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REGISTERED NUMBER: 03292176 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

John Martin Design Associates Limited

John Martin Design Associates Limited (Registered number: 03292176)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Martin Design Associates Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C J Raynor
C D B Carter
W Mosca
Z W Song





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 03292176 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

John Martin Design Associates Limited (Registered number: 03292176)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,234 16,888

CURRENT ASSETS
Debtors 5 160,541 204,921
Cash at bank 27,223 39,208
187,764 244,129
CREDITORS
Amounts falling due within one year 6 62,024 103,905
NET CURRENT ASSETS 125,740 140,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,974

157,112

CREDITORS
Amounts falling due after more than one year 7 (13,276 ) (23,205 )

ACCRUALS AND DEFERRED INCOME (1,960 ) (2,940 )
NET ASSETS 123,738 130,967

CAPITAL AND RESERVES
Called up share capital 400 100
Retained earnings 123,338 130,867
SHAREHOLDERS' FUNDS 123,738 130,967

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

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

John Martin Design Associates Limited (Registered number: 03292176)

Balance Sheet - continued
31 March 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 6 August 2024 and were signed on its behalf by:




C J Raynor - Director



C D B Carter - Director


John Martin Design Associates Limited (Registered number: 03292176)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

John Martin Design Associates 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
The turnover in the Profit and Loss account represents the value of goods sold and services provided during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 - at variable rates on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

John Martin Design Associates Limited (Registered number: 03292176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 100,463
DEPRECIATION
At 1 April 2023 83,575
Charge for year 3,654
At 31 March 2024 87,229
NET BOOK VALUE
At 31 March 2024 13,234
At 31 March 2023 16,888

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,921 44,699
Other debtors 117,620 160,222
160,541 204,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 35,878 81,954
Taxation and social security 13,145 7,753
Other creditors 3,001 4,198
62,024 103,905

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,276 23,205

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £Nil (2023: £Nil).

John Martin Design Associates Limited (Registered number: 03292176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D J M Barker and Mrs C Barker
Balance outstanding at start of year 102,747 100,747
Amounts advanced - 104,000
Amounts repaid (102,747 ) (102,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 102,747

10. RELATED PARTY DISCLOSURES

Other debtors includes an amount owed by D J M & C Barker who are former directors of the company amounting to £89,247..