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REGISTERED NUMBER: 02745594 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Martin Motor Services Limited

Martin Motor Services Limited (Registered number: 02745594)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martin Motor Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Martin
Mrs J Martin
J Martin





SECRETARY: Mrs J Martin





REGISTERED OFFICE: Strategic House
Strawberry Lane Industrial Estate
Strawberry Lane
Willenhall
West Midlands
WV13 3RS





REGISTERED NUMBER: 02745594 (England and Wales)






Martin Motor Services Limited (Registered number: 02745594)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,636,073 790,892

CURRENT ASSETS
Stocks 8,100 7,400
Debtors 5 632,728 450,220
Cash at bank 422,163 881,210
1,062,991 1,338,830
CREDITORS
Amounts falling due within one year 6 1,011,559 887,870
NET CURRENT ASSETS 51,432 450,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,687,505

1,241,852

CREDITORS
Amounts falling due after more than
one year

7

(39,395

)

(75,758

)

PROVISIONS FOR LIABILITIES (37,613 ) (22,554 )
NET ASSETS 1,610,497 1,143,540

CAPITAL AND RESERVES
Called up share capital 9 35,720 35,720
Share premium 4,280 4,280
Retained earnings 1,570,497 1,103,540
SHAREHOLDERS' FUNDS 1,610,497 1,143,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Martin Motor Services Limited (Registered number: 02745594)

Balance Sheet - continued
30 April 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 31 August 2024 and were signed on its behalf by:





P Martin - Director


Martin Motor Services Limited (Registered number: 02745594)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Martin Motor Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 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.


Martin Motor Services Limited (Registered number: 02745594)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 768,958 426,337 24,444 90,061 1,309,800
Additions 790,542 131,651 - - 922,193
At 30 April 2024 1,559,500 557,988 24,444 90,061 2,231,993
DEPRECIATION
At 1 May 2023 72,244 351,700 24,202 70,762 518,908
Charge for year - 72,942 61 4,009 77,012
At 30 April 2024 72,244 424,642 24,263 74,771 595,920
NET BOOK VALUE
At 30 April 2024 1,487,256 133,346 181 15,290 1,636,073
At 30 April 2023 696,714 74,637 242 19,299 790,892

Martin Motor Services Limited (Registered number: 02745594)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 611,019 431,077
Other debtors 21,709 19,143
632,728 450,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 36,364 36,364
Trade creditors 355,020 300,736
Taxation and social security 309,180 178,763
Other creditors 310,995 372,007
1,011,559 887,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 39,395 75,758

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 75,759 112,122

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
32,000 Ordinary "A" £1 32,000 32,000
3,720 Ordinary "B" £1 3,720 3,720
35,720 35,720