MARTIN'S BUILDING SERVICES LIMITED

Company Registration Number:
SC215621 (Scotland)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

MARTIN'S BUILDING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MARTIN'S BUILDING SERVICES LIMITED

Company Information

for the Period Ended 28 February 2023




Director: Ryan Young
Registered office: 19
Lothian Road
Dalkeith
Midlothian
EH22 3AA
Company Registration Number: SC215621 (Scotland)

MARTIN'S BUILDING SERVICES LIMITED

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal Activities

41100 - Development of building projects

Directors

The directors shown below have held office during the whole of the period from 01 March 2022 to 28 February 2023
Ryan Young

This report was approved by the board of directors on 3 November 2023
And Signed On Behalf Of The Board By:

Name: Ryan Young
Status: Director

MARTIN'S BUILDING SERVICES LIMITED

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 120,789 87,459
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 54,874 ) ( 29,572 )
Operating Profit or (Loss) 65,915 57,887
Interest Receivable and Similar Income 20 10
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 65,935 57,897
Tax on Profit ( 7,990 ) ( 8,001 )
Profit or (Loss) for Period 57,945 49,896

The notes form part of these financial statements

MARTIN'S BUILDING SERVICES LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 154,900 150,820
Total fixed assets: 154,900 150,820
Current assets
Debtors: 5 983 5,314
Cash at bank and in hand: 43,677 73,659
Total current assets: 44,660 78,973
Prepayments and accrued income: 59,579 0
Creditors: amounts falling due within one year: 6 ( 74,038 ) ( 62,658 )
Net current assets (liabilities): 30,201 16,315
Total assets less current liabilities: 185,101 167,135
Creditors: amounts falling due after more than one year: ( 116,794 ) ( 127,422 )
Total net assets (liabilities): 68,307 39,713

The notes form part of these financial statements

MARTIN'S BUILDING SERVICES LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 68,207 39,613
Shareholders funds: 68,307 39,713

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 November 2023
And Signed On Behalf Of The Board By:

Name: Ryan Young
Status: Director

The notes form part of these financial statements

MARTIN'S BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover
    The turnover shown in the profit and loss account represents amounts invoiced during the year , excluisve of Value Added Tax.
    In respect of long-term contracts for on-going services, turnover represents the value of work done in the year,
    including estimates of amounts not invoiced.
    Turnover in respect of long-term contracts and contracts for
    on-going services is recognised by reference to the stage of completion

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the
    economic life of that asset as follows:
    Motor Vehicles - 20% reducing balance
    Equipment - 20% reducing balance

MARTIN'S BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 5

MARTIN'S BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

MARTIN'S BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 262,550
Additions 34,936
Disposals (135,698)
Revaluations -
Transfers -
At 28 February 2023 161,788
Depreciation
At 01 March 2022 111,730
Charge for year 6,329
On disposals (111,171)
Other adjustments -
At 28 February 2023 6,888
Net book value
At 28 February 2023 154,900
At 28 February 2022 150,820

MARTIN'S BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 5. Debtors

MARTIN'S BUILDING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due within one year note

Creditors due within 1 year contains a portion of a bounce back loan and a portion of a land and buildings loan due within 12 months of the year end. Trade creditors were all paid within 4 months of the year end