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REGISTERED NUMBER: 03989749 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025

FOR

MARTIN LEANING MASTS & RIGGING LIMITED

MARTIN LEANING MASTS & RIGGING LIMITED (REGISTERED NUMBER: 03989749)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARTIN LEANING MASTS & RIGGING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025







DIRECTORS: Mr M Leaning
Mrs C F Fiddaman





REGISTERED OFFICE: 22 Pagham Gardens
Sandy Point
Hayling Island
Hampshire
PO11 9SS





REGISTERED NUMBER: 03989749 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

MARTIN LEANING MASTS & RIGGING LIMITED (REGISTERED NUMBER: 03989749)

BALANCE SHEET
31 MARCH 2025

2025 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 8,921
- 8,921

CURRENT ASSETS
Stocks - 106,002
Debtors 6 76,616 19,646
Investments 7 - 259
Cash at bank 98,679 175,994
175,295 301,901
CREDITORS
Amounts falling due within one year 8 42,219 71,161
NET CURRENT ASSETS 133,076 230,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,076

239,661

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 132,956 239,541
SHAREHOLDERS' FUNDS 133,076 239,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

MARTIN LEANING MASTS & RIGGING LIMITED (REGISTERED NUMBER: 03989749)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:




Mr M Leaning - Director



Mrs C F Fiddaman - Director


MARTIN LEANING MASTS & RIGGING LIMITED (REGISTERED NUMBER: 03989749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


1. STATUTORY INFORMATION

Martin Leaning Masts & Rigging 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. 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 represents amounts receivable for mast and rigging services and supplies.

Intangible assets
Computer software is being amortised evenly over its estimated useful life of 4 years.

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

Stocks
Stocks and work in progress 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

MARTIN LEANING MASTS & RIGGING LIMITED (REGISTERED NUMBER: 03989749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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

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.

Investments
Investments are shown at market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023 2,756
Disposals (2,756 )
At 31 March 2025 -
AMORTISATION
At 1 December 2023 2,756
Eliminated on disposal (2,756 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 30 November 2023 -

MARTIN LEANING MASTS & RIGGING LIMITED (REGISTERED NUMBER: 03989749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Plant and Motor Working
machinery vehicles boats Totals
£    £    £    £   
COST
At 1 December 2023 21,780 37,774 6,300 65,854
Disposals (21,780 ) (37,774 ) (6,300 ) (65,854 )
At 31 March 2025 - - - -
DEPRECIATION
At 1 December 2023 17,715 33,184 6,034 56,933
Eliminated on disposal (17,715 ) (33,184 ) (6,034 ) (56,933 )
At 31 March 2025 - - - -
NET BOOK VALUE
At 31 March 2025 - - - -
At 30 November 2023 4,065 4,590 266 8,921

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade debtors - 12,729
Other debtors 76,616 6,917
76,616 19,646

7. CURRENT ASSET INVESTMENTS
2025 2023
£    £   
Listed investments - 259

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts - 1
Trade creditors - 26,833
Taxation and social security - 18,154
Other creditors 42,219 26,173
42,219 71,161