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REGISTERED NUMBER: 04775391















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Martin Motors (UK) Limited

Martin Motors (UK) Limited (Registered number: 04775391)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martin Motors (UK) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P A Martin
Mrs S A Martin





SECRETARY: Mrs S A Martin





REGISTERED OFFICE: The Old Dryer
Hinton Business Park
Tarrant Hinton
Blandford Forum
Dorset
DT11 8JF





REGISTERED NUMBER: 04775391





ACCOUNTANTS: KingsBere Accountants Limited
The Old Dryer
Hinton Business Park
Tarrant Hinton
Blandford Forum
Dorset
DT11 8JF

Martin Motors (UK) Limited (Registered number: 04775391)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 11,800 8,351
11,800 10,851

CURRENT ASSETS
Stocks 9,117 7,418
Debtors 6 13,449 4,688
Cash at bank and in hand 1,059,016 810,462
1,081,582 822,568
CREDITORS
Amounts falling due within one year 7 186,466 104,489
NET CURRENT ASSETS 895,116 718,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,916

728,930

PROVISIONS FOR LIABILITIES 8 - 29
NET ASSETS 906,916 728,901

Martin Motors (UK) Limited (Registered number: 04775391)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 111 111
Retained earnings 10 906,805 728,790
SHAREHOLDERS' FUNDS 906,916 728,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 27 February 2024 and were signed on its behalf by:





P A Martin - Director


Martin Motors (UK) Limited (Registered number: 04775391)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Martin Motors (UK) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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 and deferred 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 or deferred 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.

Martin Motors (UK) Limited (Registered number: 04775391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 50,000
AMORTISATION
At 1 July 2022 47,500
Amortisation for year 2,500
At 30 June 2023 50,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 2,500

Martin Motors (UK) Limited (Registered number: 04775391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 41,919 24,095 1,022 67,036
Additions - 6,500 - 6,500
At 30 June 2023 41,919 30,595 1,022 73,536
DEPRECIATION
At 1 July 2022 35,295 22,368 1,022 58,685
Charge for year 994 2,057 - 3,051
At 30 June 2023 36,289 24,425 1,022 61,736
NET BOOK VALUE
At 30 June 2023 5,630 6,170 - 11,800
At 30 June 2022 6,624 1,727 - 8,351

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.23 30.6.22
£    £   
Trade debtors 12,963 4,688
Other debtors 486 -
13,449 4,688

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.23 30.6.22
£    £   
Trade creditors 19,034 18,901
Taxation and social security 91,029 70,503
Other creditors 76,403 15,085
186,466 104,489

Martin Motors (UK) Limited (Registered number: 04775391)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. PROVISIONS FOR LIABILITIES
30.6.22
£   
Deferred tax 29

Deferred
tax
£   
Balance at 1 July 2022 29
Provided during year (515 )
Balance at 30 June 2023 (486 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
111 Ordinary £1 111 111

10. RESERVES
Retained
earnings
£   

At 1 July 2022 728,790
Profit for the year 269,035
Dividends (91,020 )
At 30 June 2023 906,805