Registered number
07924083
Martin Renewables Limited
Unaudited Filleted Accounts
31 March 2025
Martin Renewables Limited
Registered number: 07924083
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 167,158 178,333
Current assets
Debtors 4 7,687 5,989
Cash at bank and in hand 90,144 60,896
97,831 66,885
Creditors: amounts falling due within one year 5 (11,493) (11,460)
Net current assets 86,338 55,425
Total assets less current liabilities 253,496 233,758
Provisions for liabilities (31,760) (33,883)
Net assets 221,736 199,875
Capital and reserves
Called up share capital 3 3
Profit and loss account 221,733 199,872
Shareholders' funds 221,736 199,875
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D R Martin
Director
Approved by the board on 16 April 2025
Martin Renewables Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of electricity and feed in tariffs. Turnover from the sale of electricity is recognised when the electricity has been generated and has transferred to the buyer. Turnover from feed in tariffs is recognised by reference to when the company is entitled to it under the terms of the feed in tariffs contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 20 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 223,503
At 31 March 2025 223,503
Depreciation
At 1 April 2024 45,170
Charge for the year 11,175
At 31 March 2025 56,345
Net book value
At 31 March 2025 167,158
At 31 March 2024 178,333
4 Debtors 2025 2024
£ £
Trade debtors 7,687 5,989
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 588 -
Taxation and social security costs 8,809 9,489
Other creditors 2,096 1,971
11,493 11,460
6 Controlling party
The company is not under the control of any one individual as there are three equal shareholders who own all of the issued share capital.
7 Other information
Martin Renewables Limited is a private company limited by shares and incorporated in England. Its registered office is:
Corner Cottage
Hempstead
Norwich
NR12 0SH
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