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REGISTERED NUMBER: 04079568 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARTIN & PORTER COMPANY LTD

MARTIN & PORTER COMPANY LTD (REGISTERED NUMBER: 04079568)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARTIN & PORTER COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M I Hutt





SECRETARY: Mrs E Hutt





REGISTERED OFFICE: 7 Raymond Close
West End
Southampton
Hampshire
SO30 2HF





REGISTERED NUMBER: 04079568 (England and Wales)





ACCOUNTANTS: A & D Accountancy Services
34 Radway Road
Upper Shirley
Southampton
Hampshire
SO15 7PJ

MARTIN & PORTER COMPANY LTD (REGISTERED NUMBER: 04079568)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,724 4,965

CURRENT ASSETS
Stocks 5 7,000 12,000
Debtors 6 20,168 20,358
Cash at bank 49,082 30,723
76,250 63,081
CREDITORS
Amounts falling due within one year 7 67,540 62,653
NET CURRENT ASSETS 8,710 428
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,434

5,393

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 12,334 5,293
SHAREHOLDERS' FUNDS 12,434 5,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 6 November 2023 and were signed by:





M I Hutt - Director


MARTIN & PORTER COMPANY LTD (REGISTERED NUMBER: 04079568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Martin & Porter Company 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2022 - 2 ) .

MARTIN & PORTER COMPANY LTD (REGISTERED NUMBER: 04079568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 4,337 15,194 19,531
DEPRECIATION
At 1 April 2022 4,179 10,387 14,566
Charge for year 39 1,202 1,241
At 31 March 2023 4,218 11,589 15,807
NET BOOK VALUE
At 31 March 2023 119 3,605 3,724
At 31 March 2022 158 4,807 4,965

5. STOCKS
2023 2022
£    £   
Stock & work in progress 7,000 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,168 20,358

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,000 17,009
Hire purchase contracts - 1,401
Trade creditors 6,364 29,328
Social security and other taxes 4,528 850
Pensions liability 183 183
VAT 17,770 12,017
Directors' current accounts 25,445 265
Accrued expenses 2,250 1,600
67,540 62,653

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

MARTIN & PORTER COMPANY LTD (REGISTERED NUMBER: 04079568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. RESERVES
Retained
earnings
£   

At 1 April 2022 5,293
Profit for the year 7,041
At 31 March 2023 12,334