Registered number
05372165
Andrew Martin Limited
Unaudited Filleted Accounts
29 February 2024
Andrew Martin Limited
Registered number: 05372165
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 759 893
Current assets
Debtors 4 5,147 5,151
Cash at bank and in hand 32 7
5,179 5,158
Creditors: amounts falling due within one year 5 (5,471) (4,954)
Net current (liabilities)/assets (292) 204
Net assets 467 1,097
Capital and reserves
Called up share capital 100 100
Profit and loss account 367 997
Shareholder's funds 467 1,097
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew John Martin
Director
Approved by the board on 22 November 2024
Andrew Martin Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 1,729
At 29 February 2024 1,729
Depreciation
At 1 March 2023 836
Charge for the year 134
At 29 February 2024 970
Net book value
At 29 February 2024 759
At 28 February 2023 893
4 Debtors 2024 2023
£ £
Other debtors 5,147 5,151
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,701 2,802
Trade creditors 326 326
Taxation and social security costs 2,444 1,826
5,471 4,954
6 Other information
Andrew Martin Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Kingsley Place
London
N6 5EA
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