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REGISTERED NUMBER: 00147129 (England and Wales)















J. MARSLAND & SONS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 30 SEPTEMBER 2024






J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J. MARSLAND & SONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024







DIRECTORS: Mr J P Broadwith
Mr M T D Ward
Mr A J Broadwith





REGISTERED OFFICE: Hartwith House
Claro Road
Harrogate
HG1 4DS





REGISTERED NUMBER: 00147129 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,101,537 2,156,832
Investments 5 1,300 1,300
2,102,837 2,158,132

CURRENT ASSETS
Stocks 589,810 446,779
Debtors 6 280,667 219,688
Cash at bank and in hand 247,348 177,401
1,117,825 843,868
CREDITORS
Amounts falling due within one year 7 667,316 394,864
NET CURRENT ASSETS 450,509 449,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,553,346

2,607,136

CREDITORS
Amounts falling due after more than one year 8 (368,722 ) (405,926 )

PROVISIONS FOR LIABILITIES (32,350 ) (43,678 )
NET ASSETS 2,152,274 2,157,532

CAPITAL AND RESERVES
Called up share capital 11 27,969 27,969
Capital redemption reserve 18,921 18,921
Retained earnings 2,105,384 2,110,642
SHAREHOLDERS' FUNDS 2,152,274 2,157,532

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 June 2025 and were signed on its behalf by:




Mr J P Broadwith - Director


J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

J. Marsland & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements cover a period of nine months. The change in year end was made in order to bring the end of the reporting period in line with the parent company. This means that comparative amounts in the financial statements (including the related notes) are not entirely comparable.

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.

Subsequent to the year end, the trade and assets of the company were hived up into the parent company and holding company. As the company has ceased to trade, the directors consider it no longer appropriate to prepare the financial statements on a going concern basis given these circumstances.

The financial statements depart from accounting standards and Companies Act 2006 to the extent necessary to give a true and fair view. The details of each matter, including a description of the departure from accounting standards, its nature, and why it was considered necessary are given as part of the relevant accounting policy or disclosure note. No material adjustments arose as a result of the change in basis.

The directors have concluded that the financial statements give a true and fair view of the company's financial position and financial performance.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 16.67% on cost

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


J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
The company recognises HGV grant income into profit and loss on a five year straight line basis.

Financial instruments
Bank loans are measured at amortised cost using the effective interest rate.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Creditors
Short term creditors are measured at the transaction price.

Debtors
Short term debtors are measured at transaction price, less any impairment.

J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 2,087,402 209,224 95,962
Additions 3,470 - -
Disposals - - -
At 30 September 2024 2,090,872 209,224 95,962
DEPRECIATION
At 1 January 2024 106,880 96,860 72,345
Charge for period 11,863 11,878 2,173
Eliminated on disposal - - -
At 30 September 2024 118,743 108,738 74,518
NET BOOK VALUE
At 30 September 2024 1,972,129 100,486 21,444
At 31 December 2023 1,980,522 112,364 23,617

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 321,063 156,933 2,870,584
Additions - 537 4,007
Disposals (60,963 ) - (60,963 )
At 30 September 2024 260,100 157,470 2,813,628
DEPRECIATION
At 1 January 2024 289,570 148,097 713,752
Charge for period 22,879 3,386 52,179
Eliminated on disposal (53,840 ) - (53,840 )
At 30 September 2024 258,609 151,483 712,091
NET BOOK VALUE
At 30 September 2024 1,491 5,987 2,101,537
At 31 December 2023 31,493 8,836 2,156,832

The net book value of tangible fixed assets includes £ 17,780 (2023 - £ 19,662 ) in respect of assets held under hire purchase contracts.

J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 30 September 2024 1,300
NET BOOK VALUE
At 30 September 2024 1,300
At 31 December 2023 1,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 277,695 212,118
Other debtors - 3,835
Prepayments and accrued income 2,972 3,735
280,667 219,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,257 38,864
Hire purchase contracts (see note 9) 3,373 11,057
Trade creditors 221,664 210,172
Amounts owed to group undertakings 289,597 -
Tax 17,723 1,105
Social security and other taxes 74,775 108,282
Directors' current accounts - 15,000
Accruals and deferred income 16,927 10,384
667,316 394,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 158,237 145,908
Bank loans more than five years by
instalments

210,485

257,741
Hire purchase contracts (see note 9) - 2,277
368,722 405,926

J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than five years by
instalments

210,485

257,741

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 3,373 11,057
Between one and five years - 2,277
3,373 13,334

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 411,979 442,513
Hire purchase contracts 3,373 13,334
415,352 455,847

The bank loans were secured by a legal charge over the property and a debenture over all assets of the company. These charges were satisfied after the year end.

The hire purchase contracts are secured on the assets concerned.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
27,969 Ordinary shares £1 27,969 27,969

J. MARSLAND & SONS LIMITED (REGISTERED NUMBER: 00147129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 30 SEPTEMBER 2024

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
As the prior year accounts were unaudited we were unable to satisfy ourselves concerning the stock quantities and valuation of the stock as at 1 January 2024. The opening stock per the balance sheet was £446,779 and we were unable to determine if any adjustment to this amount was necessary

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd

13. POST BALANCE SHEET EVENTS

Subsequent to the year end, the trade and assets of the company were hived up into the parent company and holding company.

14. ULTIMATE CONTROLLING PARTY AND PARENT COMPANY

The controlling party is Mr J P Broadwith.

The company's parent company is G H Brooks & Co (Harrogate) Limited, a limited company incorporated in England and Wales with a registered office of Hartwith House, Claro Road, Harrogate, North Yorkshire, HG1 4DS.

The parent of the smallest group for which consolidated financial statements are drawn up of which the company is a member is G H Brooks & Co (Holdings) Limited with a registered office of Hartwith House, Claro Road, Harrogate, North Yorkshire, HG1 4DS.

The company's ultimate parent company is G H Brooks & Co (Holdings)Limited