1 April 2023 false No description of principal activity Taxfiler 2024.6 07610794business:PrivateLimitedCompanyLtd2023-04-012024-03-31 076107942023-03-31 076107942023-04-012024-03-31 07610794business:AuditExemptWithAccountantsReport2023-04-012024-03-31 07610794business:FilletedAccounts2023-04-012024-03-31 076107942024-03-31 07610794business:Director12023-04-012024-03-31 07610794business:RegisteredOffice2023-04-012024-03-31 076107942023-03-31 07610794core:WithinOneYear2024-03-31 07610794core:WithinOneYear2023-03-31 07610794core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07610794core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07610794core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07610794core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07610794core:PreviouslyStatedAmount2024-03-31 07610794core:PreviouslyStatedAmount2023-03-31 07610794business:SmallEntities2023-04-012024-03-31 07610794countries:EnglandWales2023-04-012024-03-31 07610794core:MotorVehicles2023-04-012024-03-31 07610794core:MotorVehicles2023-03-31 07610794core:MotorVehicles2024-03-31 07610794business:Director112023-04-012024-03-31 07610794business:Director112023-03-31 07610794business:Director112024-03-31 076107942022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07610794 (England and Wales)
Martyn Russell Property Maintenance Limited Unaudited accounts for the year ended 31 March 2024
Martyn Russell Property Maintenance Limited Unaudited accounts Contents
Page
- 2 -
Martyn Russell Property Maintenance Limited Company Information for the year ended 31 March 2024
Director
Martyn Russell
Company Number
07610794 (England and Wales)
Registered Office
3 Church Road Earley Reading RG6 1EY
- 3 -
Martyn Russell Property Maintenance Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,314 
5,904 
Current assets
Debtors
119,156 
114,024 
Cash at bank and in hand
252 
5,741 
119,408 
119,765 
Creditors: amounts falling due within one year
(122,301)
(124,299)
Net current liabilities
(2,893)
(4,534)
Total assets less current liabilities
2,421 
1,370 
Provisions for liabilities
Deferred tax
(1,010)
- 
Net assets
1,411 
1,370 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,409 
1,368 
Shareholders' funds
1,411 
1,370 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Martyn Russell Director Company Registration No. 07610794
- 4 -
Martyn Russell Property Maintenance Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Martyn Russell Property Maintenance Limited is a private company, limited by shares, registered in England and Wales, registration number 07610794. The registered office is 3 Church Road, Earley, Reading, RG6 1EY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% On cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Martyn Russell Property Maintenance Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
22,425 
At 31 March 2024
22,425 
Depreciation
At 1 April 2023
16,521 
Charge for the year
590 
At 31 March 2024
17,111 
Net book value
At 31 March 2024
5,314 
At 31 March 2023
5,904 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
116,656 
111,385 
Deferred tax asset
139 
Other debtors
2,500 
2,500 
119,156 
114,024 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
117,474 
118,271 
Other creditors
3,754 
3,754 
Loans from directors
(128)
33 
Accruals
1,201 
2,241 
122,301 
124,299 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Martyn Russell
Loan
(33)
161 
- 
128 
(33)
161 
- 
128 
The directors loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -