Company Registration No. 7342201 (England and Wales)
D Martin Welding Ltd
Unaudited accounts
for the year ended 31 August 2024
D Martin Welding Ltd
Unaudited accounts
Contents
D Martin Welding Ltd
Company Information
for the year ended 31 August 2024
Company Number
7342201 (England and Wales)
Registered Office
Unit 40, Young's Industrial Estate
Paices Hill, Aldermaston
READING
Berks
RG7 4PW
Accountants
Witcombs
1 Anglesey Cottages
The Ring
Stalbridge
DT10 2NE
D Martin Welding Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
72,998
54,127
Cash at bank and in hand
208,118
269,215
Creditors: amounts falling due within one year
(63,799)
(152,819)
Net current assets
411,435
437,216
Net assets
484,433
491,343
Called up share capital
100
100
Profit and loss account
484,333
491,243
Shareholders' funds
484,433
491,343
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2025 and were signed on its behalf by
David Martin
Director
Company Registration No. 7342201
D Martin Welding Ltd
Notes to the Accounts
for the year ended 31 August 2024
D Martin Welding Ltd is a private company, limited by shares, registered in England and Wales, registration number 7342201. The registered office is Unit 40, Young's Industrial Estate, Paices Hill, Aldermaston, READING, Berks, RG7 4PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
At 1 September 2023
47,000
At 1 September 2023
47,000
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
D Martin Welding Ltd
Notes to the Accounts
for the year ended 31 August 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
15,183
116,010
131,193
Additions
907
68,287
69,194
Disposals
-
(50,270)
(50,270)
At 31 August 2024
16,090
134,027
150,117
At 1 September 2023
10,616
66,450
77,066
Charge for the year
2,821
27,394
30,215
On disposals
-
(30,162)
(30,162)
At 31 August 2024
13,437
63,682
77,119
At 31 August 2024
2,653
70,345
72,998
At 31 August 2023
4,567
49,560
54,127
Amounts falling due within one year
Trade debtors
267,116
320,820
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
41,106
50,726
Taxes and social security
10,941
78,725
Loans from directors
5,627
5,627
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Average number of employees
During the year the average number of employees was 2 (2023: 2).