MARTON IMAGING LTD

Company Registration Number:
06016122 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

MARTON IMAGING LTD

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

MARTON IMAGING LTD

Company Information

for the Period Ended 28 February 2023




Director: Olugbenga Oduwole
Registered office: Snappy Snapps Southend
21southchurch Road
Southend-On-Sea
Essex
England
SS1 2NG
Company Registration Number: 06016122 (England and Wales)

MARTON IMAGING LTD

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

Digital Printing, Photo Minilab

Directors

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

This report was approved by the board of directors on 13 November 2023
And Signed On Behalf Of The Board By:

Name: Olugbenga Oduwole
Status: Director

MARTON IMAGING LTD

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£

2022
£
Gross turnover (not including turnover from inside OPW engagements) 316,062 361,276
Gross turnover from inside OPW engagements 0 0
Deductions from gross turnover from inside OPW engagements ( 0 ) ( 0 )
Cost of sales ( 147,158 ) ( 168,164 )
Gross Profit or (Loss) 168,904 193,112
Administrative Expenses ( 131,922 ) ( 140,232 )
Operating Profit or (Loss) 36,982 52,880
Interest Payable and Similar Charges ( 5,486 ) ( 4,909 )
Profit or (Loss) Before Tax 31,496 47,971
Profit or (Loss) for Period 31,496 47,971

The notes form part of these financial statements

MARTON IMAGING LTD

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 55,000 35,000
Tangible assets: 5 84,638 95,697
Total fixed assets: 139,638 130,697
Current assets
Stocks: 34,750 14,719
Debtors: 6 4,809 5,873
Cash at bank and in hand: 1,400 709
Total current assets: 40,959 21,301
Creditors: amounts falling due within one year: 7 ( 10,574 ) ( 18,248 )
Net current assets (liabilities): 30,385 3,053
Total assets less current liabilities: 170,023 133,750
Creditors: amounts falling due after more than one year: 8 ( 8,000 ) ( 15,000 )
Total net assets (liabilities): 162,023 118,750

The notes form part of these financial statements

MARTON IMAGING LTD

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 161,923 118,650
Shareholders funds: 162,023 118,750

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.

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 13 November 2023
And Signed On Behalf Of The Board By:

Name: Olugbenga Oduwole
Status: Director

The notes form part of these financial statements

MARTON IMAGING LTD

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 is measured at the fair value of the consideration or receivable, excluding discounts, rebates, value added tax and othe sales taxes

    Tangible fixed assets depreciation policy

    Depreciationis provided at the following annual rates in order to write off each asset over its estimated useful life

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 5

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Intangible assets

Other Total
Cost £ £
At 01 March 2022 35,000 35,000
Additions 20,000 20,000
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2023 55,000 55,000
Amortisation
Amortisation at 01 March 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 28 February 2023 - -
Net book value
Net book value at 28 February 2023 55,000 55,000
Net book value at 28 February 2022 35,000 35,000

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 March 2022 95,697 95,697
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 28 February 2023 95,697 95,697
Depreciation
At 01 March 2022 - -
Charge for year 11,059 11,059
On disposals - -
Other adjustments - -
At 28 February 2023 11,059 11,059
Net book value
At 28 February 2023 84,638 84,638
At 28 February 2022 95,697 95,697

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Debtors


2023
£

2022
£
Trade debtors 1,936
Other debtors 2,873 5,873
Total 4,809 5,873

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 1,772 1,288
Amounts due under finance leases and hire purchase contracts 450 400
Trade creditors 1,242 1,936
Taxation and social security 5,845 11,748
Other creditors 1,265 2,876
Total 10,574 18,248

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 8,000 15,000
Total 8,000 15,000