IRIS Accounts Production v26.1.0.640 07558439 Board of Directors 1.4.24 5.4.25 5.4.25 Medium entities motorbike and quad sales. true false true true false false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07558439 2024-03-31 07558439 2025-04-05 07558439 2024-04-01 2025-04-05 07558439 2023-03-31 07558439 2023-04-01 2024-03-31 07558439 2024-03-31 07558439 ns15:EnglandWales 2024-04-01 2025-04-05 07558439 ns14:PoundSterling 2024-04-01 2025-04-05 07558439 ns10:Director1 2024-04-01 2025-04-05 07558439 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-04-05 07558439 ns10:MediumEntities 2024-04-01 2025-04-05 07558439 ns10:Audited 2024-04-01 2025-04-05 07558439 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2024-04-01 2025-04-05 07558439 ns10:Medium-sizedCompaniesRegimeForAccounts 2024-04-01 2025-04-05 07558439 ns10:FullAccounts 2024-04-01 2025-04-05 07558439 1 2024-04-01 2025-04-05 07558439 ns10:OrdinaryShareClass1 2024-04-01 2025-04-05 07558439 ns10:Director2 2024-04-01 2025-04-05 07558439 ns10:Director3 2024-04-01 2025-04-05 07558439 ns10:Director4 2024-04-01 2025-04-05 07558439 ns10:RegisteredOffice 2024-04-01 2025-04-05 07558439 ns5:CurrentFinancialInstruments 2025-04-05 07558439 ns5:CurrentFinancialInstruments 2024-03-31 07558439 ns5:Non-currentFinancialInstruments 2025-04-05 07558439 ns5:Non-currentFinancialInstruments 2024-03-31 07558439 ns5:ShareCapital 2025-04-05 07558439 ns5:ShareCapital 2024-03-31 07558439 ns5:RetainedEarningsAccumulatedLosses 2025-04-05 07558439 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07558439 ns5:ShareCapital 2023-03-31 07558439 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 07558439 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07558439 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-04-05 07558439 ns5:NetGoodwill 2024-04-01 2025-04-05 07558439 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-04-05 07558439 ns5:PlantMachinery 2024-04-01 2025-04-05 07558439 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-04-01 2025-04-05 07558439 ns5:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-04-01 2024-03-31 07558439 ns5:OwnedAssets 2024-04-01 2025-04-05 07558439 ns5:OwnedAssets 2023-04-01 2024-03-31 07558439 ns5:LeasedAssets 2024-04-01 2025-04-05 07558439 ns5:LeasedAssets 2023-04-01 2024-03-31 07558439 1 2024-04-01 2025-04-05 07558439 1 2023-04-01 2024-03-31 07558439 ns5:HirePurchaseContracts 2024-04-01 2025-04-05 07558439 ns5:HirePurchaseContracts 2023-04-01 2024-03-31 07558439 ns10:OrdinaryShareClass1 2023-04-01 2024-03-31 07558439 ns5:NetGoodwill 2024-03-31 07558439 ns5:NetGoodwill 2025-04-05 07558439 ns5:NetGoodwill 2024-03-31 07558439 ns5:PlantMachinery 2024-03-31 07558439 ns5:MotorVehicles 2024-03-31 07558439 ns5:MotorVehicles 2024-04-01 2025-04-05 07558439 ns5:PlantMachinery 2025-04-05 07558439 ns5:MotorVehicles 2025-04-05 07558439 ns5:PlantMachinery 2024-03-31 07558439 ns5:MotorVehicles 2024-03-31 07558439 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 07558439 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-04-01 2025-04-05 07558439 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-04-05 07558439 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-03-31 07558439 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-05 07558439 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07558439 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-04-05 07558439 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-03-31 07558439 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-04-05 07558439 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-03-31 07558439 ns5:HirePurchaseContracts 2025-04-05 07558439 ns5:HirePurchaseContracts 2024-03-31 07558439 ns5:WithinOneYear 2025-04-05 07558439 ns5:WithinOneYear 2024-03-31 07558439 ns5:BetweenOneFiveYears 2025-04-05 07558439 ns5:BetweenOneFiveYears 2024-03-31 07558439 ns5:AllPeriods 2025-04-05 07558439 ns5:AllPeriods 2024-03-31 07558439 ns10:OrdinaryShareClass1 2025-04-05 07558439 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07558439 1 ns10:Director1 2024-03-31 07558439 1 ns10:Director1 2023-03-31 07558439 1 ns10:Director1 2024-04-01 2025-04-05 07558439 1 ns10:Director1 2023-04-01 2024-03-31 07558439 1 ns10:Director1 2025-04-05 07558439 1 ns10:Director1 2024-03-31 07558439 ns10:Director2 2 2024-03-31 07558439 ns10:Director2 2 2023-03-31 07558439 ns10:Director2 2 2024-04-01 2025-04-05 07558439 ns10:Director2 2 2023-04-01 2024-03-31 07558439 ns10:Director2 2 2025-04-05 07558439 ns10:Director2 2 2024-03-31

