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REGISTERED NUMBER: 03078643 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MARTOR UK LIMITED

MARTOR UK LIMITED (REGISTERED NUMBER: 03078643)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARTOR UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr D Otto
Mrs S Hendricks
Mr T Turner



REGISTERED OFFICE: Clifton House
Bunnian Place
Basingstoke
Hampshire
RG21 7JE



BUSINESS ADDRESS: 2 Monaco Works
Station Road
Kings Langley
Hertfordshire
WD4 8LQ



REGISTERED NUMBER: 03078643 (England and Wales)



SENIOR STATUTORY AUDITOR: Neil Raynsford



AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

MARTOR UK LIMITED (REGISTERED NUMBER: 03078643)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 34,237 38,351
Investments 6 100 100
34,337 38,451

CURRENT ASSETS
Stocks 354,155 325,526
Debtors 7 463,141 451,614
Cash at bank and in hand 463,529 280,744
1,280,825 1,057,884
CREDITORS
Amounts falling due within one year 8 503,637 365,655
NET CURRENT ASSETS 777,188 692,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,525

730,680

CREDITORS
Amounts falling due after more than one
year

9

20,435

24,369
NET ASSETS 791,090 706,311

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 790,890 706,111
SHAREHOLDERS' FUNDS 791,090 706,311

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st February 2025 and were signed on its behalf by:





Mr T Turner - Director


MARTOR UK LIMITED (REGISTERED NUMBER: 03078643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Martor UK 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the remaining term of the lease
Fixtures and fittings - 33% straight line
Motor vehicles - 20% on reducing balance
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MARTOR UK LIMITED (REGISTERED NUMBER: 03078643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 10,952 7,899 26,993 67,347 113,191
Additions - 7,480 - 1,435 8,915
At 31st December 2024 10,952 15,379 26,993 68,782 122,106
DEPRECIATION
At 1st January 2024 10,952 6,166 1,361 56,361 74,840
Charge for year - 2,865 5,126 5,038 13,029
At 31st December 2024 10,952 9,031 6,487 61,399 87,869
NET BOOK VALUE
At 31st December 2024 - 6,348 20,506 7,383 34,237
At 31st December 2023 - 1,733 25,632 10,986 38,351

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1st January 2024
and 31st December 2024 100
NET BOOK VALUE
At 31st December 2024 100
At 31st December 2023 100

The company has taken advantage of exemption from the requirement to prepare group accounts under section 402 of the Companies Act 2006 as a result of the inclusion of the sole subsidiary, Safer Life Limited, being not material for the purpose of giving a true and fair view in accordance with section 405(2) of the Companies Act 2006.

MARTOR UK LIMITED (REGISTERED NUMBER: 03078643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 414,138 421,706
Other debtors 49,003 29,908
463,141 451,614

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 180,594 103,129
Taxation and social security 159,220 133,318
Other creditors 163,823 129,208
503,637 365,655

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,435 24,369

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 20,435 24,369

The hire purchase contracts are secured on the fixed assets for which they were used to purchase.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

13. OPERATING LEASE COMMITMENTS

Total future commitments, guarantees and contingencies which are not included in the balance sheet amount to £14,715 (2023: £40,618).

This amount relates to operating lease commitments which are payable over the next 2 years (2023 - 3 years).

14. PARENT COMPANY

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

MARTOR UK LIMITED (REGISTERED NUMBER: 03078643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


14. PARENT COMPANY - continued

The immediate parent company is Martor Beteiligungs GmbH, a company registered in Germany with a registered office of Lindgesfeld 28, 42653 Solingen, Germany.