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MARTIN GREEN TRADITIONAL DECORATING LIMITED

Registered Number
08264719
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MARTIN GREEN TRADITIONAL DECORATING LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Gemma Fitt
Stephen Fitt
Martin Green
Sadie Green

Registered Address

The Old Smithy Stocktons Courtyard
Overbury
Tewkesbury
GL20 7NT

Place of Business

Pure Offices

Unit 38 Kestral Court

Waterwells Drive

Quedgeley

GL2 2AT


Registered Number

08264719 (England and Wales)
MARTIN GREEN TRADITIONAL DECORATING LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3188,642118,388
188,642118,388
Current assets
Debtors171,993151,164
Cash at bank and on hand86,01272,406
258,005223,570
Creditors amounts falling due within one year(121,034)(71,334)
Net current assets (liabilities)136,971152,236
Total assets less current liabilities325,613270,624
Creditors amounts falling due after one year(101,093)(73,860)
Provisions for liabilities(11,489)(11,489)
Net assets213,031185,275
Capital and reserves
Called up share capital100100
Profit and loss account212,931185,175
Shareholders' funds213,031185,275
The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2024, and are signed on its behalf by:
Stephen Fitt
Director
Registered Company No. 08264719
MARTIN GREEN TRADITIONAL DECORATING LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles25
Office Equipment33
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year1818
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23224,646
Additions115,143
At 31 March 24339,789
Depreciation and impairment
At 01 April 23106,258
Charge for year44,889
At 31 March 24151,147
Net book value
At 31 March 24188,642
At 31 March 23118,388
4.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts85,25948,027