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REGISTERED NUMBER: 04685721 (England and Wales)















Martyn Ellis Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Martyn Ellis Limited (Registered number: 04685721)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Martyn Ellis Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: NM Ellis





REGISTERED OFFICE: 28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA





REGISTERED NUMBER: 04685721 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Martyn Ellis Limited (Registered number: 04685721)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 18,900 9,248

CURRENT ASSETS
Stocks 350 350
Debtors 5 775 4,320
Cash at bank 60,436 62,030
61,561 66,700
CREDITORS
Amounts falling due within one year 6 38,677 15,631
NET CURRENT ASSETS 22,884 51,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,784

60,317

CREDITORS
Amounts falling due after more than one
year

7

(12,567

)

(4,249

)

PROVISIONS FOR LIABILITIES 9 (4,725 ) (2,312 )
NET ASSETS 24,492 53,756

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 24,490 53,754
SHAREHOLDERS' FUNDS 24,492 53,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Martyn Ellis Limited (Registered number: 04685721)

Balance Sheet - continued
31 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





NM Ellis - Director


Martyn Ellis Limited (Registered number: 04685721)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Martyn Ellis Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% 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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Martyn Ellis Limited (Registered number: 04685721)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives and those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 June 2023 9,250 15,998 25,248
Additions - 24,951 24,951
Disposals - (15,998 ) (15,998 )
At 31 May 2024 9,250 24,951 34,201
DEPRECIATION
At 1 June 2023 9,000 7,000 16,000
Charge for year 63 6,238 6,301
Eliminated on disposal - (7,000 ) (7,000 )
At 31 May 2024 9,063 6,238 15,301
NET BOOK VALUE
At 31 May 2024 187 18,713 18,900
At 31 May 2023 250 8,998 9,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 775 4,320

Martyn Ellis Limited (Registered number: 04685721)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 4,712 2,999
Trade creditors 468 467
Taxation and social security 8,027 8,893
Other creditors 25,470 3,272
38,677 15,631

Included within other creditors are amounts of £23,023 (2023:£23) due to the director. This amount is unsecured, interest free and has no fixed repayment date.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 12,567 4,249

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 17,279 7,248

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 4,725 2,312

Deferred tax
£
Balance at 1 June 2023 2,312
Charge to Statement of Income and Retained Earnings during year 2,413
Balance at 31 May 2024 4,725

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

In the opinion of the director the company is controlled by NM Ellis and the estate of S Ellis.