REGISTERED NUMBER: 07558439 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

FOR

MARSHMX LIMITED

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 9 |

| Other Comprehensive Income | 10 |

| Balance Sheet | 11 |

| Statement of Changes in Equity | 12 |

| Cash Flow Statement | 13 |

| Notes to the Cash Flow Statement | 14 |

| Notes to the Financial Statements | 16 |

| MARSHMX LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

| DIRECTORS: | A Marsh

| G Marsh

| Mrs T Marsh

| Mrs S Marsh

| REGISTERED OFFICE: | Unit 1

| Cyfarthfa Industrial Estate

| Merthyr Tydfil

| CF47 8PE

| REGISTERED NUMBER: | 07558439 (England and Wales)

| AUDITORS: | Baker Knoyle Audit Limited

| Chartered Certified Accountants

| Orbit Business Centre

| Rhydycar Business Park

| Merthyr Tydfil

| CF48 1DL

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

STRATEGIC REPORT

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

The directors present their strategic report for the period 1 April 2024 to 5 April 2025.

REVIEW OF BUSINESS

MarshMX Limited specialises in the sale of new and used motorcycles, motorcycle parts, and related labour services for repairs and maintenance. The company operates from its principal retail site in the UK and serves both retail customers and trade buyers.

Turnover for the period increased slightly to £10,685,614 (2024: £10,628,609), reflecting continued demand for New & used motorcycles and steady activity within the workshop division.

Despite stable revenues, the company experienced a significant reduction in profitability. Gross profit decreased to £1,101,311 (2024: £1,229,764), and profit before taxation reduced to £18,842 (2024: £210,490). This decline reflects continued margin pressure across motorcycle and parts sales, together with increased operating costs, including premises-related expenses, finance costs, and general inflationary pressures.

During the period, the company took steps to improve its working capital position, including a reduction in stock levels and tighter management of creditors. This resulted in improved cash generation from operations and a strengthened cash position at the year end.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors consider the following to be the principal risks and uncertainties facing the business:

Economic Conditions

Demand for motorcycles and related products is influenced by consumer confidence and disposable income. A downturn in economic conditions may adversely affect sales volumes.

Supply Chain Disruption

Although supply conditions improved during the period, delays or shortages in parts or vehicle availability could impact sales and workshop efficiency.

Industry Regulation and Technological Change

Ongoing developments in emissions legislation and the transition towards electric motorcycles may require future investment in stock, infrastructure, and staff training.

Competition

The retail motorcycle sector is highly competitive. The company faces ongoing competition from both national chains and online platforms, which can affect pricing and customer retention.

Margin Pressure

Increased competition and rising input costs may continue to impact gross margins, particularly in motorcycle sales where pricing is highly competitive.

FINANCIAL KEY PERFORMANCE INDICATORS

KPI |  | 2025 |  | 2024 |  | Change |

Turnover |  | £10.69m |  | £10.63m |  | +0.5% |

Gross profit |  | £1.10m |  | £1.23m |  | -10.4% |

Gross Margin |  | 10.30% |  | 11.57% |  | -1.27pp |

Profit Before Tax |  | £18.8k |  | £210.5k |  | -91.1% |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

STRATEGIC REPORT

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

DEVELOPMENTS & PERFORMANCE

The company will continue to focus on improving profitability and operational efficiency in the forthcoming period.

Key areas of focus include:

- Strengthening gross margins through improved pricing and purchasing strategies

- Further optimisation of inventory levels to improve stock turnover

- Continued development of the workshop division to support higher-margin revenue streams

- Expansion of the company’s online presence for motorcycle and parts sales

- Ongoing cost control across the business

The directors remain confident in the long-term prospects of the company, supported by its established customer base and diversified revenue streams.

ON BEHALF OF THE BOARD:

A Marsh - Director

9 April 2026

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

The directors present their report with the financial statements of the company for the period 1 April 2024 to 5 April 2025.

