MARTON IMAGING LTD

Company Registration Number:
06016122 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

MARTON IMAGING LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MARTON IMAGING LTD

Company Information

for the Period Ended 29 February 2024




Director: Olugbenga Oduwole
Registered office: Snappy Snapps Southend
21southchurch Road
Southend-On-Sea
Essex
England
SS1 2NG
Company Registration Number: 06016122 (England and Wales)

MARTON IMAGING LTD

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

Photographic Retailers, Digital Printing, Photographic Minilab

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Olugbenga Oduwole

This report was approved by the board of directors on 13 November 2024
And Signed On Behalf Of The Board By:

Name: Olugbenga Oduwole
Status: Director

MARTON IMAGING LTD

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Turnover 306,176 316,062
Cost of sales ( 168,042 ) ( 147,158 )
Gross Profit or (Loss) 138,134 168,904
Administrative Expenses ( 108,546 ) ( 131,922 )
Operating Profit or (Loss) 29,588 36,982
Interest Payable and Similar Charges ( 2,824 ) ( 5,486 )
Profit or (Loss) Before Tax 26,764 31,496
Profit or (Loss) for Period 26,764 31,496

The notes form part of these financial statements

MARTON IMAGING LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 50,000 55,000
Tangible assets: 5 73,579 73,579
Total fixed assets: 123,579 128,579
Current assets
Stocks: 22,805 34,750
Debtors: 6 3,850 5,873
Cash at bank and in hand: 3,700 1,400
Total current assets: 30,355 42,023
Prepayments and accrued income: 11,059
Creditors: amounts falling due within one year: 7 ( 11,502 ) ( 11,638 )
Net current assets (liabilities): 18,853 41,444
Total assets less current liabilities: 142,432 170,023
Creditors: amounts falling due after more than one year: 8 ( 5,000 ) ( 8,000 )
Total net assets (liabilities): 137,432 162,023

The notes form part of these financial statements

MARTON IMAGING LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 9 137,332 161,923
Shareholders funds: 137,432 162,023

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 November 2024
And Signed On Behalf Of The Board By:

Name: Olugbenga Oduwole
Status: Director

The notes form part of these financial statements

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 5 6

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Intangible assets

Other Total
Cost £ £
At 01 March 2023 55,000 55,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 55,000 55,000
Amortisation
Amortisation at 01 March 2023 - -
Charge for year - -
On disposals - -
Other adjustments 5,000 5,000
Amortisation at 29 February 2024 5,000 5,000
Net book value
Net book value at 29 February 2024 50,000 50,000
Net book value at 28 February 2023 55,000 55,000

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 March 2023 84,638 84,638
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 29 February 2024 84,638 84,638
Depreciation
At 01 March 2023 11,059 11,059
Charge for year - -
On disposals - -
Other adjustments - -
At 29 February 2024 11,059 11,059
Net book value
At 29 February 2024 73,579 73,579
At 28 February 2023 73,579 73,579

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Debtors


2024
£

2023
£
Other debtors 3,850 5,873
Total 3,850 5,873

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 1,910 1,772
Amounts due under finance leases and hire purchase contracts 580 450
Trade creditors 1,115 1,242
Taxation and social security 6,895 6,909
Other creditors 1,002 1,265
Total 11,502 11,638

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 5,000 8,000
Total 5,000 8,000

MARTON IMAGING LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

9. Revaluation reserve


2024
£
Balance at 01 March 2023 161,923
Surplus or deficit after revaluation ( 24,591 )
Balance at 29 February 2024 137,332