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REGISTERED NUMBER: 05706174 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STEVEN MARTIN & ASSOCIATES LIMITED

STEVEN MARTIN & ASSOCIATES LIMITED (REGISTERED NUMBER: 05706174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEVEN MARTIN & ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: S Martin





REGISTERED OFFICE: 33-35 Market Street
Ulverston
Cumbria
LA12 7LR





REGISTERED NUMBER: 05706174 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

STEVEN MARTIN & ASSOCIATES LIMITED (REGISTERED NUMBER: 05706174)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,703 112,183

CURRENT ASSETS
Stocks 135,930 135,930
Debtors 5 30,000 72,000
Cash at bank 59,059 69,850
224,989 277,780
CREDITORS
Amounts falling due within one year 6 131,139 118,718
NET CURRENT ASSETS 93,850 159,062
TOTAL ASSETS LESS CURRENT LIABILITIES 187,553 271,245

CREDITORS
Amounts falling due after more than one
year

7

(58,307

)

(82,434

)

PROVISIONS FOR LIABILITIES (23,426 ) (28,046 )
NET ASSETS 105,820 160,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 105,720 160,665
105,820 160,765

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STEVEN MARTIN & ASSOCIATES LIMITED (REGISTERED NUMBER: 05706174)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2025 and were signed by:





S Martin - Director


STEVEN MARTIN & ASSOCIATES LIMITED (REGISTERED NUMBER: 05706174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Steven Martin & Associates 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
When the outcome of a transaction can be estimated reliably, turnover from financial services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

STEVEN MARTIN & ASSOCIATES LIMITED (REGISTERED NUMBER: 05706174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

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 9 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 15,911 134,709 8,450 159,070
Additions - - 4,395 4,395
At 31 March 2025 15,911 134,709 12,845 163,465
DEPRECIATION
At 1 April 2024 14,614 26,942 5,331 46,887
Charge for year 195 21,553 1,127 22,875
At 31 March 2025 14,809 48,495 6,458 69,762
NET BOOK VALUE
At 31 March 2025 1,102 86,214 6,387 93,703
At 31 March 2024 1,297 107,767 3,119 112,183

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 134,709
DEPRECIATION
At 1 April 2024 26,942
Charge for year 21,553
At 31 March 2025 48,495
NET BOOK VALUE
At 31 March 2025 86,214
At 31 March 2024 107,767

STEVEN MARTIN & ASSOCIATES LIMITED (REGISTERED NUMBER: 05706174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 30,000 70,000
Prepayments and accrued income - 2,000
30,000 72,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans 20,768 21,212
Hire purchase contracts 24,127 24,127
Trade creditors 30,234 22,496
Corporation tax 43,650 29,652
Social security and other taxes 3,724 1,159
Other creditors 580 622
Accrued expenses 8,056 19,450
131,139 118,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 58,307 82,434

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 82,434 106,561

HP finance is secured upon the asset to which the finance relates.

9. RESERVES
Retained
earnings
£   

At 1 April 2024 160,665
Profit for the year 117,346
Dividends (172,291 )
At 31 March 2025 105,720

10. RELATED PARTY DISCLOSURES

Included in other debtors is £30,000 (2024 £70,000) due from Greystead (NW) Limited, a company in which S Martin is a director and shareholder.