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REGISTERED NUMBER: 01211816 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

MARTIN VITERA LIMITED

MARTIN VITERA LIMITED (REGISTERED NUMBER: 01211816)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARTIN VITERA LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: H B Austin
M P B Vitera
M L Vitera
F Walker





SECRETARY: M P B Vitera





REGISTERED OFFICE: 31-35 Welling Hight Street
Welling
Kent
DA16 1TR





REGISTERED NUMBER: 01211816 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

MARTIN VITERA LIMITED (REGISTERED NUMBER: 01211816)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 931,366 868,727

CURRENT ASSETS
Stocks 56,619 61,999
Debtors 5 114,545 110,867
Cash in hand 876 873
172,040 173,739
CREDITORS
Amounts falling due within one year 6 (239,965 ) (217,657 )
NET CURRENT LIABILITIES (67,925 ) (43,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,441

824,809

CREDITORS
Amounts falling due after more than one
year

7

(38,174

)

(3,349

)
NET ASSETS 825,267 821,460

CAPITAL AND RESERVES
Called up share capital 1,190 1,190
Revaluation reserve 8 559,569 559,569
Retained earnings 264,508 260,701
SHAREHOLDERS' FUNDS 825,267 821,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

MARTIN VITERA LIMITED (REGISTERED NUMBER: 01211816)

BALANCE SHEET - continued
31 May 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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





M L Vitera - Director


MARTIN VITERA LIMITED (REGISTERED NUMBER: 01211816)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Martin Vitera 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 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.

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.

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.

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 6 (2023 - 6 ) .

MARTIN VITERA LIMITED (REGISTERED NUMBER: 01211816)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 900,000 161,286 1,061,286
Additions - 97,723 97,723
Disposals - (50,330 ) (50,330 )
At 31 May 2024 900,000 208,679 1,108,679
DEPRECIATION
At 1 June 2023 52,820 139,739 192,559
Charge for year - 28,062 28,062
Eliminated on disposal - (43,308 ) (43,308 )
At 31 May 2024 52,820 124,493 177,313
NET BOOK VALUE
At 31 May 2024 847,180 84,186 931,366
At 31 May 2023 847,180 21,547 868,727

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 650,000 208,679 858,679
Valuation in 2023 250,000 - 250,000
900,000 208,679 1,108,679

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 109,685 106,303
Other debtors 4,860 4,564
114,545 110,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 72,930 57,276
Hire purchase contracts 17,549 -
Trade creditors 114,502 118,227
Taxation and social security 7,787 12,957
Other creditors 27,197 29,197
239,965 217,657

MARTIN VITERA LIMITED (REGISTERED NUMBER: 01211816)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 34,574 -
Other creditors 3,600 3,349
38,174 3,349

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 559,569