Company No:
Contents
2023 | 2022 | |||
£ | £ | |||
Restated - note 2 | ||||
Current assets |
|
|
||
Creditors: amounts falling due within one year | (
|
(
|
||
Net current liabilities | (
|
(
|
||
Total assets less current liabilities | (
|
(
|
||
Accruals and deferred income | (
|
(
|
||
Net liabilities | (
|
(
|
||
Capital and reserves | (
|
(
|
Director's responsibilities:
The financial statements of Martec International Ltd (registered number: 02234734) were approved and authorised for issue by
Mr B F Hume
Director |
The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 02234734). The address of its registered office is Bramley House Orchard Close, Bradford On Tone, Taunton, TA4 1HD, United Kingdom.
During the year the directors have reviewed the revenue recognition policy and concluded that it would be more appropriate to realise licence income and commissions payable over the period to which they relate rather than at the point of invoice.
As a result of the prior year adjustment net liabilities at 1 April 2021 have increased by £31,938 from £140,575 to £172,513.
The comparatives have been restated with the effect that at 31 March 2022 accruals and deferred income have increased by £42,163 from £2,843 to £45,006. Net liabilities increased by the same amount from £126,897 to £169,060.
As a result of the prior year adjustment the profit for the year ended 31 March 2022 has reduced from the £13,677 previously reported to £3,453 as a result of a reduction in turnover of £14,605 and a reduction in other charges of £4,381.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the financial year, including the director |
|
|
The company has provided security in respect of its obligations totalling £nil (2022 - £51,931). The company has a bank overdraft totalling £nil (2022 - £51,931) which is secured by way of a personal guarantee from the director.