IRIS Accounts Production v24.3.0.553 04844872 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 Ordinary 'C' 1.00000 Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 Ordinary 'C' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048448722023-03-31048448722024-03-31048448722023-04-012024-03-31048448722022-03-31048448722022-04-012023-03-31048448722023-03-3104844872ns15:EnglandWales2023-04-012024-03-3104844872ns14:PoundSterling2023-04-012024-03-3104844872ns10:Director12023-04-012024-03-3104844872ns10:Director22023-04-012024-03-3104844872ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104844872ns10:SmallEntities2023-04-012024-03-3104844872ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104844872ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104844872ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104844872ns10:FullAccounts2023-04-012024-03-310484487212023-04-012024-03-3104844872ns10:OrdinaryShareClass12023-04-012024-03-3104844872ns10:OrdinaryShareClass22023-04-012024-03-3104844872ns10:OrdinaryShareClass32023-04-012024-03-3104844872ns5:CurrentFinancialInstruments2024-03-3104844872ns5:CurrentFinancialInstruments2023-03-3104844872ns5:ShareCapital2024-03-3104844872ns5:ShareCapital2023-03-3104844872ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3104844872ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3104844872ns5:RetainedEarningsAccumulatedLosses2024-03-3104844872ns5:RetainedEarningsAccumulatedLosses2023-03-3104844872ns10:RegisteredOffice2023-04-012024-03-3104844872ns5:NetGoodwill2023-04-012024-03-3104844872ns5:NetGoodwill2023-03-3104844872ns5:NetGoodwill2024-03-3104844872ns5:NetGoodwill2023-03-3104844872ns5:FurnitureFittings2023-03-3104844872ns5:FurnitureFittings2023-04-012024-03-3104844872ns5:FurnitureFittings2024-03-3104844872ns5:FurnitureFittings2023-03-3104844872ns5:WithinOneYear2024-03-3104844872ns5:WithinOneYear2023-03-3104844872ns10:OrdinaryShareClass12024-03-3104844872ns10:OrdinaryShareClass22024-03-3104844872ns10:OrdinaryShareClass32024-03-3104844872ns5:RetainedEarningsAccumulatedLosses2023-03-3104844872ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3104844872ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 04844872 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MARTIN HAMMETT ASSOCIATES LIMITED

MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 817 1,056
817 1,056

CURRENT ASSETS
Stocks 1,106 3,623
Investments 6 - 112,333
Cash at bank 157,228 99,811
158,334 215,767
CREDITORS
Amounts falling due within one year 7 31,991 69,688
NET CURRENT ASSETS 126,343 146,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,160

147,135

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 11 496 (667 )
Retained earnings 11 126,564 147,702
SHAREHOLDERS' FUNDS 127,160 147,135

MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Mr M Hammett - Director



Miss N J Davies - Director


MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

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


1. STATUTORY INFORMATION

Martin Hammett Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04844872

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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
The turnover shown in the profit and loss account represents commissions and fees receivable.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Amortisation
Amortisation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Goodwill - 10 % straight line

Goodwill is now fully amortised.

Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of the asset as follows:

Fixtures, fittings and equipment - 10% and 33% reducing balance

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

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


2. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 110,000
AMORTISATION
At 1 April 2023
and 31 March 2024 110,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 22,120
DEPRECIATION
At 1 April 2023 21,064
Charge for year 239
At 31 March 2024 21,303
NET BOOK VALUE
At 31 March 2024 817
At 31 March 2023 1,056

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments - 112,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 40,000
Trade creditors 1,811 2,492
Corporation tax 27,494 24,535
PAYE and NIC 25 -
Directors' loan accounts 261 261
Accruals and deferred income 2,400 2,400
31,991 69,688

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,000 12,000

MARTIN HAMMETT ASSOCIATES LIMITED (REGISTERED NUMBER: 04844872)

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


9. FINANCIAL INSTRUMENTS

2024 2023
£    £   
Carrying amount of financial assets
Instruments measured at fair value - 112,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
51 Ordinary 'A' £1 51 51
29 Ordinary 'B' £1 29 29
20 Ordinary 'C' £1 20 20
100 100

11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 147,702 (667 ) 147,035
Profit for the year 90,334 90,334
Dividends (110,309 ) (110,309 )
Transfer (1,163 ) 1,163 -
At 31 March 2024 126,564 496 127,060

12. FAIR VALUE GAINS

2024 2023
£    £   
Fair value gains
Change in value of financial assets held at fair value through profit
and loss

1,163

(3,992

)