Company registration number 02172067 (England and Wales)
Martrad Limited
financial statements
For the year ended 31 July 2025
Martrad Limited
Company information
Directors
M B Richards FCA
M D Harrison
Secretary
M B Richards FCA
Company number
02172067
Registered office
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN
Auditor
DJH Audit Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN
Martrad Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 6
Martrad Limited
Statement of financial position
As at 31 July 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
35,515
44,307
Current assets
Debtors
5
2,289,460
2,811,534
Cash at bank and in hand
4,443,316
3,632,619
6,732,776
6,444,153
Creditors: amounts falling due within one year
6
(193,537)
(177,381)
Net current assets
6,539,239
6,266,772
Total assets less current liabilities
6,574,754
6,311,079
Provisions for liabilities
(443,392)
(452,538)
Net assets
6,131,362
5,858,541
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss reserves
6,031,362
5,758,541
Total equity
6,131,362
5,858,541

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
M D Harrison
Director
Company registration number 02172067 (England and Wales)
Martrad Limited
Notes to the financial statements
For the year ended 31 July 2025
- 2 -
1
Accounting policies
Company information

Martrad Limited is a private company limited by shares incorporated in England and Wales. The company's registered number is 02172067 and its registered office is The Exchange, 5 Bank Street, Bury, BL9 0DN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors believe that the company is well placed to face the risks at these challenging times and true therefore continues to adopt a going concern basis in preparing these financial statements.

1.3
Turnover

Turnover represents rental of equipment, finance lease interest and loan interest, excluding value added tax.

All of the income from finance leasing and hire purchase contracts, being the excess of total rentals received over the cost of net investment in finance lease and hire purchase contracts, is recognized in the income statement based on a pattern that reflects a constant periodic rate of return on the lessor's net investment in the finance lease. The method adopted is the actuarial method.

The total net investment in finance leases and hire purchase contracts included in the statement of financial position represents total lease payments receivable net of finance lease and hire purchase contract income relating to future accounting periods. Amounts written off the net investment in such leases are calculated to write off the cost over the primary periods of the contracts.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Fixtures and fittings
33% on cost
Computers
20% on reducing balance
Motor vehicles
20% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognized in the income statement when the change arises.

Martrad Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Martrad Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

1.9

Dividends

Equity dividends are recognized when they become legally payable and are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

The directors use judgement to provide against bad debts using knowledge of customers and experience. The provisions are revisited after the statement of financial position date to ensure appropriate.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
Martrad Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
118,244
Additions
1,118
At 31 July 2025
119,362
Depreciation and impairment
At 1 August 2024
73,937
Depreciation charged in the year
9,910
At 31 July 2025
83,847
Carrying amount
At 31 July 2025
35,515
At 31 July 2024
44,307
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
11,358
28,037
Other debtors
719,121
889,086
730,479
917,123
2025
2024
Amounts falling due after more than one year:
£
£
Trade debtors
1,558,981
1,894,411
Total debtors
2,289,460
2,811,534

Of the amounts due after one year, £1,537,694 is due within 1-5 years (202 4: £1,870,226) and £21,287 is due after 5 years (202 4: £24,185).

Martrad Limited
Notes to the financial statements (continued)
For the year ended 31 July 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,226
21,216
Taxation and social security
176,126
144,177
Other creditors
10,185
11,988
193,537
177,381
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mr Richard Bell
Statutory Auditor:
DJH Audit Limited
Date of audit report:
24 October 2025
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