Registration number: 02602219

The Martin Sewell Building Company Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

The Martin Sewell Building Company Ltd

Company Information

Directors

Mr M M Sewell H Holloway Mrs CJ Sewell

Registered office

Hungerdown House Fontwell Arundel West Sussex BN18 0ST

Accountants

Blue Spire Limited Chartered AccountantsCawley Priory South Pallant Chichester West Sussex PO19 1SY

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Martin Sewell Building Company Ltd
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Martin Sewell Building Company Ltd for the year ended 30 April 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Martin Sewell Building Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Martin Sewell Building Company Ltd and state those matters that we have agreed to state to the Board of Directors of The Martin Sewell Building Company Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Martin Sewell Building Company Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Martin Sewell Building Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Martin Sewell Building Company Ltd. You consider that The Martin Sewell Building Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Martin Sewell Building Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Chartered Accountants
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

15 September 2025

The Martin Sewell Building Company Ltd

(Registration number: 02602219)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	71,509	46,159
Current assets
Stocks	5	228,648	131,193
Debtors	6	430,773	546,324
Cash at bank and in hand		400,939	168,803
		1,060,360	846,320
Creditors: Amounts falling due within one year	7	(897,741)	(728,037)
Net current assets		162,619	118,283
Total assets less current liabilities		234,128	164,442
Creditors: Amounts falling due after more than one year	7	(8,773)	(20,323)
Provisions for liabilities		(17,877)	(11,540)
Net assets		207,478	132,579
Capital and reserves
Called up share capital	8	1,001	1,001
Retained earnings		206,477	131,578
Shareholders' funds		207,478	132,579

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:
 

......................................... Mr M M Sewell Director

The Martin Sewell Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Hungerdown House
Fontwell
Arundel
West Sussex
BN18 0ST

These financial statements were authorised for issue by the Board on 15 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

The Martin Sewell Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Fixtures and fittings	10% straight line
Motor vehicles	25% reducing balance
Computer equipment	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The Martin Sewell Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 14).

The Martin Sewell Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Plant, fittings and equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	51,319	72,065	123,384
Additions	17,253	29,419	46,672
Disposals	(3,028)	(13,000)	(16,028)
At 30 April 2025	65,544	88,484	154,028
Depreciation
At 1 May 2024	28,708	48,517	77,225
Charge for the year	10,495	6,386	16,881
Eliminated on disposal	(2,814)	(8,773)	(11,587)
At 30 April 2025	36,389	46,130	82,519
Carrying amount
At 30 April 2025	29,155	42,354	71,509
At 30 April 2024	22,611	23,548	46,159

5

Stocks

	2025 £	2024 £
Work in progress	220,648	123,193
Other inventories	8,000	8,000
	228,648	131,193

6

Debtors

Current	2025 £	2024 £
Trade debtors	412,868	532,831
Prepayments	16,442	13,493
Other debtors	1,463	-
	430,773	546,324

The Martin Sewell Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	11,550	17,340
Trade creditors		277,529	214,156
Taxation and social security		322,464	280,379
Accruals and deferred income		176,012	137,746
Other creditors		110,186	78,416
		897,741	728,037

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	8,773	20,323

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	1,000	1,000	1,000	1,000
Ordinary B share of £1 each	1	1	1	1
	1,001	1,001	1,001	1,001

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,773	19,061
Hire purchase contracts	-	1,262
	8,773	20,323

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,288	10,034
Hire purchase contracts	1,262	7,306
	11,550	17,340

The Martin Sewell Building Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £138.60 (2024 - £100.18) per each Ordinary share		138,600		100,175
Interim dividend of £55,000.00 (2024 - £30,000.00) per each Ordinary B share		55,000		30,000
		193,600		130,175

11	Related party transactions

Transactions with directors

2025	At 1 May 2024 £	Advances to director £	Repayments by director £	At 30 April 2025 £
Mr M M Sewell
Amounts due (to)/from director	(33,591)	25,911	(30,312)	(37,992)
Mrs CJ Sewell
Amounts due (to)/from director	(26,289)	5,000	(20,000)	(41,289)
H Holloway
Amounts due (to)/from director	(10,015)	9,000	-	(1,015)

2024	At 1 May 2023 £	Advances to director £	Repayments by director £	At 30 April 2024 £
Mr M M Sewell
Amounts due (to)/from director	(11,789)	38,615	(60,417)	(33,591)
Mrs CJ Sewell
Amounts due (to)/from director	(11,659)	25,440	(40,070)	(26,289)
H Holloway
Amounts due (to)/from director	(5,715)	25,700	(30,000)	(10,015)