IRIS Accounts Production v24.2.0.383 11395556 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113955562023-03-31113955562024-03-31113955562023-04-012024-03-31113955562022-03-31113955562022-04-012023-03-31113955562023-03-3111395556ns15:EnglandWales2023-04-012024-03-3111395556ns14:PoundSterling2023-04-012024-03-3111395556ns10:Director12023-04-012024-03-3111395556ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111395556ns10:SmallEntities2023-04-012024-03-3111395556ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111395556ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111395556ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111395556ns10:FullAccounts2023-04-012024-03-311139555612023-04-012024-03-3111395556ns10:Director22023-04-012024-03-3111395556ns10:Director32023-04-012024-03-3111395556ns10:CompanySecretary12023-04-012024-03-3111395556ns10:RegisteredOffice2023-04-012024-03-3111395556ns5:CurrentFinancialInstruments2024-03-3111395556ns5:CurrentFinancialInstruments2023-03-3111395556ns5:Non-currentFinancialInstruments2024-03-3111395556ns5:Non-currentFinancialInstruments2023-03-3111395556ns5:ShareCapital2024-03-3111395556ns5:ShareCapital2023-03-3111395556ns5:RetainedEarningsAccumulatedLosses2024-03-3111395556ns5:RetainedEarningsAccumulatedLosses2023-03-3111395556ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111395556ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-012024-03-3111395556ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3111395556ns5:PlantMachinery2023-04-012024-03-3111395556ns5:MotorVehicles2023-04-012024-03-3111395556ns5:ComputerEquipment2023-04-012024-03-3111395556ns5:IntangibleAssetsOtherThanGoodwill2023-03-3111395556ns5:IntangibleAssetsOtherThanGoodwill2024-03-3111395556ns5:IntangibleAssetsOtherThanGoodwill2023-03-3111395556ns5:LandBuildings2023-03-3111395556ns5:PlantMachinery2023-03-3111395556ns5:MotorVehicles2023-03-3111395556ns5:ComputerEquipment2023-03-3111395556ns5:LandBuildings2023-04-012024-03-3111395556ns5:LandBuildings2024-03-3111395556ns5:PlantMachinery2024-03-3111395556ns5:MotorVehicles2024-03-3111395556ns5:ComputerEquipment2024-03-3111395556ns5:LandBuildings2023-03-3111395556ns5:PlantMachinery2023-03-3111395556ns5:MotorVehicles2023-03-3111395556ns5:ComputerEquipment2023-03-3111395556ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111395556ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 11395556 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIKE MARTIN WINDOW SYSTEMS LIMITED

MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)






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


MIKE MARTIN WINDOW SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M R Martin
J Martin
N Trevenna





SECRETARY: Mrs N Brady





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 11395556 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 151,755 409,595
153,755 412,595

CURRENT ASSETS
Stocks 50,000 45,001
Debtors 6 1,273,311 745,910
Investments 7 50 50
Cash at bank 415,696 668,700
1,739,057 1,459,661
CREDITORS
Amounts falling due within one year 8 507,364 505,005
NET CURRENT ASSETS 1,231,693 954,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,448

1,367,251

CREDITORS
Amounts falling due after more than one
year

9

(79,890

)

(88,196

)

PROVISIONS FOR LIABILITIES (36,763 ) (25,757 )
NET ASSETS 1,268,795 1,253,298

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 1,268,690 1,253,193
1,268,795 1,253,298

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.

MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)

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 Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J Martin - Director


MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mike Martin Window Systems 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.

Preparation of consolidated financial statements
The financial statements contain information about Mike Martin Window Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not depreciated
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

Software development
Development of software is written off to the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023 2,000
Charge for year 1,000
At 31 March 2024 3,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 3,000

MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 269,238 49,943 210,984 19,017 549,182
Additions - 12,759 53,706 1,014 67,479
Disposals (269,238 ) - (15,990 ) - (285,228 )
At 31 March 2024 - 62,702 248,700 20,031 331,433
DEPRECIATION
At 1 April 2023 - 14,839 114,528 10,220 139,587
Charge for year - 12,322 36,664 3,556 52,542
Eliminated on disposal - - (12,451 ) - (12,451 )
At 31 March 2024 - 27,161 138,741 13,776 179,678
NET BOOK VALUE
At 31 March 2024 - 35,541 109,959 6,255 151,755
At 31 March 2023 269,238 35,104 96,456 8,797 409,595

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,718 54,999
Amounts recoverable on contracts 35,434 -
Other debtors 1,176,159 690,911
1,273,311 745,910

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 50 50

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,302 33,305
Hire purchase contracts 7,075 3,214
Trade creditors 252,053 156,263
Taxation and social security 55,309 155,795
Other creditors 160,625 156,428
507,364 505,005

MIKE MARTIN WINDOW SYSTEMS LIMITED (REGISTERED NUMBER: 11395556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 56,898 88,196
Hire purchase contracts 22,992 -
79,890 88,196

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JEM Holdings (Cornwall) Limited.