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REGISTERED NUMBER: 06751754 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 30 November 2024

for

G R MARTIN LIMITED

G R MARTIN LIMITED (REGISTERED NUMBER: 06751754)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G R MARTIN LIMITED

Company Information
for the year ended 30 November 2024







DIRECTORS: A C Collinson
Mrs N Collinson





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 06751754 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

G R MARTIN LIMITED (REGISTERED NUMBER: 06751754)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,230 31,534
25,230 31,534

CURRENT ASSETS
Stocks 1,047 8,598
Debtors 6 (34 ) 1,623
Cash at bank 37,755 14,469
38,768 24,690
CREDITORS
Amounts falling due within one year 7 35,428 21,529
NET CURRENT ASSETS 3,340 3,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,570

34,695

CREDITORS
Amounts falling due after more than one year 8 4,290 7,389
NET ASSETS 24,280 27,306

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 24,276 27,302
SHAREHOLDERS' FUNDS 24,280 27,306

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

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

G R MARTIN LIMITED (REGISTERED NUMBER: 06751754)

Balance Sheet - continued
30 November 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 19 March 2025 and were signed on its behalf by:




A C Collinson - Director



Mrs J Martin - Director


G R MARTIN LIMITED (REGISTERED NUMBER: 06751754)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

G R 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

G R MARTIN LIMITED (REGISTERED NUMBER: 06751754)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 20,000
AMORTISATION
At 1 December 2023
and 30 November 2024 20,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 65,914 757 66,671
DEPRECIATION
At 1 December 2023 34,658 479 35,137
Charge for year 6,249 55 6,304
At 30 November 2024 40,907 534 41,441
NET BOOK VALUE
At 30 November 2024 25,007 223 25,230
At 30 November 2023 31,256 278 31,534

G R MARTIN LIMITED (REGISTERED NUMBER: 06751754)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors (2,220 ) -
Other debtors 2,186 1,623
(34 ) 1,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 2,164 2,965
Trade creditors 8,864 5,340
Taxation and social security 20,107 10,701
Other creditors 4,293 2,523
35,428 21,529

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 4,290 7,389