Registration number: 03117801

Marshall's Industrial Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Marshall's Industrial Limited

Company Information

Directors

R J B Marshall M E Marshall P G Marshall A M Marshall

Registered office

Beadle Estate Hithercroft Road Wallingford Oxfordshire OX10 9DG

Accountants

Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Marshall's Industrial Limited

(Registration number: 03117801)
Balance Sheet as at 31 December 2025

	Note	31 December 2025 £	31 December 2024 £
Fixed assets
Tangible assets	4	80,017	64,464
Current assets
Stocks		2,346,888	1,435,916
Debtors	5	1,652,064	67,829
Cash at bank and in hand		4,345,769	5,586,361
		8,344,721	7,090,106
Creditors: Amounts falling due within one year	6	(1,040,418)	(572,621)
Net current assets		7,304,303	6,517,485
Total assets less current liabilities		7,384,320	6,581,949
Provisions for liabilities		(16,232)	(12,103)
Net assets		7,368,088	6,569,846
Capital and reserves
Called up share capital	7	9,000	9,000
Capital redemption reserve		1,000	1,000
Retained earnings		7,358,088	6,559,846
Shareholders' funds		7,368,088	6,569,846

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:
 

R J B Marshall Director

Marshall's Industrial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Beadle Estate
Hithercroft Road
Wallingford
Oxfordshire
OX10 9DG

These financial statements were authorised for issue by the Board on 26 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors believe that the company is experiencing good levels of sales activity and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Revenue represents amounts receivable for the sale of automotive engines, industrial engines and their related products and spare parts, net of VAT, trade discounts, rebates and other sales-related taxes.

Revenue is measured at the fair value of the consideration received or receivable and recognised when control of the goods passes to the customer. This will normally occur when the goods have been delivered to, or collected by, the customer, legal title has passed, and the company has no continuing managerial involvement or effective control over the goods.

Revenue is recognised only when:
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company; and
- the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

Marshall's Industrial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight-line basis at rates of 3% to 20% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Marshall's Industrial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks comprise automotive engines, industrial engines and their related products and spare parts held for resale and are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cost is determined using the weighted average cost method and includes the purchase price and other directly attributable costs incurred in bringing the inventories to their present location and condition.

At each reporting date, stocks are assessed for impairment. Where the estimated selling price less costs to complete and sell is lower than cost, the carrying amount of stocks is written down accordingly and the resulting impairment loss is recognised immediately in profit or loss. Any subsequent reversal of an impairment loss is recognised in profit or loss to the extent of the original write-down.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Marshall's Industrial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	204,674	11,875	125,825	342,374
Additions	6,089	10,456	64,125	80,670
Disposals	(5,376)	(2,124)	(69,590)	(77,090)
At 31 December 2025	205,387	20,207	120,360	345,954
Depreciation
At 1 January 2025	197,932	11,526	68,452	277,910
Charge for the year	4,024	1,893	13,858	19,775
Eliminated on disposal	(2,557)	(1,325)	(27,866)	(31,748)
At 31 December 2025	199,399	12,094	54,444	265,937
Carrying amount
At 31 December 2025	5,988	8,113	65,916	80,017
At 31 December 2024	6,742	349	57,373	64,464

5

Debtors

Current	31 December 2025 £	31 December 2024 £
Trade debtors	1,624,663	35,250
Other debtors	27,401	32,579
	1,652,064	67,829

Marshall's Industrial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	31 December 2025 £	31 December 2024 £
Due within one year
Trade creditors	405,699	273,806
Taxation and social security	593,514	290,989
Other creditors	41,205	7,826
	1,040,418	572,621

7	Share capital

Allotted, called up and fully paid shares

	31 December 2025		31 December 2024
	No.	£	No.	£
Ordinary share of £1 each	9,000	9,000	9,000	9,000

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of contingencies not included in the balance sheet is £375,000 (2024 - £375,000). The company has secured a letter of credit by way of all asset fixed and floating charges.