DIVIDENDS

No interim dividend was paid during the period. The directors recommend a final dividend of £42,500 per share.

The total distribution of dividends for the period ended 5 April 2025 will be £ 85,000 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

A Marsh

G Marsh

Other changes in directors holding office are as follows:

Mrs T Marsh and Mrs S Marsh were appointed as directors after 5 April 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

REPORT OF THE DIRECTORS

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

AUDITORS

The auditors, Baker Knoyle Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A Marsh - Director

9 April 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARSHMX LIMITED

Opinion

We have audited the financial statements of Marshmx Limited (the 'company') for the period ended 5 April 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 5 April 2025 and of its profit for the period then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARSHMX LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Officers and other management (as required by auditing standards).

- We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting (including related trade union legislation) and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

- With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.

- We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.

- We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

MARSHMX LIMITED

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard Phillips FCCA (Senior Statutory Auditor)

for and on behalf of Baker Knoyle Audit Limited

Chartered Certified Accountants

Orbit Business Centre

Rhydycar Business Park

Merthyr Tydfil

CF48 1DL

9 April 2026

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

INCOME STATEMENT

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

| Period |

| 1.4.24 |

| to |  | Year Ended

| 5.4.25 |  | 31.3.24

| Notes | £ | £ |

TURNOVER | 10,685,614 |  | 10,628,609 |  |

Cost of sales | 9,584,303 |  | 9,398,845 |  |

GROSS PROFIT | 1,101,311 |  | 1,229,764 |  |

Administrative expenses | 1,291,136 |  | 1,307,426 |  |

(189,825 | ) | (77,662 | ) |

Other operating income | 224,707 |  | 302,370 |  |

OPERATING PROFIT | 4 | 34,882 |  | 224,708 |  |

Interest receivable and similar income | 1 |  | 1 |  |

34,883 |  | 224,709 |  |

Interest payable and similar expenses | 5 | 16,041 |  | 14,219 |  |

PROFIT BEFORE TAXATION | 18,842 |  | 210,490 |  |

Tax on profit | 6 | 1,109 |  | 73,228 |  |

PROFIT FOR THE FINANCIAL PERIOD | 17,733 |  | 137,262 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

OTHER COMPREHENSIVE INCOME

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

| Period |

| 1.4.24 |

| to |  | Year Ended

| 5.4.25 |  | 31.3.24

| Notes | £ | £ |

PROFIT FOR THE PERIOD | 17,733 |  | 137,262 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 17,733 |  | 137,262 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

BALANCE SHEET

5 APRIL 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | - |  | - |  |

Tangible assets | 9 | 344,584 |  | 336,593 |  |

344,584 |  | 336,593 |  |

CURRENT ASSETS

Stocks | 10 | 3,708,603 |  | 5,265,429 |  |

Debtors | 11 | 114,330 |  | 160,618 |  |

Cash at bank and in hand | 166,089 |  | 62,421 |  |

3,989,022 |  | 5,488,468 |  |

CREDITORS

Amounts falling due within one year | 12 | 3,021,951 |  | 4,451,957 |  |

NET CURRENT ASSETS | 967,071 |  | 1,036,511 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,311,655 |  | 1,373,104 |  |

CREDITORS

Amounts falling due after more than one year | 13 | 202,990 |  | 197,172 |  |

NET ASSETS | 1,108,665 |  | 1,175,932 |  |

CAPITAL AND RESERVES

Called up share capital | 16 | 2 |  | 2 |  |

Retained earnings | 17 | 1,108,663 |  | 1,175,930 |  |

SHAREHOLDERS' FUNDS | 1,108,665 |  | 1,175,932 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2026 and were signed on its behalf by:

A Marsh - Director

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 April 2023 | 2 |  | 1,718,668 |  | 1,718,670 |  |

Changes in equity

Dividends | - |  | (680,000 | ) | (680,000 | ) |

Total comprehensive income | - |  | 137,262 |  | 137,262 |  |

Balance at 31 March 2024 | 2 |  | 1,175,930 |  | 1,175,932 |  |

Changes in equity

Dividends | - |  | (85,000 | ) | (85,000 | ) |

Total comprehensive income | - |  | 17,733 |  | 17,733 |  |

Balance at 5 April 2025 | 2 |  | 1,108,663 |  | 1,108,665 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

