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REGISTERED NUMBER: 04657983 (England and Wales)









Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Martin Payne Ltd

Martin Payne Ltd (Registered number: 04657983)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Martin Payne Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTOR: M Payne





REGISTERED OFFICE: First Floor Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA





REGISTERED NUMBER: 04657983 (England and Wales)





ACCOUNTANTS: A J Wheeler Limited T/A Howard Smith & Co
338 London Road
Portsmouth
Hampshire
PO2 9JY

Martin Payne Ltd (Registered number: 04657983)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,185 29,474
22,185 29,474

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 6 49,736 53,380
Cash at bank 307,769 392,588
361,505 449,968
CREDITORS
Amounts falling due within one year 7 37,862 73,042
NET CURRENT ASSETS 323,643 376,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,828

406,400

PROVISIONS FOR LIABILITIES 5,546 7,368
NET ASSETS 340,282 399,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 340,182 398,932
SHAREHOLDERS' FUNDS 340,282 399,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 13 July 2025 and were signed by:



M Payne - Director


Martin Payne Ltd (Registered number: 04657983)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Martin Payne Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

Martin Payne Ltd (Registered number: 04657983)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 25,000
AMORTISATION
At 1 March 2024
and 28 February 2025 25,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024
and 28 February 2025 8,447 62,712 666 71,825
DEPRECIATION
At 1 March 2024 6,861 34,824 666 42,351
Charge for year 317 6,972 - 7,289
At 28 February 2025 7,178 41,796 666 49,640
NET BOOK VALUE
At 28 February 2025 1,269 20,916 - 22,185
At 29 February 2024 1,586 27,888 - 29,474

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 28,495 49,000
Other debtors 21,241 4,380
49,736 53,380

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 18,864 12,983
Taxation and social security 13,219 47,514
Other creditors 5,779 12,545
37,862 73,042

Martin Payne Ltd (Registered number: 04657983)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

8. RELATED PARTY DISCLOSURES

The balance owed to the director at 28 February 2025 was £2,864 (2024 - £11,470) and this amount is included in other creditors.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Payne.