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Registration number: 11849521

A&G Marshall Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

A&G Marshall Group Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

A&G Marshall Group Limited

(Registration number: 11849521)
Statement of Financial Position as at 30 April 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Tangible assets

4

30,579

40,290

Investments

5

345

560

 

30,924

40,850

Current assets

 

Debtors

6

461,900

423,773

Investments

7

119,884

104,029

Cash at bank and in hand

 

18,304

35,906

 

600,088

563,708

Creditors: Amounts falling due within one year

8

(273,008)

(243,828)

Net current assets

 

327,080

319,880

Total assets less current liabilities

 

358,004

360,730

Creditors: Amounts falling due after more than one year

8

(14,943)

(25,000)

Provisions for liabilities

(14,101)

(12,890)

Net assets

 

328,960

322,840

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

328,860

322,740

Shareholders' funds

 

328,960

322,840

 

A&G Marshall Group Limited

(Registration number: 11849521)
Statement of Financial Position as at 30 April 2024 (continued)

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 3 January 2025 and signed on its behalf by:
 


A Marshall
Director

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Penlee Way
Stoke
Plymouth
Devon
PL3 4AW

These financial statements were authorised for issue by the Board on 3 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 5).

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

468

2,207

66,695

69,370

Additions

-

483

-

483

At 30 April 2024

468

2,690

66,695

69,853

Depreciation

At 1 May 2023

205

832

28,043

29,080

Charge for the year

66

465

9,663

10,194

At 30 April 2024

271

1,297

37,706

39,274

Carrying amount

At 30 April 2024

197

1,393

28,989

30,579

At 30 April 2023

263

1,375

38,652

40,290

5

Investments

2024
£

(As restated)

2023
£

Investments in subsidiaries

345

560

As at 30 April 2024 the company owns 10% (2022: 75%) of the Ordinary share capital (13% (2022: 100%) of the A shares) of Mars Orbit Limited, a company incorporated in England and Wales.

As at 30 April 2024 the company owns 0% (2022:75%) of the Ordinary share capital (0% (2022: 100%) of the A shares) of New Leaf Sheds Limited, a company incorporated in England and Wales.

As at 30 April 2024 the company owns 0% (2022:75%) of the Ordinary share capital (0% (2022: 100%) of the A shares) of New Leaf Landscaping & Fencing Limited, a company incorporated in England and Wales.

As at 30 April 2024 the company owns 75% (2022: 75%) of the Ordinary share capital (100% (2022: 100%) of the A shares) of Really Useful Knowledge Consultants Limited, a company incorporated in England and Wales.

As at 30 April 2024 the company owns 35% (2022: 35%) of the Ordinary share capital of Glanville Trenchless Solutions Limited, a company incorporated in England and Wales.

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6

Debtors

2024
£

2023
£

Trade debtors

 

37,761

32,213

Amounts owed by related parties

10

413,135

386,369

Prepayments

 

2,206

2,191

Other debtors

 

8,798

3,000

   

461,900

423,773

7

Current asset investments

2024
£

2023
£

Other investments

119,884

104,029

8

Creditors

Creditors: amounts falling due within one year

2024
£

(As restated)

2023
£

Loans and borrowings

10,000

10,000

Trade creditors

 

68

2,407

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

32,528

32,378

Taxation and social security

 

2,615

1,335

Accruals and deferred income

 

2,270

2,100

Other creditors

 

225,527

195,608

 

273,008

243,828

The amount stated as loans and borrowings above represents a bounce back loan which benefits from a government guarantee.

Creditors: amounts falling due after more than one year

2024
£

2023
£

Loans and borrowings

14,943

25,000

The amount stated as loans and borrowings above represents a bounce back loan which benefits from a government guarantee.

 

A&G Marshall Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

9

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

10

Related party transactions

Transactions with directors

Directors loan account movements for the year are outlined below:

2024

At 1 May 2023
£

Repayments by director
£

At 30 April 2024
£

(191,608)

(25,300)

(216,908)

       
     

 

2023

At 1 May 2022
£

Repayments by director
£

At 30 April 2023
£

(191,608)

-

(191,608)

 

Summary of transactions with entities with joint control or significant interest

During the year the company, along with associated companies New Leaf Sheds Limited and New Leaf Landscaping and Fencing Limited, elected to write off the intercompany loan balance of £16,234 by formal deed of waiver and release.