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REGISTERED NUMBER: 05993272 (England and Wales)















MARSHALLS OF SUTTON-ON-TRENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MARSHALLS OF SUTTON-ON-TRENT LIMITED (REGISTERED NUMBER: 05993272)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


MARSHALLS OF SUTTON-ON-TRENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr J A Marshall
Mr P J Marshall
Mrs S E Sloan
Mrs T Marshall





REGISTERED OFFICE: 11 Main Street
Sutton on Trent
Newark
Nottinghamshire
NG23 6PF





REGISTERED NUMBER: 05993272 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

MARSHALLS OF SUTTON-ON-TRENT LIMITED (REGISTERED NUMBER: 05993272)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 2,714,219 2,557,546
2,714,219 2,557,546

CURRENT ASSETS
Inventories 72,317 57,999
Debtors 6 307,206 285,725
Cash at bank and in hand 452,093 203,248
831,616 546,972
CREDITORS
Amounts falling due within one year 7 1,815,428 1,633,534
NET CURRENT LIABILITIES (983,812 ) (1,086,562 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,730,407 1,470,984

CREDITORS
Amounts falling due after more than one year 8 (959,928 ) (864,805 )

PROVISIONS FOR LIABILITIES (442,022 ) (405,190 )
NET ASSETS 328,457 200,989

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 327,457 199,989
SHAREHOLDERS' FUNDS 328,457 200,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 26 September 2024 and were signed on its behalf by:



Mr J A Marshall - Director


MARSHALLS OF SUTTON-ON-TRENT LIMITED (REGISTERED NUMBER: 05993272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Marshalls of Sutton-on-Trent 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises sales of bus and coach services. Revenue is recognised when the significant risks and rewards have passed to the buyer, 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 that the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

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.

Property plant and equipment
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% on reducing balance, 20% on cost, 20% on reducing balance and 12.5% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MARSHALLS OF SUTTON-ON-TRENT LIMITED (REGISTERED NUMBER: 05993272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 50 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 100,000
AMORTISATION
At 1 May 2023
and 30 April 2024 100,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 656,961 4,081,513 4,738,474
Additions 238,253 380,634 618,887
Disposals - (629,397 ) (629,397 )
At 30 April 2024 895,214 3,832,750 4,727,964
DEPRECIATION
At 1 May 2023 - 2,180,928 2,180,928
Charge for year - 231,174 231,174
Eliminated on disposal - (398,357 ) (398,357 )
At 30 April 2024 - 2,013,745 2,013,745
NET BOOK VALUE
At 30 April 2024 895,214 1,819,005 2,714,219
At 30 April 2023 656,961 1,900,585 2,557,546


MARSHALLS OF SUTTON-ON-TRENT LIMITED (REGISTERED NUMBER: 05993272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 178,957 163,505
Other debtors 128,249 122,220
307,206 285,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,597 83,603
Hire purchase contracts 204,701 190,394
Trade creditors 88,531 97,628
Amounts owed to group undertakings 1,256,410 1,155,633
Taxation and social security 104,081 47,251
Other creditors 101,108 59,025
1,815,428 1,633,534

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 263,612 356,636
Hire purchase contracts 696,316 508,169
959,928 864,805

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 115,228 145,824

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 324,209 440,239
Hire purchase contracts 901,017 698,563
1,225,226 1,138,802

The bank loan is a mortgage and is secured upon the property in which it relates to.

The hire purchase contracts are secured upon the assets in which the contracts relate to.

MARSHALLS OF SUTTON-ON-TRENT LIMITED (REGISTERED NUMBER: 05993272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
600 A Ordinary £1 600 600
200 B Ordinary £1 200 200
100 C Ordinary £1 100 100
100 D Ordinary £1 100 100
1,000 1,000

11. OTHER FINANCIAL COMMITMENTS

The company had commitments due as follows:
20242023
££
Within one year8,2928.292
Between one and five years15,89324,185
24,18532,477

12. GOVERNMENT GRANTS

Government grants refers to the amounts received from the coronavirus job retention scheme totalling £nil (2023:£nil) and coronavirus bus service support totalling £nil (2023: £39,300) during the year. This is recognised in the period in which it relates.