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REGISTERED NUMBER: 05018672 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MARTWILL ELECTRONICS LIMITED

MARTWILL ELECTRONICS LIMITED (REGISTERED NUMBER: 05018672)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARTWILL ELECTRONICS LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







Director: Mr D Martland





Registered office: 16 Throstlenest Avenue
Beech Hill
Wigan
Lancashire
WN6 7AR





Registered number: 05018672 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

MARTWILL ELECTRONICS LIMITED (REGISTERED NUMBER: 05018672)

Balance Sheet
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,336 980

CURRENT ASSETS
Stocks - 476
Debtors 5 55 320
Cash at bank 13,716 25,683
13,771 26,479
CREDITORS
Amounts falling due within one year 6 237 7,692
NET CURRENT ASSETS 13,534 18,787
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,870

19,767

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 15,770 19,667
SHAREHOLDERS' FUNDS 15,870 19,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Mr D Martland - Director


MARTWILL ELECTRONICS LIMITED (REGISTERED NUMBER: 05018672)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Martwill Electronics 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 3,704 2,514 6,218
Additions - 1,724 1,724
At 31 January 2024 3,704 4,238 7,942
DEPRECIATION
At 1 February 2023 3,497 1,741 5,238
Charge for year 41 327 368
At 31 January 2024 3,538 2,068 5,606
NET BOOK VALUE
At 31 January 2024 166 2,170 2,336
At 31 January 2023 207 773 980

MARTWILL ELECTRONICS LIMITED (REGISTERED NUMBER: 05018672)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 55 320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security (763 ) 1,691
Other creditors 1,000 6,001
237 7,692

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100