Company Registration No. 06238465 (England and Wales)
J Martin Equine Services Ltd
Unaudited accounts
for the year ended 31 May 2024
J Martin Equine Services Ltd
Unaudited accounts
Contents
J Martin Equine Services Ltd
Company Information
for the year ended 31 May 2024
Company Number
06238465 (England and Wales)
Registered Office
1 Rectory Close
Ashleworth
Gloucester
GL19 4JT
Accountants
Wellington Consulting Ltd
Fairview
St Owens Cross
Hereford
Herefordshire
HR2 8LG
J Martin Equine Services Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
22,990
6,075
Cash at bank and in hand
3,894
5,112
Creditors: amounts falling due within one year
(16,252)
(8,363)
Net current liabilities
(12,358)
(3,251)
Total assets less current liabilities
10,632
2,824
Creditors: amounts falling due after more than one year
(7,561)
-
Called up share capital
100
100
Profit and loss account
2,971
2,724
Shareholders' funds
3,071
2,824
For the year ending 31 May 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 24 January 2025 and were signed on its behalf by
Jamie Martin
Director
Company Registration No. 06238465
J Martin Equine Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
J Martin Equine Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06238465. The registered office is 1 Rectory Close, Ashleworth, Gloucester, GL19 4JT.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
An adjustment has been put through to correct an earlier year error in the value of plant and machinery.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Computer equipment
25% straight line basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
18,869
12,959
601
32,429
Additions
-
27,000
-
27,000
Disposals
-
(12,959)
-
(12,959)
At 31 May 2024
18,869
27,000
601
46,470
At 1 June 2023
15,255
10,498
601
26,354
Charge for the year
904
6,720
-
7,624
On disposals
-
(10,498)
-
(10,498)
At 31 May 2024
16,159
6,720
601
23,480
At 31 May 2024
2,710
20,280
-
22,990
At 31 May 2023
3,614
2,461
-
6,075
J Martin Equine Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,524
-
Taxes and social security
1,367
4,573
Loans from directors
10,061
3,490
The amount due includes £10,061 to the director (2023 - £3,490)
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,561
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).