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REGISTERED NUMBER: 04528478 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Martin Davies And Associates Limited

Martin Davies And Associates Limited (Registered number: 04528478)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Martin Davies And Associates Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: M K Davies
Mrs J A Davies





SECRETARY: Mrs J A Davies





REGISTERED OFFICE: 302 London Road
Hazel Grove
Stockport
Cheshire
SK7 4RF





REGISTERED NUMBER: 04528478 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Martin Davies And Associates Limited (Registered number: 04528478)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 39,430 41,838
39,430 41,838

CURRENT ASSETS
Debtors 7 28,780 47,177
Cash at bank - 3,091
28,780 50,268
CREDITORS
Amounts falling due within one year 8 (50,240 ) (59,637 )
NET CURRENT LIABILITIES (21,460 ) (9,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,970

32,469

CREDITORS
Amounts falling due after more than one
year

9

(9,333

)

(17,333

)

PROVISIONS FOR LIABILITIES 11 (6,259 ) (6,215 )
NET ASSETS 2,378 8,921

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,278 8,821
SHAREHOLDERS' FUNDS 2,378 8,921

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 Davies And Associates Limited (Registered number: 04528478)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





M K Davies - Director


Martin Davies And Associates Limited (Registered number: 04528478)

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

1. STATUTORY INFORMATION

Martin Davies And Associates Limited ('The Company') are primarily engaged in the provision of osteopathic services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 59 Valley Road, Crewe, Cheshire, CW1 8JZ and the address of the registered office is 302 London Road, Hazel Grove, Stockport, Cheshire, SK7 4RF. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The financial statements have been prepared under the historical cost convention.

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors, notwithstanding the net current liability position shown in the balance sheet. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue
Turnover is measured at the fair value of the consideration received or receivable and represents amounts received or receivable for services rendered and rental payments.

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. All intangible assets have now been fully amortised.

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 - Straight line over 5 to 15 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on cost


Martin Davies And Associates Limited (Registered number: 04528478)

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

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired. If such indications exist, the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Martin Davies And Associates Limited (Registered number: 04528478)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 32,810 31,227 7,414 71,451
Additions - 741 999 1,740
At 31 March 2024 32,810 31,968 8,413 73,191
DEPRECIATION
At 1 April 2023 197 22,276 7,140 29,613
Charge for year 2,187 1,453 508 4,148
At 31 March 2024 2,384 23,729 7,648 33,761
NET BOOK VALUE
At 31 March 2024 30,426 8,239 765 39,430
At 31 March 2023 32,613 8,951 274 41,838

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan account 25,392 38,046
Tax - 4,327
Accrued income 2,019 3,047
Prepayments 1,369 1,757
28,780 47,177

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 13,838 8,000
Trade creditors 1,401 16,578
Tax 139 -
Social security and other taxes 83 78
Other creditors 7,164 7,621
Accrued expenses 27,615 27,360
50,240 59,637

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 9,333 17,333

Martin Davies And Associates Limited (Registered number: 04528478)

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

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,838 -
Bank loans 8,000 8,000
13,838 8,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,000 8,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,333 9,333

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,259 6,215

Deferred
tax
£   
Balance at 1 April 2023 6,215
Charge to Income Statement during year 44
Balance at 31 March 2024 6,259

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M K Davies and Mrs J A Davies
Balance outstanding at start of year 38,046 47,078
Amounts advanced 44,820 62,322
Amounts repaid (57,474 ) (71,354 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,392 38,046

During the year interest of £570 (2023: £1,107) has been charged in respect of the directors' loan.

The above loan was cleared during the year ending 31 March 2025.

The company paid rent of £25,900 (2023: £25,900) to the directors or persons connected to the directors during the year.