2022-04-012023-03-312023-03-31falseNI635380PETER MARTIN ENGINEERING LTD2023-10-1125110iso4217:GBPxbrli:pureNI6353802022-04-01NI6353802023-03-31NI6353802022-04-012023-03-31NI6353802021-04-01NI6353802022-03-31NI6353802021-04-012022-03-31NI635380bus:SmallEntities2022-04-012023-03-31NI635380bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31NI635380bus:FullAccounts2022-04-012023-03-31NI635380bus:PrivateLimitedCompanyLtd2022-04-012023-03-31NI635380core:WithinOneYear2023-03-31NI635380core:AfterOneYear2023-03-31NI635380core:WithinOneYear2022-03-31NI635380core:AfterOneYear2022-03-31NI635380core:ShareCapital2023-03-31NI635380core:SharePremium2023-03-31NI635380core:RevaluationReserve2023-03-31NI635380core:OtherReservesSubtotal2023-03-31NI635380core:RetainedEarningsAccumulatedLosses2023-03-31NI635380core:ShareCapital2022-03-31NI635380core:SharePremium2022-03-31NI635380core:RevaluationReserve2022-03-31NI635380core:OtherReservesSubtotal2022-03-31NI635380core:RetainedEarningsAccumulatedLosses2022-03-31NI635380core:LandBuildings2023-03-31NI635380core:PlantMachinery2023-03-31NI635380core:Vehicles2023-03-31NI635380core:FurnitureFittings2023-03-31NI635380core:OfficeEquipment2023-03-31NI635380core:NetGoodwill2023-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2023-03-31NI635380core:ListedExchangeTraded2023-03-31NI635380core:UnlistedNon-exchangeTraded2023-03-31NI635380core:LandBuildings2022-03-31NI635380core:PlantMachinery2022-03-31NI635380core:Vehicles2022-03-31NI635380core:FurnitureFittings2022-03-31NI635380core:OfficeEquipment2022-03-31NI635380core:NetGoodwill2022-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2022-03-31NI635380core:ListedExchangeTraded2022-03-31NI635380core:UnlistedNon-exchangeTraded2022-03-31NI635380core:LandBuildings2022-04-012023-03-31NI635380core:PlantMachinery2022-04-012023-03-31NI635380core:Vehicles2022-04-012023-03-31NI635380core:FurnitureFittings2022-04-012023-03-31NI635380core:OfficeEquipment2022-04-012023-03-31NI635380core:NetGoodwill2022-04-012023-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31NI635380core:ListedExchangeTraded2022-04-012023-03-31NI635380core:UnlistedNon-exchangeTraded2022-04-012023-03-31NI635380core:MoreThanFiveYears2022-04-012023-03-31NI635380core:Non-currentFinancialInstruments2023-03-31NI635380core:Non-currentFinancialInstruments2022-03-31NI635380dpl:CostSales2022-04-012023-03-31NI635380dpl:DistributionCosts2022-04-012023-03-31NI635380dpl:AdministrativeExpenses2022-04-012023-03-31NI635380core:LandBuildings2022-04-012023-03-31NI635380core:PlantMachinery2022-04-012023-03-31NI635380core:Vehicles2022-04-012023-03-31NI635380core:FurnitureFittings2022-04-012023-03-31NI635380core:OfficeEquipment2022-04-012023-03-31NI635380core:NetGoodwill2022-04-012023-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31NI635380dpl:GroupUndertakings2022-04-012023-03-31NI635380dpl:ParticipatingInterests2022-04-012023-03-31NI635380dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31NI635380core:ListedExchangeTraded2022-04-012023-03-31NI635380dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31NI635380core:UnlistedNon-exchangeTraded2022-04-012023-03-31NI635380dpl:CostSales2021-04-012022-03-31NI635380dpl:DistributionCosts2021-04-012022-03-31NI635380dpl:AdministrativeExpenses2021-04-012022-03-31NI635380core:LandBuildings2021-04-012022-03-31NI635380core:PlantMachinery2021-04-012022-03-31NI635380core:Vehicles2021-04-012022-03-31NI635380core:FurnitureFittings2021-04-012022-03-31NI635380core:OfficeEquipment2021-04-012022-03-31NI635380core:NetGoodwill2021-04-012022-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31NI635380dpl:GroupUndertakings2021-04-012022-03-31NI635380dpl:ParticipatingInterests2021-04-012022-03-31NI635380dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31NI635380core:ListedExchangeTraded2021-04-012022-03-31NI635380dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31NI635380core:UnlistedNon-exchangeTraded2021-04-012022-03-31NI635380core:NetGoodwill2023-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2023-03-31NI635380core:LandBuildings2023-03-31NI635380core:PlantMachinery2023-03-31NI635380core:Vehicles2023-03-31NI635380core:FurnitureFittings2023-03-31NI635380core:OfficeEquipment2023-03-31NI635380core:AfterOneYear2023-03-31NI635380core:WithinOneYear2023-03-31NI635380core:ListedExchangeTraded2023-03-31NI635380core:UnlistedNon-exchangeTraded2023-03-31NI635380core:ShareCapital2023-03-31NI635380core:SharePremium2023-03-31NI635380core:RevaluationReserve2023-03-31NI635380core:OtherReservesSubtotal2023-03-31NI635380core:RetainedEarningsAccumulatedLosses2023-03-31NI635380core:NetGoodwill2022-03-31NI635380core:IntangibleAssetsOtherThanGoodwill2022-03-31NI635380core:LandBuildings2022-03-31NI635380core:PlantMachinery2022-03-31NI635380core:Vehicles2022-03-31NI635380core:FurnitureFittings2022-03-31NI635380core:OfficeEquipment2022-03-31NI635380core:AfterOneYear2022-03-31NI635380core:WithinOneYear2022-03-31NI635380core:ListedExchangeTraded2022-03-31NI635380core:UnlistedNon-exchangeTraded2022-03-31NI635380core:ShareCapital2022-03-31NI635380core:SharePremium2022-03-31NI635380core:RevaluationReserve2022-03-31NI635380core:OtherReservesSubtotal2022-03-31NI635380core:RetainedEarningsAccumulatedLosses2022-03-31NI635380core:NetGoodwill2021-04-01NI635380core:IntangibleAssetsOtherThanGoodwill2021-04-01NI635380core:LandBuildings2021-04-01NI635380core:PlantMachinery2021-04-01NI635380core:Vehicles2021-04-01NI635380core:FurnitureFittings2021-04-01NI635380core:OfficeEquipment2021-04-01NI635380core:AfterOneYear2021-04-01NI635380core:WithinOneYear2021-04-01NI635380core:ListedExchangeTraded2021-04-01NI635380core:UnlistedNon-exchangeTraded2021-04-01NI635380core:ShareCapital2021-04-01NI635380core:SharePremium2021-04-01NI635380core:RevaluationReserve2021-04-01NI635380core:OtherReservesSubtotal2021-04-01NI635380core:RetainedEarningsAccumulatedLosses2021-04-01NI635380core:AfterOneYear2022-04-012023-03-31NI635380core:WithinOneYear2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31NI635380core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31NI635380core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31NI635380core:Non-currentFinancialInstrumentscore:CostValuation2022-03-31NI635380core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-31NI635380core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-31NI635380bus:Director12022-04-012023-03-31NI635380bus:Director22022-04-012023-03-31NI635380bus:Director32022-04-012023-03-31NI635380bus:Director42022-04-012023-03-31

