IRIS Accounts Production v24.3.2.46 03240177 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032401772023-09-30032401772024-09-30032401772023-10-012024-09-30032401772022-09-30032401772022-10-012023-09-30032401772023-09-3003240177ns15:EnglandWales2023-10-012024-09-3003240177ns14:PoundSterling2023-10-012024-09-3003240177ns10:Director12023-10-012024-09-3003240177ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003240177ns10:SmallEntities2023-10-012024-09-3003240177ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3003240177ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3003240177ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003240177ns10:AbridgedAccounts2023-10-012024-09-300324017712023-10-012024-09-3003240177ns10:Director22023-10-012024-09-3003240177ns10:CompanySecretary12023-10-012024-09-3003240177ns10:RegisteredOffice2023-10-012024-09-3003240177ns5:CurrentFinancialInstruments2024-09-3003240177ns5:CurrentFinancialInstruments2023-09-3003240177ns5:Non-currentFinancialInstruments2024-09-3003240177ns5:Non-currentFinancialInstruments2023-09-3003240177ns5:ShareCapital2024-09-3003240177ns5:ShareCapital2023-09-3003240177ns5:RetainedEarningsAccumulatedLosses2024-09-3003240177ns5:RetainedEarningsAccumulatedLosses2023-09-3003240177ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3003240177ns5:PlantMachinery2023-10-012024-09-3003240177ns5:MotorVehicles2023-10-012024-09-30032401771ns10:Director12023-09-30032401771ns10:Director12022-09-30032401771ns10:Director12023-10-012024-09-30032401771ns10:Director12022-10-012023-09-30032401771ns10:Director12024-09-30032401771ns10:Director12023-09-300324017712023-10-012024-09-30
REGISTERED NUMBER: 03240177 (England and Wales)









R T J MARTIN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


R T J MARTIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr N Jewell
Mrs C Jewell





SECRETARY: Mrs C Jewell





REGISTERED OFFICE: 7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 03240177 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 103,567 10,852
Investments 7 311,764 309,886
415,331 320,738

CURRENT ASSETS
Stocks 1,801 1,800
Debtors 489,140 534,611
Cash at bank 1,141,925 1,175,053
1,632,866 1,711,464
CREDITORS
Amounts falling due within one year 32,004 119,059
NET CURRENT ASSETS 1,600,862 1,592,405
TOTAL ASSETS LESS CURRENT LIABILITIES 2,016,193 1,913,143

CREDITORS
Amounts falling due after more than one year (923 ) (258 )

PROVISIONS FOR LIABILITIES (25,900 ) (3,000 )
NET ASSETS 1,989,370 1,909,885

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 1,989,365 1,909,880
SHAREHOLDERS' FUNDS 1,989,370 1,909,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2025 and were signed on its behalf by:





Mr N Jewell - Director


R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

R T J Martin 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration date.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

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

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary cost payable for the period of absence.

Long term contracts
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Investments
Fixed asset investments are stated at cost less any provision for diminution in value.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 11,000
AMORTISATION
At 1 October 2023
and 30 September 2024 11,000
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 86,496
Additions 112,494
Disposals (47,350 )
At 30 September 2024 151,640
DEPRECIATION
At 1 October 2023 75,644
Charge for year 15,535
Eliminated on disposal (43,106 )
At 30 September 2024 48,073
NET BOOK VALUE
At 30 September 2024 103,567
At 30 September 2023 10,852

7. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 October 2023 309,886
Dividends received 1,878
At 30 September 2024 311,764
NET BOOK VALUE
At 30 September 2024 311,764
At 30 September 2023 309,886

R T J MARTIN LIMITED (REGISTERED NUMBER: 03240177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:
Totals
£   
Valuation in 2015 1,823
Valuation in 2016 909
Valuation in 2017 1,029
Valuation in 2018 997
Valuation in 2019 1,093
Valuation in 2020 992
Valuation in 2021 626
Valuation in 2022 963
Valuation in 2023 1,454
Valuation in 2024 1,878
Cost 300,000
311,764

Changes in the valuation of fixed asset investments that are older than 10 years have been accumulated within the first valuation period in the breakdown above.

Market value of listed investments at 30 September 2024 is £439,002.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr N Jewell
Balance outstanding at start of year 919 550
Amounts advanced - 45,135
Amounts repaid (200 ) (44,766 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 719 919

9. POST BALANCE SHEET EVENTS

A group restructure took place on 29/10/2024 by way of an MBO. The ultimate parent company as of this date will become R T J Martin Group Holdings Limited.