REGISTERED NUMBER: 10505683 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Marshall's Logistics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

D T Marshall

W M 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

FIXED ASSETS

Tangible assets

4

784,302

975,163

Investments

5

286,638

286,638

1,070,940

1,261,801

CURRENT ASSETS

Debtors

6

2,289,664

2,256,806

Cash at bank and in hand

55,347

72,326

2,345,011

2,329,132

CREDITORS

Amounts falling due within one year

7

2,081,266

2,095,671

NET CURRENT ASSETS

263,745

233,461

TOTAL ASSETS LESS CURRENT LIABILITIES

1,334,685

1,495,262

CREDITORS

Amounts falling due after more than one year

8

(254,265

)

(466,024

)

PROVISIONS FOR LIABILITIES

9

(187,707

)

(238,439

)

NET ASSETS

892,713

790,799

CAPITAL AND RESERVES

Called up share capital

10

50,000

50,000

Retained earnings

11

842,713

740,799

892,713

790,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 23 October 2025 and were signed on its behalf by:

D T Marshall - Director

W M Marshall - Director

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 & Fittings

25% WDV

Motor Vehicles

varying 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 12 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

& Fittings

vehicles

Totals

£

£

£

COST

At 1 May 2024

21,103

1,386,315

1,407,418

Additions

1,188

21,980

23,168

At 30 April 2025

22,291

1,408,295

1,430,586

DEPRECIATION

At 1 May 2024

11,556

420,699

432,255

Charge for year

2,404

211,625

214,029

At 30 April 2025

13,960

632,324

646,284

NET BOOK VALUE

At 30 April 2025

8,331

775,971

784,302

At 30 April 2024

9,547

965,616

975,163

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

286,638

NET BOOK VALUE

At 30 April 2025

286,638

At 30 April 2024

286,638

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,322,212

1,232,355

Bad debt provision

(52,075

)

(30,458

)

Amounts owed by group undertakings

874,221

919,154

Other debtors

(56

)

2,954

Prepayments

145,362

132,801

2,289,664

2,256,806

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

30,563

27,831

Hire purchase contracts

181,196

283,196

Trade creditors

791,891

899,092

Tax

285,127

279,230

Social security and other taxes

5,702

4,883

VAT

111,198

123,641

Other loan accounts

961

1,765

Pension control

525

537

Invoice discounting

633,903

435,678

Directors' loan accounts

7,219

10,055

Accrued expenses

32,981

29,763

2,081,266

2,095,671

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

33,295

30,563

Bank loans - 2-5 years

17,672

50,967

Hire purchase contracts

203,298

384,494

254,265

466,024

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

187,707

238,439

Deferred

tax

£

Balance at 1 May 2024

238,439

Credit to Income Statement during year

(50,732

)

Balance at 30 April 2025

187,707

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

30.4.25

30.4.25

£

£

19,000

Ordinary

1

19,000

19,000

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

10,000

1,000

Ordinary 'E'

1

1,000

1,000

50,000

50,000

11.

RESERVES

Retained

earnings

£

At 1 May 2024

740,799

Profit for the year

788,559

Dividends

(686,645

)

At 30 April 2025

842,713

During the year, dividends were paid as follows:

Class:

£

Ordinary

92,050

Ordinary 'A'

45,500

Ordinary 'B'

141,000

Ordinary 'C'

46,320

Ordinary 'D'

161,775

Ordinary 'E'

200,000

686,645

12.	RELATED PARTY DISCLOSURES

Included within Directors' loan accounts are:

W T Marshall

£

267

(2024: £2,958)

W M Marshall

£

603

(2024: £1,357)

D T Marshall

£

5,904

(2024: £2,203)

R W Marshall

£

445

(2024: £3,537)

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

S M Marshall

£

114

(2024: £873)

J Marshall

£

847

(2024: £892)

At the balance sheet date the company was owed £150,750 (2024: £113,604) by A M Logistics & Warehousing Southern Limited and was owed £723,471 (2024: £805,550) by Marshall's Corporation Limited, both of which are subsidiaries of the company.

13.	POST BALANCE SHEET EVENTS

On 15 July 2025 Marshall's Group Holdings Limited, a company whose directors and shareholders are W M Marshall and D T Marshall, acquired 40% of the share capital of Marshall's Logistics Limited by way of a share for share exchange. Following that, on 17 July 2025, Marshall's Group Holdings Limited acquired the remaining 60% of the share capital by way of a share purchase.

14.	ULTIMATE CONTROLLING PARTY

Following the post balance sheet events outlined in note 15, and as reported in The Director's Report, Marshall's Group Holdings Limited is the parent company by virtue of it's 100% shareholding in Marshall's Logistics Limited, however Marshall's Group Holdings Limited has no sole controlling party.

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 2025 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

23 October 2025