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REGISTERED NUMBER: 05195994 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

MARTINS OF YORK LIMITED

MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARTINS OF YORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: J W Martin
Mrs C Naismith





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 05195994 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,141,194 1,202,882
1,141,194 1,202,882

CURRENT ASSETS
Debtors 6 1,348,279 1,284,938
Cash at bank and in hand 189,938 268,855
1,538,217 1,553,793
CREDITORS
Amounts falling due within one year 7 858,565 820,997
NET CURRENT ASSETS 679,652 732,796
TOTAL ASSETS LESS CURRENT LIABILITIES 1,820,846 1,935,678

CREDITORS
Amounts falling due after more than one year 8 (539,953 ) (823,569 )

PROVISIONS FOR LIABILITIES (191,377 ) (206,428 )
NET ASSETS 1,089,516 905,681

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Undistributable reserve 10 456,456 456,456
Retained earnings 632,060 448,225
SHAREHOLDERS' FUNDS 1,089,516 905,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:




J W Martin - Director



Mrs C Naismith - Director


MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)

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

1. STATUTORY INFORMATION

Martins Of York 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the right to consideration becomes due.

Goodwill
Goodwill was amortised over fifteen years and is now fully amortised.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. 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 or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 99,000
AMORTISATION
At 1st October 2023
and 30th September 2024 99,000
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1st October 2023 625,000 67,874 1,160,402
Additions - - 75,550
At 30th September 2024 625,000 67,874 1,235,952
DEPRECIATION
At 1st October 2023 - 52,319 911,983
Charge for year - 8,047 125,756
Transfer to ownership - - -
At 30th September 2024 - 60,366 1,037,739
NET BOOK VALUE
At 30th September 2024 625,000 7,508 198,213
At 30th September 2023 625,000 15,555 248,419

MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st October 2023 1,325,614 13,567 3,192,457
Additions 146,980 - 222,530
At 30th September 2024 1,472,594 13,567 3,414,987
DEPRECIATION
At 1st October 2023 1,012,723 12,550 1,989,575
Charge for year 154,732 683 289,218
Transfer to ownership (5,000 ) - (5,000 )
At 30th September 2024 1,162,455 13,233 2,273,793
NET BOOK VALUE
At 30th September 2024 310,139 334 1,141,194
At 30th September 2023 312,891 1,017 1,202,882

Cost or valuation at 30th September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 595,000 - 595,000
Cost 30,000 2,789,987 2,819,987
625,000 2,789,987 3,414,987


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 535,476 555,264
Other debtors 812,803 729,674
1,348,279 1,284,938

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,000
Hire purchase contracts 156,137 158,921
Trade creditors 223,245 201,401
Taxation and social security 139,018 123,798
Other creditors 330,165 327,877
858,565 820,997

MARTINS OF YORK LIMITED (REGISTERED NUMBER: 05195994)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,336 18,406
Hire purchase contracts 410,157 425,123
Other creditors 122,460 380,040
539,953 823,569

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 17,336 27,406

The following securities are in place with Nat West Bank Plc.

Charge created 14/02/2008
Land at Osbaldwick waste water treatment works, Outgang Lane, York - Contains a Legal charge which covers all of the property or undertaking of the company.

Charge created 19/07/2006
Debenture on a mortgage - Contains Fixed & Floating charge which covers all of the property or undertaking of the company.

10. RESERVES
Undistributabl
reserve
£   
At 1st October 2023
and 30th September 2024 456,456

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, three of the Directors received loans from the company.

The company made advances totalling £216,353 (2023 - £99,227) and this was offset by credits totalling £200,816 (2023 - £105,744).

At the balance sheet date, the amount owed to the company was £527,732 (2023 - £512,195) and is included within other debtors.

Interest has been charged at the HMRC official rate of interest and the loans are repayable on demand.