CASH FLOW STATEMENT

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

| Period |

| 1.4.24 |

| to |  | Year Ended

| 5.4.25 |  | 31.3.24

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 558,384 |  | 440,043 |  |

Interest paid | (285 | ) | (25 | ) |

Interest element of hire purchase payments paid | (15,756 | ) | (14,194 | ) |

Tax paid | (62,467 | ) | (107,009 | ) |

Net cash from operating activities | 479,876 |  | 318,815 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (133,324 | ) | (27,426 | ) |

Sale of tangible fixed assets | 15,000 |  | - |  |

Interest received | 1 |  | 1 |  |

Net cash from investing activities | (118,323 | ) | (27,425 | ) |

Cash flows from financing activities

Capital repayments in year | 6,093 |  | (30,604 | ) |

Amount withdrawn by directors | (12,650 | ) | - |  |

Equity dividends paid | (85,000 | ) | (680,000 | ) |

Net cash from financing activities | (91,557 | ) | (710,604 | ) |

Increase/(decrease) in cash and cash equivalents | 269,996 |  | (419,214 | ) |

Cash and cash equivalents at beginning of period | 2 | (103,907 | ) | 315,307 |  |

Cash and cash equivalents at end of period | 2 | 166,089 |  | (103,907 | ) |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Profit before taxation | 18,842 |  | 210,490 |  |

| Depreciation charges | 114,877 |  | 112,208 |  |

| (Profit)/loss on disposal of fixed assets | (4,544 | ) | 2,500 |  |

| Movement of balance to Group Undertaking | 1,556 |  | (33,118 | ) |

| Finance costs | 16,041 |  | 14,219 |  |

| Finance income | (1 | ) | (1 | ) |

146,771 |  | 306,298 |  |

| Decrease/(increase) in stocks | 1,556,826 |  | (754,725 | ) |

| Decrease/(increase) in trade and other debtors | 57,614 |  | (63,860 | ) |

| (Decrease)/increase in trade and other creditors | (1,202,827 | ) | 952,330 |  |

| Cash generated from operations | 558,384 |  | 440,043 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Period ended 5 April 2025

| 5.4.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 166,089 |  | 62,421 |  |

| Bank overdrafts | - |  | (166,328 | ) |

166,089 |  | (103,907 | ) |

| Year ended 31 March 2024

| 31.3.24 |  | 1.4.23

£ | £ |

| Cash and cash equivalents | 62,421 |  | 315,307 |  |

| Bank overdrafts | (166,328 | ) | - |  |

(103,907 | ) | 315,307 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

3. | ANALYSIS OF CHANGES IN NET DEBT

| At 1.4.24 | Cash flow | At 5.4.25

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 62,421 |  | 103,668 |  | 166,089 |  |

| Bank overdrafts | (166,328 | ) | 166,328 |  | - |  |

(103,907 | ) | 269,996 |  | 166,089 |  |

| Debt

| Finance leases | (227,773 | ) | (6,093 | ) | (233,866 | ) |

(227,773 | ) | (6,093 | ) | (233,866 | ) |

| Total | (331,680 | ) | 263,903 |  | (67,777 | ) |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

1. | STATUTORY INFORMATION

| Marshmx 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" 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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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.

| Plant and machinery | - | 25% on reducing balance

| 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 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.

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Wages and salaries | 686,775 |  | 698,357 |  |

| Other pension costs | 13,223 |  | 13,843 |  |

699,998 |  | 712,200 |  |

| The average number of employees during the period was as follows:

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

| Staff | 21 |  | 22 |  |

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Directors' remuneration | - |  | - |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Hire of plant and machinery | 5,563 |  | 4,621 |  |

| Depreciation - owned assets | 74,568 |  | 68,310 |  |

| Depreciation - assets on hire purchase contracts | 40,309 |  | 43,898 |  |

| (Profit)/loss on disposal of fixed assets | (4,544 | ) | 2,500 |  |

| Auditors' remuneration | 6,300 |  | 6,000 |  |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| HMRC fines & charges | 285 |  | 25 |  |

| Hire purchase | 15,756 |  | 14,194 |  |

16,041 |  | 14,219 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the period was as follows:

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Current tax:

| UK corporation tax | 1,109 |  | 73,228 |  |

| Tax on profit | 1,109 |  | 73,228 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

