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REGISTERED NUMBER: 03570863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

N. Martin Limited

N. Martin Limited (Registered number: 03570863)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

N. Martin Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs K M Horn
Mrs A E Martin-Horn





REGISTERED OFFICE: c/o AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 03570863 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

N. Martin Limited (Registered number: 03570863)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 203,772 204,437

CURRENT ASSETS
Stocks 5 1,018 695
Debtors 6 21,222 19,048
Cash at bank and in hand 243,277 221,383
265,517 241,126
CREDITORS
Amounts falling due within one year 7 20,231 17,738
NET CURRENT ASSETS 245,286 223,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,058

427,825

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 448,958 427,725
SHAREHOLDERS' FUNDS 449,058 427,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

N. Martin Limited (Registered number: 03570863)

Balance Sheet - continued
31 May 2023


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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mrs K M Horn - Director


N. Martin Limited (Registered number: 03570863)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

N. Martin Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Freehold property - No Depreciation
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

N. Martin Limited (Registered number: 03570863)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST OR VALUATION
At 1 June 2022
and 31 May 2023 200,000 29,356 1,450 230,806
DEPRECIATION
At 1 June 2022 - 25,267 1,102 26,369
Charge for year - 613 52 665
At 31 May 2023 - 25,880 1,154 27,034
NET BOOK VALUE
At 31 May 2023 200,000 3,476 296 203,772
At 31 May 2022 200,000 4,089 348 204,437

Cost or valuation at 31 May 2023 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Cost 200,000 29,356 1,450 230,806

5. STOCKS
31.5.23 31.5.22
£ £
Stocks 1,018 695

6. DEBTORS
31.5.23 31.5.22
£ £
Amounts falling due within one year:
Trade debtors 1,337 -
Social security and other tax - 511
Prepayments 292 945
1,629 1,456

Amounts falling due after more than one year:
Directors' loan accounts 19,593 17,592

Aggregate amounts 21,222 19,048

N. Martin Limited (Registered number: 03570863)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Trade creditors 8,980 9,404
Tax 4,923 4,000
Social security and other taxes 635 -
VAT 4,572 3,284
Pensions 46 -
Accrued expenses 1,075 1,050
20,231 17,738

N. Martin Limited

Report of the Accountants to the Directors of
N. Martin Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


20 February 2024