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REGISTERED NUMBER: 04676092 (England and Wales)















MARTIN HOPKINS PARTNERSHIP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






MARTIN HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARTIN HOPKINS PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: R J Martin
M J Martin
J R Martin





SECRETARY: M J Martin





REGISTERED OFFICE: Desg
11-13 Penhill Road
Cardiff
South Glamorgan
CF11 9PQ





REGISTERED NUMBER: 04676092 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

MARTIN HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,875
Tangible assets 5 224 284
224 3,159

CURRENT ASSETS
Stocks 19,962 56,825
Debtors 6 57,347 54,221
Cash at bank and in hand 36,496 99,687
113,805 210,733
CREDITORS
Amounts falling due within one year 7 78,874 154,114
NET CURRENT ASSETS 34,931 56,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,155

59,778

CREDITORS
Amounts falling due after more than one
year

8

27,967

33,481
NET ASSETS 7,188 26,297

CAPITAL AND RESERVES
Called up share capital 9 200 190
Retained earnings 6,988 26,107
SHAREHOLDERS' FUNDS 7,188 26,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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 HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





R J Martin - Director


MARTIN HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Martin Hopkins Partnership 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


MARTIN HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 230,000
AMORTISATION
At 1st January 2023 227,125
Charge for year 2,875
At 31st December 2023 230,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 2,875

MARTIN HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st January 2023
and 31st December 2023 1,260
DEPRECIATION
At 1st January 2023 976
Charge for year 60
At 31st December 2023 1,036
NET BOOK VALUE
At 31st December 2023 224
At 31st December 2022 284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,748 53,271
Other debtors - 116
Directors' current accounts 9,038 -
Prepayments and accrued income 561 834
57,347 54,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2 -
Coronavirus Bounce-back loan 8,333 8,333
Trade creditors 19,648 33
Corporation Tax 9,240 9,373
Social security and other taxes 1,368 4,644
VAT 18,399 22,417
Directors' current accounts - 469
Deferred income 14,185 -
Accrued expenses and deferred income 7,699 108,845
78,874 154,114

MARTIN HOPKINS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04676092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Coronavirus Bounce-back loan 27,967 33,481

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 72
100 Ordinary B £1 100 98
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
200 190

10. TRANSACTIONS WITH DIRECTORS

At 31 December 2023, R J Martin owed the company £4,993 (2022: £102 owed to R J Martin),

At 31 December 2023 M J Martin owed the company £4,045 (2022: £367 owed to M J Martin).