Registered number
09990582
Martin Redston Associates Ltd
Filleted Accounts
31 March 2024
Martin Redston Associates Ltd
Registered number: 09990582
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,158 4,316
Current assets
Stocks 12,854 52,524
Debtors 4 85,360 89,491
Cash at bank and in hand 14,198 25,297
112,412 167,312
Creditors: amounts falling due within one year 5 (80,594) (98,057)
Net current assets 31,818 69,255
Total assets less current liabilities 33,976 73,571
Creditors: amounts falling due after more than one year 6 (28,088) (18,329)
Net assets 5,888 55,242
Capital and reserves
Called up share capital 4 4
Profit and loss account 5,884 55,238
Shareholders' funds 5,888 55,242
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Steven Redston
Director
Approved by the board on 17 June 2024
Martin Redston Associates Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is not considered material
Pensions
Contributions to pension plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 8,632
At 31 March 2024 8,632
Depreciation
At 1 April 2023 4,316
Charge for the year 2,158
At 31 March 2024 6,474
Net book value
At 31 March 2024 2,158
At 31 March 2023 4,316
4 Debtors 2024 2023
£ £
Trade debtors 83,066 89,489
Other debtors 2,294 2
85,360 89,491
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 475 15,699
Taxation and social security costs 16,809 22,589
Other creditors 53,310 59,769
80,594 98,057
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 28,088 18,329
7 Other information
Martin Redston Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Edward Square
London
N1 0SP
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