Registered number
11966299
Martin Drew Limited
Unaudited Filleted Accounts
30 April 2024
Martin Drew Limited
Registered number: 11966299
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,368 3,431
Current assets
Debtors 4 11,227 11,892
Cash at bank and in hand 26,110 29,325
37,337 41,217
Creditors: amounts falling due within one year 5 (15,894) (28,093)
Net current assets 21,443 13,124
Total assets less current liabilities 24,811 16,555
Provisions for liabilities (640) (652)
Net assets 24,171 15,903
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,071 15,803
Shareholders' funds 24,171 15,903
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 members have 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.
M. Drew
Director
Approved by the board on 14 January 2025
Martin Drew Limited
Notes to the Accounts
for the year ended 30 April 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.
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:
Fixtures, fittings, tools and equipment over 3-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities, other than loans from the director, are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
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 May 2023 9,881
Additions 3,398
Disposals (2,463)
At 30 April 2024 10,816
Depreciation
At 1 May 2023 6,450
Charge for the year 2,137
On disposals (1,139)
At 30 April 2024 7,448
Net book value
At 30 April 2024 3,368
At 30 April 2023 3,431
4 Debtors 2024 2023
£ £
Trade debtors 4,470 11,892
Other debtors 6,757 -
11,227 11,892
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,056 -
Taxation and social security costs 11,206 10,293
Other creditors 3,632 17,800
15,894 28,093
6 Other information
Martin Drew Limited is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Reigate
Surrey
RH2 9JH
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