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REGISTERED NUMBER: 01019232 (England and Wales)















GEORGE MARSHALL INDUSTRIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






GEORGE MARSHALL INDUSTRIES LIMITED (REGISTERED NUMBER: 01019232)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GEORGE MARSHALL INDUSTRIES LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTORS: Mr J H Marshall
Miss L E Marshall
Mrs K M Marshall





SECRETARY: Mrs K M Marshall





REGISTERED OFFICE: Aizelwood's Mill
Sheffield
South Yorkshire
S3 8GG





REGISTERED NUMBER: 01019232 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

GEORGE MARSHALL INDUSTRIES LIMITED (REGISTERED NUMBER: 01019232)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 457,353 327,588

CURRENT ASSETS
Stocks 100,483 103,018
Debtors 35,272 22,763
Prepayments and accrued income 4,668 2,814
Cash at bank 9,495 6,690
149,918 135,285
CREDITORS
Amounts falling due within one year (192,928 ) (170,176 )
NET CURRENT LIABILITIES (43,010 ) (34,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,343

292,697

PROVISIONS FOR LIABILITIES (70,997 ) (35,250 )
NET ASSETS 343,346 257,447

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 5 343,008 241,615
Retained earnings (24,662 ) (9,168 )
SHAREHOLDERS' FUNDS 343,346 257,447

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

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

GEORGE MARSHALL INDUSTRIES LIMITED (REGISTERED NUMBER: 01019232)

ABRIDGED BALANCE SHEET - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 April 2025 and were signed on its behalf by:




Mr J H Marshall - Director Mrs K M Marshall - Director




Miss L E Marshall - Director


GEORGE MARSHALL INDUSTRIES LIMITED (REGISTERED NUMBER: 01019232)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

George Marshall Industries 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Freehold property is valued on a revaluation basis. The director's assess the carrying value of freehold property on a regular basis to ensure that the carrying value does not differ materially from that which would be determined using fair value. Freehold buildings are depreciated over their estimated useful life of 50 years. Freehold land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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.

GEORGE MARSHALL INDUSTRIES LIMITED (REGISTERED NUMBER: 01019232)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

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 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2023 480,328
Additions 4,097
Disposals (52,465 )
Revaluations 103,072
At 31 July 2024 535,032
DEPRECIATION
At 1 August 2023 152,740
Charge for year 3,666
Eliminated on disposal (48,415 )
Revaluation adjustments (30,312 )
At 31 July 2024 77,679
NET BOOK VALUE
At 31 July 2024 457,353
At 31 July 2023 327,588

Cost or valuation at 31 July 2024 is represented by:

Totals
£   
Valuation in 2024 383,356
Cost 151,676
535,032

If Freehold land and buildings had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 66,644 66,644
Aggregate depreciation 30,311 29,095

Freehold land and buildings were valued on an open market basis basis on 31 July 2024 by the directors .

GEORGE MARSHALL INDUSTRIES LIMITED (REGISTERED NUMBER: 01019232)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


5. RESERVES
Revaluation
reserve
£   
At 1 August 2023 241,615
Revaluation 133,384
Deferred tax reserve transfer (37,556 )
Transfer between reserves 5,565

At 31 July 2024 343,008

6. RELATED PARTY DISCLOSURES

There have been no material transactions with any related parties, other than those with the directors.

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, by virtue of their shareholdings.