Registered number
SC301538
JOHN MARTIN & SON CONTRACTORS LTD
Filleted Accounts
30 April 2025
JOHN MARTIN & SON CONTRACTORS LTD
Registered number: SC301538
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 97,758 133,559
Current assets
Stocks 1,000 1,000
Debtors 4 26,646 6,360
Cash at bank and in hand 6,690 2,679
34,336 10,039
Creditors: amounts falling due within one year 5 (131,951) (109,502)
Net current liabilities (97,615) (99,463)
Total assets less current liabilities 143 34,096
Creditors: amounts falling due after more than one year 6 (7,581) (28,977)
Provisions for liabilities (23,240) (32,114)
Net liabilities (30,678) (26,995)
Capital and reserves
Called up share capital 1 1
Profit and loss account (30,679) (26,996)
Shareholders' funds (30,678) (26,995)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
William John Martin
Director
Approved by the board on 29 August 2025
JOHN MARTIN & SON CONTRACTORS LTD
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% of cost
Office equipment 15% of cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Office equipment Total
£ £ £
Cost
At 1 May 2024 530,862 6,531 537,393
Additions 15,825 - 15,825
At 30 April 2025 546,687 6,531 553,218
Depreciation
At 1 May 2024 399,186 4,648 403,834
Charge for the year 51,077 549 51,626
At 30 April 2025 450,263 5,197 455,460
Net book value
At 30 April 2025 96,424 1,334 97,758
At 30 April 2024 131,676 1,883 133,559
4 Debtors 2025 2024
£ £
Trade debtors 26,646 6,360
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,404 10,142
Obligations under finance lease and hire purchase contracts 5,145 11,924
Trade creditors 46,255 50,531
Taxation and social security costs 33,964 (721)
Other creditors 36,183 37,626
131,951 109,502
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 4,402 -
Obligations under finance lease and hire purchase contracts 3,179 28,977
7,581 28,977
7 Other information
JOHN MARTIN & SON CONTRACTORS LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
Kerrnowe
Gartocharn
Alexandria
G83 8SB
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