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REGISTERED NUMBER: 07907984 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Andrew Martin & Associates Ltd.

Andrew Martin & Associates Ltd. (Registered number: 07907984)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Andrew Martin & Associates Ltd. (Registered number: 07907984)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,269 1,409
1,269 1,409

CURRENT ASSETS
Stocks 5,546 6,790
Debtors 6 5,059 1,032
Cash at bank 42,273 29,046
52,878 36,868
CREDITORS
Amounts falling due within one year 7 38,642 27,757
NET CURRENT ASSETS 14,236 9,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,505

10,520

CREDITORS
Amounts falling due after more than one year 8 5,367 10,567
NET ASSETS/(LIABILITIES) 10,138 (47 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,137 (48 )
SHAREHOLDERS' FUNDS 10,138 (47 )

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 director acknowledges his 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.

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 director and authorised for issue on 27 November 2024 and were signed by:



A C Martin - Director


Andrew Martin & Associates Ltd. (Registered number: 07907984)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Andrew Martin & Associates Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07907984

Registered office: 244 Lichfield Road
Sutton Coldfield
West Midlands
B74 2UD

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of four years.

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.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Andrew Martin & Associates Ltd. (Registered number: 07907984)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 55,000
AMORTISATION
At 1 April 2023
and 31 March 2024 55,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 5,912
DEPRECIATION
At 1 April 2023 4,503
Charge for year 140
At 31 March 2024 4,643
NET BOOK VALUE
At 31 March 2024 1,269
At 31 March 2023 1,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,544 -
Other debtors 2,515 1,032
5,059 1,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,600 4,000
Trade creditors 1,765 2,676
Amounts owed to associates 25,965 17,256
Taxation and social security 2,545 284
Other creditors 3,767 3,541
38,642 27,757

Andrew Martin & Associates Ltd. (Registered number: 07907984)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,367 10,567

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the directors loan account was £1,678 in credit (2023: £936 in credit)

10. RELATED PARTY DISCLOSURES

During the year Mr A C and Mrs L C Martin owned a business, Andrew Martin & Optometrist Limited, from whom a management recharge of purchases amounting to £30,758, was invoiced under normal commercial terms. At the balance sheet date £25,965 was outstanding on the inter company account and this is included in trade creditors.