Registration number:
A&G Marshall Group Limited
for the Year Ended 30 April 2024
A&G Marshall Group Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
A&G Marshall Group Limited
(Registration number: 11849521)
Statement of Financial Position as at 30 April 2024
Note |
2024 |
(As restated) |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
328,860 |
322,740 |
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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:
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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
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A&G Marshall Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
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)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
A&G Marshall Group Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)
Tangible assets |
Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 May 2023 |
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Additions |
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- |
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At 30 April 2024 |
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Depreciation |
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At 1 May 2023 |
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Charge for the year |
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At 30 April 2024 |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Investments |
2024 |
(As restated) |
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Investments in subsidiaries |
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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)
Debtors |
2024 |
2023 |
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Trade debtors |
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32,213 |
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Amounts owed by related parties |
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386,369 |
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Prepayments |
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2,191 |
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Other debtors |
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3,000 |
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423,773 |
Current asset investments |
2024 |
2023 |
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Other investments |
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Creditors |
Creditors: amounts falling due within one year
2024 |
(As restated) |
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Loans and borrowings |
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10,000 |
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Trade creditors |
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2,407 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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32,378 |
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Taxation and social security |
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1,335 |
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Accruals and deferred income |
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2,100 |
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Other creditors |
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195,608 |
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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 |
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Loans and borrowings |
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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)
Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
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 |
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( |
( |
( |
2023 |
At 1 May 2022 |
Repayments by director |
At 30 April 2023 |
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( |
- |
( |
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.