1,815,120 1,465,822
1,869,677 1,520,292
CREDITORS
Amounts falling due within one year 8 540,300 339,087
NET CURRENT ASSETS 1,329,377 1,181,205
TOTAL ASSETS LESS CURRENT LIABILITIES 1,528,987 1,383,567

CREDITORS
Amounts falling due after more than one
year

9

(77,738

)

(64,107

)

PROVISIONS FOR LIABILITIES (24,271 ) (20,687 )
NET ASSETS 1,426,978 1,298,773

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,426,976 1,298,771
SHAREHOLDERS' FUNDS 1,426,978 1,298,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





R C Marshall - Director


MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Marshall Corporation 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures, fittings and equipment - at varying rates on cost
Motor vehicles - Straight line over 4 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 8 ) .

MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 341,750
AMORTISATION
At 1 June 2023 222,138
Charge for year 17,087
At 31 May 2024 239,225
NET BOOK VALUE
At 31 May 2024 102,525
At 31 May 2023 119,612

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 June 2023 72,079 243,532 315,611
Additions - 86,915 86,915
Disposals - (51,241 ) (51,241 )
At 31 May 2024 72,079 279,206 351,285
DEPRECIATION
At 1 June 2023 68,091 164,772 232,863
Charge for year 1,398 59,016 60,414
Eliminated on disposal - (39,075 ) (39,075 )
At 31 May 2024 69,489 184,713 254,202
NET BOOK VALUE
At 31 May 2024 2,590 94,493 97,083
At 31 May 2023 3,988 78,760 82,748

MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 105,650
Additions 74,221
At 31 May 2024 179,871
DEPRECIATION
At 1 June 2023 53,928
Charge for year 44,969
At 31 May 2024 98,897
NET BOOK VALUE
At 31 May 2024 80,974
At 31 May 2023 51,722

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 2
NET BOOK VALUE
At 31 May 2024 2
At 31 May 2023 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,466 5,624
Other debtors 26,091 23,846
29,557 29,470

MARSHALL CORPORATION LIMITED (REGISTERED NUMBER: 05266477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 31,475 21,371
Trade creditors 163,427 140,644
Taxation and social security 187,502 116,101
Other creditors 147,896 50,971
540,300 339,087

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,833 25,833
Hire purchase contracts (see note 10) 61,905 38,274
77,738 64,107

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 31,475 21,371
Between one and five years 61,905 38,274
93,380 59,645

Non-cancellable operating leases
2024 2023
£    £   
Within one year 19,046 18,000
Between one and five years 18,922 33,000
In more than five years 261 -
38,229 51,000

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 93,380 59,645