6. | TAXATION - continued

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Profit before tax | 18,842 |  | 210,490 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 20.872% (2024 - 25%) | 3,933 |  | 52,623 |  |

| Effects of:

| Expenses not deductible for tax purposes | - |  | 861 |  |

| Income not taxable for tax purposes | (949 | ) | - |  |

| Capital allowances in excess of depreciation | (1,875 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 19,744 |  |

| Total tax charge | 1,109 |  | 73,228 |  |

7. | DIVIDENDS

| Period |

| 1.4.24 |

| to | Year Ended

| 5.4.25 |  | 31.3.24

£ | £ |

| Ordinary shares of 1 each

| Final | 85,000 |  | 680,000 |  |

8. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 5 April 2025 | 65,000 |  |

| AMORTISATION

| At 1 April 2024

| and 5 April 2025 | 65,000 |  |

| NET BOOK VALUE

| At 5 April 2025 | - |  |

| At 31 March 2024 | - |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

9. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 351,745 |  | 340,161 |  | 691,906 |  |

| Additions | 93,324 |  | 40,000 |  | 133,324 |  |

| Disposals | - |  | (33,047 | ) | (33,047 | ) |

| At 5 April 2025 | 445,069 |  | 347,114 |  | 792,183 |  |

| DEPRECIATION

| At 1 April 2024 | 224,059 |  | 131,254 |  | 355,313 |  |

| Charge for period | 55,264 |  | 59,613 |  | 114,877 |  |

| Eliminated on disposal | - |  | (22,591 | ) | (22,591 | ) |

| At 5 April 2025 | 279,323 |  | 168,276 |  | 447,599 |  |

| NET BOOK VALUE

| At 5 April 2025 | 165,746 |  | 178,838 |  | 344,584 |  |

| At 31 March 2024 | 127,686 |  | 208,907 |  | 336,593 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 April 2024 | 237,208 |  |

| Additions | 40,000 |  |

| Disposals | (33,047 | ) |

| At 5 April 2025 | 244,161 |  |

| DEPRECIATION

| At 1 April 2024 | 105,516 |  |

| Charge for period | 40,309 |  |

| Eliminated on disposal | (22,591 | ) |

| At 5 April 2025 | 123,234 |  |

| NET BOOK VALUE

| At 5 April 2025 | 120,927 |  |

| At 31 March 2024 | 131,692 |  |

10. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 3,708,603 |  | 5,265,429 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 66,170 |  | 78,271 |  |

| Amounts owed by group undertakings | - |  | 1,324 |  |

| Other debtors | 35,510 |  | 81,023 |  |

| Directors' current accounts | 12,650 |  | - |  |

114,330 |  | 160,618 |  |

12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 14) | - |  | 166,328 |  |

| Hire purchase contracts (see note 15) | 30,876 |  | 30,601 |  |

| Trade creditors | 2,313,888 |  | 3,951,594 |  |

| Amounts owed to group undertakings | 232 |  | - |  |

| Tax | 11,816 |  | 73,174 |  |

| Social security and other taxes | 17,921 |  | 16,457 |  |

| VAT | 285,340 |  | 71,069 |  |

| Other creditors | 81,866 |  | 32,860 |  |

| Accruals and deferred income | 280,012 |  | 109,874 |  |

3,021,951 |  | 4,451,957 |  |

13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 15) | 202,990 |  | 197,172 |  |

14. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | - |  | 166,328 |  |

| At the balance sheet date, the company had two charges registered in favour of National Westminster Bank PLC:

| A fixed and floating charge dated 29 August 2022, covering all assets and undertakings of the company, including a negative pledge.

| A fixed charge dated 16 January 2023 over specific assets, also subject to a negative pledge.

| Both charges were registered at Companies House and remain outstanding.

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

15. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Net obligations repayable:

| Within one year | 30,876 |  | 30,601 |  |

| Between one and five years | 202,990 |  | 197,172 |  |

233,866 |  | 227,773 |  |

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 300 |  | 300 |  |

| Between one and five years | 675 |  | 975 |  |

975 |  | 1,275 |  |

16. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Ordinary | 1 | 2 |  | 2 |  |

17. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 1,175,930 |  |

| Profit for the period | 17,733 |  |

| Dividends | (85,000 | ) |

| At 5 April 2025 | 1,108,663 |  |

| MARSHMX LIMITED (REGISTERED NUMBER: 07558439) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 APRIL 2024 TO 5 APRIL 2025

18. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the period ended 5 April 2025 and the year ended 31 March 2024:

2025 | 2024 |

£ | £ |

| A Marsh

| Balance outstanding at start of period | - |  | - |  |

| Amounts advanced | 6,650 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 6,650 |  | - |  |

| G Marsh

| Balance outstanding at start of period | - |  | - |  |

| Amounts advanced | 6,000 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 6,000 |  | - |  |