James A. Marshall Limited - Accounts to registrar (filleted) - small 18.2
James A. Marshall Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| For The Year Ended 31 March 2018 |
| for |
| James A. Marshall Limited |
| James A. Marshall Limited (Registered number: SC032141) |
| Contents of the Financial Statements |
| For The Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| James A. Marshall Limited |
| Company Information |
| For The Year Ended 31 March 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 91 Alexander Street |
| Airdrie |
| North Lanarkshire |
| ML6 0BD |
| James A. Marshall Limited (Registered number: SC032141) |
| Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| James A. Marshall Limited (Registered number: SC032141) |
| Balance Sheet - continued |
| 31 March 2018 |
| 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 on |
| James A. Marshall Limited (Registered number: SC032141) |
| Notes to the Financial Statements |
| For The Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| James A. Marshall Limited is a |
| number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| Preparation of the financial statements requires management to make significant judgements and estimates. The items in the |
| financial statements where these judgements and estimates have been made are described below: |
| Estimated useful lives and residual values of fixed assets |
| As described under the Tangible Fixed Asset heading of this accounting policies note, depreciation of tangible fixed assets |
| has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives |
| and residual values are reviewed annually and revised as applicable. The reviews take into account estimated useful lives |
| used by other companies operating within the same sector and actual asset lives and residual values as evidenced by |
| disposals during current and prior accounting periods. |
| Turnover |
| Turnover represents income from services supplied in the areas of the company's principal activities, net of value added |
| tax.Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added |
| taxes. Turnover comprises revenue earned from the sale of goods and is recognised when the significant risks and rewards |
| of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the |
| delivery of the goods. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered |
| an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is |
| estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced |
| to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its |
| recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been |
| recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
| Government grants |
| Government grants in respect of capital expenditure are credited to a deferred income account and are released to the profit |
| and loss account by equal annual instalments over the expected useful lives of the relevant assets. Grants of a revenue |
| nature are credited to the profit and loss account in the same period as the related expenditure. |
| James A. Marshall Limited (Registered number: SC032141) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| 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. Costs include direct costs together with an appropriate proportion of overheads. |
| Financial instruments |
| The following assets and liabilities are classified as basic financial instruments - trade debtors, trade creditors, directors' |
| loans and non-puttable listed investments. |
| Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of |
| the cash or other consideration expected to be paid or received. Non-puttable listed investments are measured at fair value. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
| date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| 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. |
| Holiday pay accrual |
| A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and |
| carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so |
| accrued at the balance sheet date. |
| Dividends |
| Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. |
| Final equity dividends are recognised when approved by the shareholders at an annual general meeting. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| James A. Marshall Limited (Registered number: SC032141) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| Included in cost of land and buildings is freehold land of £ 30,000 (2017 - £ 30,000 ) which is not depreciated. |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 April 2017 |
| Additions |
| Revaluations |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| Cost or valuation at 31 March 2018 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2015 | 47,792 |
| Valuation in 2016 | (21,671 | ) |
| Valuation in 2017 | 70,974 |
| Valuation in 2018 | 3,315 |
| Cost | 446,919 |
| 547,329 |
| James A. Marshall Limited (Registered number: SC032141) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CURRENT ASSET INVESTMENTS |
| 2018 | 2017 |
| £ | £ |
| Other |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 21,130 | 25,569 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2017 |
| Accelerated capital allowances | (2,613 | ) |
| Gain on investments | (1,826 | ) |
| Balance at 31 March 2018 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is ultimately controlled by Mr J W Marshall and Mrs G E Marshall, the joint owners of 100% of the issued |
| share capital. |