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REGISTERED NUMBER: 03117801















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARSHALL'S INDUSTRIAL LIMITED

MARSHALL'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARSHALL'S INDUSTRIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J B Marshall
M E Marshall
P G Marshall





REGISTERED OFFICE: Beadle Estate
Hithercroft Road
Wallingford
Oxfordshire
OX10 9DG





REGISTERED NUMBER: 03117801

MARSHALL'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,107 62,958

CURRENT ASSETS
Stocks 1,464,150 2,536,410
Debtors 5 503,382 1,041,573
Cash at bank and in hand 4,922,084 2,837,680
6,889,616 6,415,663
CREDITORS
Amounts falling due within one year 6 751,071 1,119,315
NET CURRENT ASSETS 6,138,545 5,296,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,226,652

5,359,306

PROVISIONS FOR LIABILITIES 17,758 10,898
NET ASSETS 6,208,894 5,348,408

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Capital redemption reserve 1,000 1,000
Retained earnings 6,198,894 5,338,408
6,208,894 5,348,408

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





R J B Marshall - Director


MARSHALL'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Marshall's Industrial Limited (company number: 03117801) is a private company limited by shares and incorporated England and Wales. Its registered office is Hithercroft Road, Wallingford, Oxfordshire, OX10 9DG.

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.

The presentation currency of the financial statements is GBP Sterling (£).

Going Concern
The directors believe that the company is experiencing good levels of sales activity and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates, and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
- the company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
- the company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company;
and
- the costs incurred or to be incurred in respect of the transition can be measured reliably.

Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.

MARSHALL'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight-line basis at rates of 3% to 20% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

MARSHALL'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
The financial statements are presented in Sterling, which is also the functional currency of the company. Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 10,423 201,576 122,235 334,234
Additions 1,452 10,271 69,590 81,313
Disposals - (7,173 ) (66,000 ) (73,173 )
At 31 December 2023 11,875 204,674 125,825 342,374
DEPRECIATION
At 1 January 2023 7,754 194,923 68,599 271,276
Charge for year 1,891 4,685 13,177 19,753
Eliminated on disposal - (6,663 ) (30,099 ) (36,762 )
At 31 December 2023 9,645 192,945 51,677 254,267
NET BOOK VALUE
At 31 December 2023 2,230 11,729 74,148 88,107
At 31 December 2022 2,669 6,653 53,636 62,958

MARSHALL'S INDUSTRIAL LIMITED (REGISTERED NUMBER: 03117801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 479,137 1,026,535
Other debtors 24,245 15,038
503,382 1,041,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 393,804 689,751
Taxation and social security 332,687 411,002
Other creditors 24,580 18,562
751,071 1,119,315

7. CONTINGENT LIABILITIES

The company has secured a letter of credit by way of all asset fixed and floating charges.