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REGISTERED NUMBER: 10505683 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Marshall's Logistics Limited

Marshall's Logistics Limited (Registered number: 10505683)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Marshall's Logistics Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D T Marshall
R W Marshall
W M Marshall
W T Marshall





REGISTERED OFFICE: 1 Pedders Close
Colchester
Essex
CO3 4QX





REGISTERED NUMBER: 10505683 (England and Wales)





ACCOUNTANTS: Michael J Ventham
11 Lincoln Way
Maldon
Essex
CM9 6GL

Marshall's Logistics Limited (Registered number: 10505683)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 975,163 1,177,712
Investments 5 286,638 286,638
1,261,801 1,464,350

CURRENT ASSETS
Debtors 6 2,256,806 2,085,440
Cash at bank 72,326 179,146
2,329,132 2,264,586
CREDITORS
Amounts falling due within one year 7 2,095,671 2,037,737
NET CURRENT ASSETS 233,461 226,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,495,262

1,691,199

CREDITORS
Amounts falling due after more than one
year

8

(466,024

)

(719,753

)

PROVISIONS FOR LIABILITIES 9 (238,439 ) (289,170 )
NET ASSETS 790,799 682,276

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Retained earnings 11 740,799 632,276
790,799 682,276

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.

Marshall's Logistics Limited (Registered number: 10505683)

Balance Sheet - continued
30 April 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 24 January 2025 and were signed on its behalf by:




D T Marshall - Director



W T Marshall - Director


Marshall's Logistics Limited (Registered number: 10505683)

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

1. STATUTORY INFORMATION

Marshall's Logistics 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings25% WDV
Motor Vehiclesvarying rates

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 commitments
Fixed assets obtained through hire purchase agreements are capitalised on the date at which the asset came into use. Interest on the lease is charged to profit or loss in the period to which it relates.

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 14 (2023 - 17 ) .

Marshall's Logistics Limited (Registered number: 10505683)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures Motor
& Fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 17,466 1,384,455 1,401,921
Additions 3,637 1,860 5,497
At 30 April 2024 21,103 1,386,315 1,407,418
DEPRECIATION
At 1 May 2023 9,037 215,172 224,209
Charge for year 2,519 205,527 208,046
At 30 April 2024 11,556 420,699 432,255
NET BOOK VALUE
At 30 April 2024 9,547 965,616 975,163
At 30 April 2023 8,429 1,169,283 1,177,712

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 286,638
NET BOOK VALUE
At 30 April 2024 286,638
At 30 April 2023 286,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,232,355 1,373,311
Bad debt provision (30,458 ) (8,267 )
Amounts owed by group undertakings 919,154 635,201
Other debtors 2,954 -
Prepayments 132,801 85,195
2,256,806 2,085,440

Marshall's Logistics Limited (Registered number: 10505683)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 27,831 25,099
Hire purchase contracts 283,196 266,606
Trade creditors 899,092 999,183
Amounts owed to group undertakings - 15,504
Tax 279,230 48,788
Social security and other taxes 4,883 7,960
VAT 123,641 148,398
Other loan accounts 1,765 1,597
Pension control 537 541
Invoice discounting 435,678 479,424
Directors' loan accounts 10,055 14,332
Accrued expenses 29,763 30,305
2,095,671 2,037,737

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 30,563 27,831
Bank loans - 2-5 years 50,967 81,530
Hire purchase contracts 384,494 610,392
466,024 719,753

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 238,439 289,170

Deferred
tax
£   
Balance at 1 May 2023 289,170
Credit to Income Statement during year (50,731 )
Balance at 30 April 2024 238,439

Marshall's Logistics Limited (Registered number: 10505683)

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
Value:


30.4.24


30.4.23
£ £
19,000 Ordinary 1 19,000 30,000
10,000 Ordinary 'A' 1 10,000 10,000
2,500 Ordinary 'B' 1 2,500 2,500
7,500 Ordinary 'C' 1 7,500 7,500
10,000 Ordinary 'D' 1 10,000 -
1,000 Ordinary 'E' 1 1,000 -
50,000 50,000

During the year there was a reorganisation of shares and the introduction of two new share types.

11. RESERVES
Retained
earnings
£   

At 1 May 2023 632,276
Profit for the year 767,423
Dividends (658,900 )
At 30 April 2024 740,799

During the year, dividends were paid as follows:

Class:£
Ordinary177,100
Ordinary 'A'44,000
Ordinary 'B'86,790
Ordinary 'C'93,460
Ordinary 'D'157,550
Ordinary 'E'100,000
658,900

Marshall's Logistics Limited (Registered number: 10505683)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. RELATED PARTY DISCLOSURES

Included within Directors' loan accounts are:

W T Marshall £ 2,958 (2023: £2,928)
W M Marshall £ 1,357 (2023: £3,827)
D T Marshall £ 2,203 (2023: £3,968)
R W Marshall £ 3,537 (2023: £3,609)

Other loan accounts are loans from shareholders of the company and include:

S M Marshall £ 873 (2023: £760)
J Marshall £ 892 (2023: £837)

At the balance sheet date the company was owed £113,604 (2023: creditor of £15,504) by A M Logistics & Warehousing Southern Limited and was owed £805,550 (2023: £635,201) by Marshall's Corporation Limited, both of which are subsidiaries of the company.

13. ULTIMATE CONTROLLING PARTY

There is no sole controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Marshall's Logistics Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marshall's Logistics Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marshall's Logistics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marshall's Logistics Limited and state those matters that we have agreed to state to the Board of Directors of Marshall's Logistics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marshall's Logistics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marshall's Logistics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marshall's Logistics Limited. You consider that Marshall's Logistics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marshall's Logistics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Michael J Ventham
11 Lincoln Way
Maldon
Essex
CM9 6GL


24 January 2025