Silverfin false 31/03/2023 31/03/2023 01/04/2022 no description of principal activity Mr B F Hume 02234734 2023-03-31 02234734 2022-03-31 02234734 core:CurrentFinancialInstruments 2023-03-31 02234734 core:CurrentFinancialInstruments 2022-03-31 02234734 2022-04-01 2023-03-31 02234734 bus:Micro-entities 2022-04-01 2023-03-31 02234734 bus:FullAccounts 2022-04-01 2023-03-31 02234734 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02234734 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02234734 bus:Director1 2022-04-01 2023-03-31 02234734 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: 02234734 (England and Wales)

MARTEC INTERNATIONAL LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

MARTEC INTERNATIONAL LTD

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 March 2023

Contents

MARTEC INTERNATIONAL LTD

BALANCE SHEET

As at 31 March 2023
MARTEC INTERNATIONAL LTD

BALANCE SHEET (continued)

For the financial year ended 31 March 2023
2023 2022
£ £
Restated - note 2
Current assets 28,577 25,277
Creditors: amounts falling due within one year ( 103,537) ( 149,331)
Net current liabilities ( 74,960) ( 124,054)
Total assets less current liabilities ( 74,960) ( 124,054)
Accruals and deferred income ( 61,515) ( 45,006)
Net liabilities ( 136,475) ( 169,060)
Capital and reserves ( 136,475) ( 169,060)

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Martec International Ltd (registered number: 02234734) were approved and authorised for issue by the director on 23 November 2023 and were signed on its behalf by:

Mr B F Hume
Director
MARTEC INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
MARTEC INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 March 2023

1. Company information

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.

2. Prior year adjustment

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.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the financial year, including the director 4 4

4. Guarantees and other financial commitments

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.