Marshalls Truck Bodies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07333418 (England and Wales)

MARSHALLS TRUCK BODIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Marshall

REGISTERED OFFICE:

Units 1 & 3 Overman Way

Agecroft

Commerce Park

Swinton

Manchester

M27 8BQ

REGISTERED NUMBER:

07333418 (England and Wales)

ACCOUNTANTS:

SCCA Limited T/a Stafford & Co

Chartered Accountants

3 The Studios

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Tangible assets

4

239,642

132,852

CURRENT ASSETS

Stocks

497,521

611,495

Debtors

5

2,999,805

2,271,722

Cash at bank and in hand

229,389

103,949

3,726,715

2,987,166

CREDITORS

Amounts falling due within one year

6

1,555,184

1,079,711

NET CURRENT ASSETS

2,171,531

1,907,455

TOTAL ASSETS LESS CURRENT LIABILITIES

2,411,173

2,040,307

CREDITORS

Amounts falling due after more than one year

7

636,170

769,043

NET ASSETS

1,775,003

1,271,264

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

1,774,953

1,271,214

SHAREHOLDERS' FUNDS

1,775,003

1,271,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 July 2020 and were signed by:

R J Marshall - Director

1.	STATUTORY INFORMATION

Marshalls Truck Bodies Ltd 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.

Plant and machinery etc

-

25% straight line and 20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 27 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

261,015

Additions

153,677

At 31 October 2019

414,692

DEPRECIATION

At 1 November 2018

128,163

Charge for year

46,887

At 31 October 2019

175,050

NET BOOK VALUE

At 31 October 2019

239,642

At 31 October 2018

132,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

763,713

1,017,685

Amounts owed by group undertakings

2,037,264

1,165,207

Other debtors

198,828

88,830

2,999,805

2,271,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

165,923

159,510

Hire purchase contracts

34,346

22,125

Trade creditors

1,170,451

814,828

Taxation and social security

138,572

64,074

Other creditors

45,892

19,174

1,555,184

1,079,711

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

560,379

707,606

Hire purchase contracts

75,791

61,437

636,170

769,043

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2019 and

31 October 2018:

2019

2018

£

£

R J Marshall

Balance outstanding at start of year

38,801

73,278

Amounts advanced

132,898

57,523

Amounts repaid

(32,000

)

(92,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

139,699

38,801

This loan was repaid within 9 months of the financial year end.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Marshalls Group Developments Ltd.