IRIS Accounts Production v24.2.0.383 06961394 director 30.6.23 29.6.24 29.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069613942023-06-29069613942024-06-29069613942023-06-302024-06-29069613942022-06-29069613942022-06-302023-06-29069613942023-06-2906961394ns15:EnglandWales2023-06-302024-06-2906961394ns14:PoundSterling2023-06-302024-06-2906961394ns10:Director12023-06-302024-06-2906961394ns10:PrivateLimitedCompanyLtd2023-06-302024-06-2906961394ns10:SmallEntities2023-06-302024-06-2906961394ns10:AuditExempt-NoAccountantsReport2023-06-302024-06-2906961394ns10:SmallCompaniesRegimeForDirectorsReport2023-06-302024-06-2906961394ns10:SmallCompaniesRegimeForAccounts2023-06-302024-06-2906961394ns10:AbridgedAccounts2023-06-302024-06-290696139412023-06-302024-06-2906961394ns10:RegisteredOffice2023-06-302024-06-2906961394ns5:CurrentFinancialInstruments2024-06-2906961394ns5:CurrentFinancialInstruments2023-06-2906961394ns5:Non-currentFinancialInstruments2024-06-2906961394ns5:Non-currentFinancialInstruments2023-06-2906961394ns5:ShareCapital2024-06-2906961394ns5:ShareCapital2023-06-2906961394ns5:RetainedEarningsAccumulatedLosses2024-06-2906961394ns5:RetainedEarningsAccumulatedLosses2023-06-2906961394ns5:IntangibleAssetsOtherThanGoodwill2023-06-302024-06-2906961394ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-06-302024-06-2906961394ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-302024-06-2906961394ns5:FurnitureFittings2023-06-302024-06-2906961394ns5:MotorVehicles2023-06-302024-06-2906961394ns5:ComputerEquipment2023-06-302024-06-2906961394ns5:Secured2024-06-2906961394ns5:Secured2023-06-29
REGISTERED NUMBER: 06961394 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 June 2024

for

Martins Chocolatier Limited

Martins Chocolatier Limited (Registered number: 06961394)






Contents of the Financial Statements
for the year ended 29 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Martins Chocolatier Limited

Company Information
for the year ended 29 June 2024







DIRECTOR: P Ahn





REGISTERED OFFICE: Clayton and Brewill
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 06961394 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Martins Chocolatier Limited (Registered number: 06961394)

Abridged Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,710 25,640
Tangible assets 5 454,278 450,038
474,988 475,678

CURRENT ASSETS
Stocks 5,122 159,644
Debtors 42,984 88,610
Cash at bank 233,857 82,538
281,963 330,792
CREDITORS
Amounts falling due within one year 116,804 211,313
NET CURRENT ASSETS 165,159 119,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,147

595,157

CREDITORS
Amounts falling due after more than
one year

6

(254,554

)

(248,887

)

ACCRUALS AND DEFERRED INCOME (1,663 ) (1,626 )
NET ASSETS 383,930 344,644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 383,928 344,642
SHAREHOLDERS' FUNDS 383,930 344,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

Martins Chocolatier Limited (Registered number: 06961394)

Abridged Balance Sheet - continued
29 June 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 Income Statement and an abridged Balance Sheet for the year ended 29 June 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 director and authorised for issue on 27 March 2025 and were signed by:





P Ahn - Director


Martins Chocolatier Limited (Registered number: 06961394)

Notes to the Financial Statements
for the year ended 29 June 2024

1. STATUTORY INFORMATION

Martins Chocolatier 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.

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

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.

Website development costs are being amortised evenly over their estimated useful life of three years.

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.
Freehold property - 2% of cost or valuation
Equipment - 15% per annum straight line
Motor vehicles - 25% reducing balance
Computer equipment - 33% on 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.

Martins Chocolatier Limited (Registered number: 06961394)

Notes to the Financial Statements - continued
for the year ended 29 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 June 2023
and 29 June 2024 35,500
AMORTISATION
At 30 June 2023 9,860
Amortisation for year 4,930
At 29 June 2024 14,790
NET BOOK VALUE

At 29 June 2024 20,710
At 29 June 2023 25,640

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 June 2023 542,160
Additions 44,618
At 29 June 2024 586,778
DEPRECIATION
At 30 June 2023 92,122
Charge for year 40,378
At 29 June 2024 132,500
NET BOOK VALUE
At 29 June 2024 454,278
At 29 June 2023 450,038

The net book value of assets held under finance as at 29th June 2024 is £72,906 (2023 £48,720)

Martins Chocolatier Limited (Registered number: 06961394)

Notes to the Financial Statements - continued
for the year ended 29 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 30 June 2023 79,951
Additions 44,990
At 29 June 2024 124,941
DEPRECIATION
At 30 June 2023 31,231
Charge for year 17,304
At 29 June 2024 48,535
NET BOOK VALUE
At 29 June 2024 76,406
At 29 June 2023 48,720

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 124,839 135,961

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 182,839 193,961
Hire Purchase 81,361 51,060
264,200 245,021

The bank loan and hire purchase are secured on the assets concerned.

8. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 15,596 20,944