REGISTERED NUMBER: 03893249 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Marshalls Packaging Limited

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

42,419

84,839

Tangible assets

5

578,323

674,393

620,742

759,232

CURRENT ASSETS

Stocks

417,858

497,385

Debtors

1,108,091

890,876

1,525,949

1,388,261

CREDITORS

Amounts falling due within one year

1,615,390

1,305,771

NET CURRENT (LIABILITIES)/ASSETS

(89,441

)

82,490

TOTAL ASSETS LESS CURRENT LIABILITIES

531,301

841,722

CREDITORS

Amounts falling due after more than one year

(139,924

)

(218,867

)

PROVISIONS FOR LIABILITIES

(143,645

)

(168,598

)

NET ASSETS

247,732

454,257

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

247,632

454,157

SHAREHOLDERS' FUNDS

247,732

454,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 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 7 April 2025 and were signed on its behalf by:

D Marshall - Director

S L Marshall - Director

B D Marshall - Director

1.	STATUTORY INFORMATION

Marshalls Packaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03893249

Registered office:

Valley View

Tugby Orchards Business

Wood Lane

Tugby

Leicestershire

LE7 9WE

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of four 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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% 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 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 and leasing commitments

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

The average number of employees during the year was 41 (2024 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

and 28 February 2025

166,758

AMORTISATION

At 1 March 2024

81,919

Amortisation for year

42,420

At 28 February 2025

124,339

NET BOOK VALUE

At 28 February 2025

42,419

At 29 February 2024

84,839

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2024

1,337,723

Additions

8,000

At 28 February 2025

1,345,723

DEPRECIATION

At 1 March 2024

663,330

Charge for year

104,070

At 28 February 2025

767,400

NET BOOK VALUE

At 28 February 2025

578,323

At 29 February 2024

674,393