Martin Gregory Limited 10536697 false 2022-12-31 2023-12-30 2023-12-30 The principal activity of the company is the provision of education consultancy to primary schools. Digita Accounts Production Advanced 6.30.9574.0 true true 10536697 2022-12-31 2023-12-30 10536697 2023-12-30 10536697 bus:OrdinaryShareClass1 2023-12-30 10536697 core:CurrentFinancialInstruments 2023-12-30 10536697 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 10536697 bus:SmallEntities 2022-12-31 2023-12-30 10536697 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-30 10536697 bus:FilletedAccounts 2022-12-31 2023-12-30 10536697 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 10536697 bus:RegisteredOffice 2022-12-31 2023-12-30 10536697 bus:Director1 2022-12-31 2023-12-30 10536697 bus:OrdinaryShareClass1 2022-12-31 2023-12-30 10536697 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 10536697 countries:England 2022-12-31 2023-12-30 10536697 2022-01-01 2022-12-30 10536697 2022-12-30 10536697 bus:OrdinaryShareClass1 2022-12-30 10536697 core:CurrentFinancialInstruments 2022-12-30 10536697 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10536697

Martin Gregory Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 December 2023

 

Martin Gregory Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Martin Gregory Limited

(Registration number: 10536697)
Balance Sheet as at 30 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

28

26

Creditors: Amounts falling due within one year

4

(1,562)

(2,046)

Net liabilities

 

(1,534)

(2,020)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(1,634)

(2,120)

Shareholders' deficit

 

(1,534)

(2,020)

For the financial year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
Mr M Gregory
Director

 

Martin Gregory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG

These financial statements were authorised for issue by the Board on 17 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Martin Gregory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Martin Gregory Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

4

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

448

997

Taxation and social security

 

114

49

Accruals and deferred income

 

1,000

1,000

 

1,562

2,046

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

6

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Other borrowings

448

997