Company Registration No. 08555346 (England and Wales)
Martha Brook Ltd
Unaudited accounts
for the year ended 31 March 2024
Martha Brook Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
22,056
24,912
Cash at bank and in hand
17,452
112,013
Creditors: amounts falling due within one year
(178,021)
(177,146)
Net current (liabilities)/assets
(71,833)
36,978
Total assets less current liabilities
(49,777)
61,890
Creditors: amounts falling due after more than one year
(111,102)
(157,289)
Net liabilities
(160,879)
(95,399)
Called up share capital
2
2
Share premium
448,519
448,519
Profit and loss account
(609,400)
(543,920)
Shareholders' funds
(160,879)
(95,399)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
C M Keith
Director
Company Registration No. 08555346
Martha Brook Ltd
Notes to the Accounts
for the year ended 31 March 2024
Martha Brook Ltd is a private company, limited by shares, registered in England and Wales, registration number 08555346. The registered office is Q West, 1110 Great West Road, Brentford, Middlesex, TW8 0GP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 - 7 years straight line
Fixtures & fittings
5 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Martha Brook Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
71,134
1,983
73,117
At 31 March 2024
78,359
1,983
80,342
At 1 April 2023
47,328
877
48,205
Charge for the year
9,716
365
10,081
At 31 March 2024
57,044
1,242
58,286
At 31 March 2024
21,315
741
22,056
At 31 March 2023
23,806
1,106
24,912
Amounts falling due within one year
Accrued income and prepayments
1,717
3,772
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
75,113
101,048
Trade creditors
56,647
41,202
Taxes and social security
22,868
26,083
Other creditors
15,346
8,813
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
111,102
157,289
8
Average number of employees
During the year the average number of employees was 12 (2023: 15).