Company Registration No. 3885253 (England and Wales)
Marshall Industrial Supplies Limited
Unaudited accounts
for the year ended 30 June 2022
Marshall Industrial Supplies Limited
Unaudited accounts
Contents
Marshall Industrial Supplies Limited
Company Information
for the year ended 30 June 2022
Company Number
3885253 (England and Wales)
Registered Office
Unit E Acorn Park
Lenton Lane Industrial Estate
Nottingham
NG7 2TR
Accountants
Taylor Accountancy Ltd
2 Lynmoor Court
Hucknall
Nottingham
NG15 8FT
Marshall Industrial Supplies Limited
Statement of financial position
as at 30 June 2022
Intangible assets
28,800
28,800
Tangible assets
77,756
90,423
Inventories
435,820
257,550
Cash at bank and in hand
135,387
73,306
Creditors: amounts falling due within one year
(832,489)
(810,146)
Net current assets
252,649
332,733
Total assets less current liabilities
359,205
451,956
Creditors: amounts falling due after more than one year
(138,515)
(40,841)
Net assets
220,690
411,115
Called up share capital
110
110
Profit and loss account
220,580
411,005
Shareholders' funds
220,690
411,115
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 June 2023 and were signed on its behalf by
M R Albone
Director
Company Registration No. 3885253
Marshall Industrial Supplies Limited
Notes to the Accounts
for the year ended 30 June 2022
Marshall Industrial Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 3885253. The registered office is Unit E Acorn Park, Lenton Lane Industrial Estate, Nottingham, NG7 2TR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Marshall Industrial Supplies Limited
Notes to the Accounts
for the year ended 30 June 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2021
93,521
118,554
24,104
24,166
260,345
Additions
5,000
19,936
1,613
657
27,206
Disposals
-
(29,764)
-
-
(29,764)
At 30 June 2022
98,521
108,726
25,717
24,823
257,787
At 1 July 2021
77,403
57,984
14,192
20,343
169,922
Charge for the year
6,335
23,176
1,728
896
32,135
On disposals
-
(22,026)
-
-
(22,026)
At 30 June 2022
83,738
59,134
15,920
21,239
180,031
At 30 June 2022
14,783
49,592
9,797
3,584
77,756
At 30 June 2021
16,118
60,570
9,912
3,823
90,423
Marshall Industrial Supplies Limited
Notes to the Accounts
for the year ended 30 June 2022
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
30,538
40,717
Finished goods
435,820
257,550
Amounts falling due within one year
Trade debtors
388,762
663,824
Accrued income and prepayments
1,850
1,650
Other debtors
123,319
146,549
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
37,048
-
Obligations under finance leases and hire purchase contracts
10,902
10,902
Trade creditors
500,877
462,157
Taxes and social security
240,281
301,016
Other creditors
8,199
5,489
Loans from directors
25,212
25,212
9
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
29,938
40,841
Allotted, called up and fully paid:
110 Ordinary shares of £1 each
110
110
11
Average number of employees
During the year the average number of employees was 7 (2021: 7).