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REGISTERED NUMBER: 05868173 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

S.P. Martin Limited

S.P. Martin Limited (Registered number: 05868173)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S.P. Martin Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S P Martin





REGISTERED OFFICE: Lewcombe Woods Farmhouse
Evershot
Dorchester
Dorset
DT2 0PH





REGISTERED NUMBER: 05868173 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

S.P. Martin Limited (Registered number: 05868173)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 20,792 18,780
20,792 18,780

CURRENT ASSETS
Inventories 106,000 91,000
Debtors 6 35,975 45,346
Cash at bank 352,958 279,153
494,933 415,499
CREDITORS
Amounts falling due within one year 7 157,738 134,690
NET CURRENT ASSETS 337,195 280,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,987

299,589

PROVISIONS FOR LIABILITIES 2,792 1,354
NET ASSETS 355,195 298,235

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 354,195 297,235
SHAREHOLDERS' FUNDS 355,195 298,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

S.P. Martin Limited (Registered number: 05868173)

Statement of Financial Position - continued
30 April 2024


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 director and authorised for issue on 21 August 2024 and were signed by:





S P Martin - Director


S.P. Martin Limited (Registered number: 05868173)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

S.P. 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.

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
Revenue 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 2007, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

S.P. Martin Limited (Registered number: 05868173)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 475,000
AMORTISATION
At 1 May 2023
and 30 April 2024 475,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 36,851 37,102 73,953
Additions 5,405 2,463 7,868
At 30 April 2024 42,256 39,565 81,821
DEPRECIATION
At 1 May 2023 36,851 18,322 55,173
Charge for year 546 5,310 5,856
At 30 April 2024 37,397 23,632 61,029
NET BOOK VALUE
At 30 April 2024 4,859 15,933 20,792
At 30 April 2023 - 18,780 18,780

S.P. Martin Limited (Registered number: 05868173)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 17,006 31,609
Other debtors 18,969 13,737
35,975 45,346

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 66,955 56,479
Other creditors 90,783 78,211
157,738 134,690

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2023 - £83,500) were paid to the director .