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REGISTERED NUMBER: 03397325 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

HENRY MARTIN & SONS LTD

HENRY MARTIN & SONS LTD (REGISTERED NUMBER: 03397325)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HENRY MARTIN & SONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: M G Rowlingson
M Rowlingson



Secretary: Ms C M Canfield



Registered office: Lawley House
Butt Road
Colchester
Essex
CO3 3DG



Registered number: 03397325 (England and Wales)



Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ



Bankers: Bank Of Scotland
600 Gorgie Road
Edinburgh
Midlothian
EH11 3XP

HENRY MARTIN & SONS LTD (REGISTERED NUMBER: 03397325)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 32,443 36,247
Investment property 5 215,000 215,000
247,443 251,247

Current assets
Stocks 33,313 61,134
Debtors 377,409 709,962
Cash at bank 1,383,565 1,005,652
1,794,287 1,776,748
Creditors
Amounts falling due within one year 315,510 535,915
Net current assets 1,478,777 1,240,833
Total assets less current liabilities 1,726,220 1,492,080

Provisions for liabilities 16,275 15,051
Net assets 1,709,945 1,477,029

Capital and reserves
Called up share capital 154 154
Non-distributable reserve 6 76,126 76,126
Capital redemption reserve 100 100
Retained earnings 1,633,565 1,400,649
Shareholders' funds 1,709,945 1,477,029

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.

HENRY MARTIN & SONS LTD (REGISTERED NUMBER: 03397325)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 October 2024 and were signed on its behalf by:





M G Rowlingson - Director


HENRY MARTIN & SONS LTD (REGISTERED NUMBER: 03397325)

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

1. Statutory information

Henry Martin & Sons Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.


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 reducing balance
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Office Equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

HENRY MARTIN & SONS LTD (REGISTERED NUMBER: 03397325)

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

2. Accounting policies - continued

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 11 (2023 - 12 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1 April 2023 77,113
Additions 1,743
At 31 March 2024 78,856
Depreciation
At 1 April 2023 40,866
Charge for year 5,547
At 31 March 2024 46,413
Net book value
At 31 March 2024 32,443
At 31 March 2023 36,247

5. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 215,000
Net book value
At 31 March 2024 215,000
At 31 March 2023 215,000

In the opinion of the directors, the market value of the investment property is not materially different to the value stated above.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 (15,000 )
Cost 230,000
215,000

HENRY MARTIN & SONS LTD (REGISTERED NUMBER: 03397325)

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

6. Reserves
Non-distributable
reserve
£   
At 1 April 2023
and 31 March 2024 76,126