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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
Page
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D Martin Welding Ltd Company Information for the year ended 31 August 2024
Director
David Martin
Secretary
Karen Martin
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
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D Martin Welding Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,998 
54,127 
Current assets
Debtors
267,116 
320,820 
Cash at bank and in hand
208,118 
269,215 
475,234 
590,035 
Creditors: amounts falling due within one year
(63,799)
(152,819)
Net current assets
411,435 
437,216 
Net assets
484,433 
491,343 
Capital and reserves
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
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D Martin Welding Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
47,000 
At 31 August 2024
47,000 
Amortisation
At 1 September 2023
47,000 
At 31 August 2024
47,000 
Net book value
At 31 August 2024
- 
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.
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D Martin Welding Ltd Notes to the Accounts for the year ended 31 August 2024
5
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 
Depreciation
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 
Net book value
At 31 August 2024
2,653 
70,345 
72,998 
At 31 August 2023
4,567 
49,560 
54,127 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
267,116 
320,820 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,125 
15,458 
Trade creditors
41,106 
50,726 
Taxes and social security
10,941 
78,725 
Loans from directors
5,627 
5,627 
Accruals
1,000 
2,283 
63,799 
152,819 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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