Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01false47210 - Retail sale of fruit and vegetables in specialised stores11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14147153 2023-10-01 2024-09-30 14147153 2022-06-01 2023-09-30 14147153 2024-09-30 14147153 2023-09-30 14147153 c:Director1 2023-10-01 2024-09-30 14147153 d:CurrentFinancialInstruments 2024-09-30 14147153 d:CurrentFinancialInstruments 2023-09-30 14147153 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14147153 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14147153 d:ShareCapital 2024-09-30 14147153 d:ShareCapital 2023-09-30 14147153 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 14147153 d:RetainedEarningsAccumulatedLosses 2024-09-30 14147153 d:RetainedEarningsAccumulatedLosses 2023-09-30 14147153 c:OrdinaryShareClass1 2023-10-01 2024-09-30 14147153 c:OrdinaryShareClass1 2024-09-30 14147153 c:OrdinaryShareClass1 2023-09-30 14147153 c:FRS102 2023-10-01 2024-09-30 14147153 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14147153 c:FullAccounts 2023-10-01 2024-09-30 14147153 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14147153 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14147153









MARTIN SOURCING GLOBAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MARTIN SOURCING GLOBAL LTD
REGISTERED NUMBER: 14147153

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,601
12,575

Cash at bank and in hand
 5 
125,245
28,487

  
132,846
41,062

Creditors: amounts falling due within one year
 6 
(119,191)
(263,437)

Net current assets/(liabilities)
  
 
 
13,655
 
 
(222,375)

Total assets less current liabilities
  
13,655
(222,375)

  

Net assets/(liabilities)
  
13,655
(222,375)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
13,555
(222,475)

  
13,655
(222,375)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.




J J G Martin
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 1

 
MARTIN SOURCING GLOBAL LTD
REGISTERED NUMBER: 14147153
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


Page 2

 
MARTIN SOURCING GLOBAL LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
100
(222,475)
(222,375)



Profit for the period
-
236,030
236,030


At 30 September 2024
100
13,555
13,655


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MARTIN SOURCING GLOBAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Martin Sourcing Global Ltd is a private company limited by shares and incorporated in England and Wales. It has its registered office at Hillside Mill Dads Hill, Cross In Hand, Heathfield, East Sussex, England, TN21 0SY. 
The company's principal activity is that of Retail sale of fruit and vegetables in specialised stores.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
MARTIN SOURCING GLOBAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
MARTIN SOURCING GLOBAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 6

 
MARTIN SOURCING GLOBAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Debtors

2024
2023
£
£


Other debtors
7,501
12,475

Called up share capital not paid
100
100

7,601
12,575



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
125,245
28,487

125,245
28,487



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
33,858
-

Other creditors
77,977
263,437

Accruals and deferred income
7,356
-

119,191
263,437



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Controlling party

The director is the ultimate controlling party of the company by virtue of his shareholdings.

 
Page 7