Martial Machinations Ltd 11364326 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Martial arts classes Digita Accounts Production Advanced 6.30.9574.0 true 11364326 2023-06-01 2024-05-31 11364326 2024-05-31 11364326 bus:Director1 1 2024-05-31 11364326 bus:OrdinaryShareClass1 2024-05-31 11364326 core:CurrentFinancialInstruments 2024-05-31 11364326 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11364326 core:Non-currentFinancialInstruments 2024-05-31 11364326 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 11364326 core:FurnitureFittingsToolsEquipment 2024-05-31 11364326 core:OtherPropertyPlantEquipment 2024-05-31 11364326 bus:SmallEntities 2023-06-01 2024-05-31 11364326 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11364326 bus:FilletedAccounts 2023-06-01 2024-05-31 11364326 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11364326 bus:RegisteredOffice 2023-06-01 2024-05-31 11364326 bus:Director1 2023-06-01 2024-05-31 11364326 bus:Director1 1 2023-06-01 2024-05-31 11364326 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11364326 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11364326 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 11364326 core:OfficeEquipment 2023-06-01 2024-05-31 11364326 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 11364326 core:PlantMachinery 2023-06-01 2024-05-31 11364326 countries:AllCountries 2023-06-01 2024-05-31 11364326 2023-05-31 11364326 bus:Director1 1 2023-05-31 11364326 core:FurnitureFittingsToolsEquipment 2023-05-31 11364326 core:OtherPropertyPlantEquipment 2023-05-31 11364326 2022-06-01 2023-05-31 11364326 2023-05-31 11364326 bus:OrdinaryShareClass1 2023-05-31 11364326 core:CurrentFinancialInstruments 2023-05-31 11364326 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11364326 core:Non-currentFinancialInstruments 2023-05-31 11364326 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 11364326 core:FurnitureFittingsToolsEquipment 2023-05-31 11364326 core:OtherPropertyPlantEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11364326

Martial Machinations Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Martial Machinations Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Martial Machinations Ltd

Company Information

Director

Mr C Halpin

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Martial Machinations Ltd

(Registration number: 11364326)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,963

2,562

Current assets

 

Debtors

5

3,631

3,730

Creditors: Amounts falling due within one year

6

(3,711)

(4,190)

Net current liabilities

 

(80)

(460)

Total assets less current liabilities

 

2,883

2,102

Creditors: Amounts falling due after more than one year

6

(2,690)

(3,117)

Net assets/(liabilities)

 

193

(1,015)

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

183

(1,025)

Shareholders' funds/(deficit)

 

193

(1,015)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2025
 

.........................................
Mr C Halpin
Director

 

Martial Machinations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office Equipment

25% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Martial Machinations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

758

787

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

1,781

2,091

3,872

Additions

999

160

1,159

At 31 May 2024

2,780

2,251

5,031

Depreciation

At 1 June 2023

782

528

1,310

Charge for the year

354

404

758

At 31 May 2024

1,136

932

2,068

Carrying amount

At 31 May 2024

1,644

1,319

2,963

At 31 May 2023

999

1,563

2,562

5

Debtors

Current

2024
£

2023
£

Prepayments

33

33

Other debtors

3,598

3,697

 

3,631

3,730

 

Martial Machinations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

1,220

1,185

Trade creditors

 

1,443

1,548

Taxation and social security

 

-

409

Other creditors

 

1,048

1,048

 

3,711

4,190

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

2,690

3,117

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,690

3,117

Current loans and borrowings

2024
£

2023
£

Bank borrowings

471

470

Bank overdrafts

749

715

1,220

1,185

 

Martial Machinations Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

9

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Repayments by director
£

At 31 May 2024
£

Mr C Halpin

No interest is charged on the loan and there is no fixed date of repayment

(2,262)

99

(2,162)