PETER MARTIN ENGINEERING LTD

Registered Number
NI635380
(Northern Ireland)

Unaudited Financial Statements for the Year ended
31 March 2023

PETER MARTIN ENGINEERING LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

MARTIN, Elizabeth
MARTIN, Mary Geraldine Brigid
MARTIN, Peter - Deceased 05.02.23
MARTIN, Vincent

Registered Address

93 Carrickasticken
Forkhill
Newry
BT35 9RL

Registered Number

NI635380 (Northern Ireland)
PETER MARTIN ENGINEERING LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5180,840162,358
180,840162,358
Current assets
Stocks656,500156,500
Debtors7578,212371,489
Cash at bank and on hand99,140190,604
733,852718,593
Creditors amounts falling due within one year8(249,252)(169,974)
Net current assets (liabilities)484,600548,619
Total assets less current liabilities665,440710,977
Creditors amounts falling due after one year9(129,568)(184,000)
Net assets535,872526,977
Capital and reserves
Called up share capital100100
Profit and loss account535,772526,877
Shareholders' funds535,872526,977
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2023, and are signed on its behalf by:
MARTIN, Mary Geraldine Brigid
Director
Registered Company No. NI635380
PETER MARTIN ENGINEERING LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year2216
5.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 22367,05627,070394,126
Additions48,93915,85064,789
At 31 March 23415,99542,920458,915
Depreciation and impairment
At 01 April 22212,46619,302231,768
Charge for year41,3984,90946,307
At 31 March 23253,86424,211278,075
Net book value
At 31 March 23162,13118,709180,840
At 31 March 22154,5907,768162,358
6.Stocks

2023

2022

££
Work in progress56,500156,500
Total56,500156,500
7.Debtors

2023

2022

££
Trade debtors / trade receivables507,475340,229
Other debtors70,73731,260
Total578,212371,489
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables68,01554,529
Bank borrowings and overdrafts85,06171,335
Taxation and social security14,02929,131
Other creditors10047
Accrued liabilities and deferred income82,04714,932
Total249,252169,974
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts129,568184,000
Total129,568184,000