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REGISTERED NUMBER: SC288651 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

GRAHAM MARSHALL & SON LIMITED

GRAHAM MARSHALL & SON LIMITED (Registered number: SC288651)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GRAHAM MARSHALL & SON LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G Marshall
Mrs C Marshall





SECRETARY: Mrs C Marshall





REGISTERED OFFICE: 41 Dryburgh Road
Wishaw
Lanarkshire
ML2 7JA





REGISTERED NUMBER: SC288651 (Scotland)





ACCOUNTANTS: Andersons
53 Wellhall Road
Hamilton
Lanarkshire
ML3 9BY

GRAHAM MARSHALL & SON LIMITED (Registered number: SC288651)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,570 29,191
19,570 29,191

CURRENT ASSETS
Stocks 22,500 54,000
Debtors 6 93,340 232,895
Cash at bank 1,002,261 733,064
1,118,101 1,019,959
CREDITORS
Amounts falling due within one year 7 324,975 150,934
NET CURRENT ASSETS 793,126 869,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,696

898,216

PROVISIONS FOR LIABILITIES 3,179 4,636
NET ASSETS 809,517 893,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 809,417 893,480
SHAREHOLDERS' FUNDS 809,517 893,580

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

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

GRAHAM MARSHALL & SON LIMITED (Registered number: SC288651)

Balance Sheet - continued
31 August 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 22 October 2024 and were signed on its behalf by:





G Marshall - Director


GRAHAM MARSHALL & SON LIMITED (Registered number: SC288651)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

GRAHAM MARSHALL & SON LIMITED is a private company, limited by shares , registered in Scotland. 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 2005, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 33% on cost and 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


GRAHAM MARSHALL & SON LIMITED (Registered number: SC288651)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 34,000
AMORTISATION
At 1 September 2023
and 31 August 2024 34,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

GRAHAM MARSHALL & SON LIMITED (Registered number: SC288651)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 209,406
Disposals (10,195 )
At 31 August 2024 199,211
DEPRECIATION
At 1 September 2023 180,215
Charge for year 9,621
Eliminated on disposal (10,195 )
At 31 August 2024 179,641
NET BOOK VALUE
At 31 August 2024 19,570
At 31 August 2023 29,191

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 72,496 205,366
Other debtors 20,844 27,529
93,340 232,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 51,339 47,030
Taxation and social security 71,473 70,570
Other creditors 202,163 33,334
324,975 150,934

8. ULTIMATE CONTROLLING PARTY

The controlling party is G Marshall.