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REGISTERED NUMBER: 04939841 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Martin's (UK) Limited

Martin's (UK) Limited (Registered number: 04939841)






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


Martin's (UK) Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs R K Sandhu
J S sandhu



REGISTERED OFFICE:
5 Albany Road
Earlsdon
Coventry
West Midlands
CV5 6JQ



BUSINESS ADDRESS: 2 Chillinghome Road
Bromford Bridge
Birmingham
B36 8SH



REGISTERED NUMBER: 04939841 (England and Wales)



ACCOUNTANTS: Sachdev & Co
Chartered Accountants
5 Albany Road
Earlsdon
Coventry
West Midlands
CV5 6JQ



BANKERS: Lloyds TSB
Queen Square
Wolverhampton
WV1 1TF

Martin's (UK) Limited (Registered number: 04939841)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,120 51,120
Tangible assets 5 - -
51,120 51,120

CURRENT ASSETS
Stocks 6 33,200 75,590
Debtors 7 130,122 170,956
Cash at bank and in hand 112,547 31,167
275,869 277,713
CREDITORS
Amounts falling due within one year 8 4,652 16,847
NET CURRENT ASSETS 271,217 260,866
TOTAL ASSETS LESS CURRENT LIABILITIES 322,337 311,986

CREDITORS
Amounts falling due after more than one
year

9

277,193

252,156
NET ASSETS 45,144 59,830

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 45,142 59,828
SHAREHOLDERS' FUNDS 45,144 59,830

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.

Martin's (UK) Limited (Registered number: 04939841)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




J S sandhu - Director



Mrs R K Sandhu - Director


Martin's (UK) Limited (Registered number: 04939841)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Martin's (UK) 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
Acquired goodwill is not written off in equal annual instalments over its estimated useful economic life.

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.
Fixtures and fittings - 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 51,120
NET BOOK VALUE
At 31 March 2024 51,120
At 31 March 2023 51,120

Martin's (UK) Limited (Registered number: 04939841)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 52,197 6,800 58,997
DEPRECIATION
At 1 April 2023
and 31 March 2024 52,197 6,800 58,997
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

6. STOCKS
2024 2023
£    £   
Stocks 33,200 75,590

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 130,122 170,956

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 11,244
Corporation tax (62 ) (62 )
VAT 3,675 2,685
Accruals 1,039 2,980
4,652 16,847

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 269,449 252,156
Directors account 7,744 -
277,193 252,156