Registration number: 09358033

J P Martin & Son Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 9

J P Martin & Son Ltd

Company Information

Director

Mr Jason Martin

Registered office

Roscarrick Hornick Hill High Street St Austell PL26 7TR

Accountants

Peter Williams & Co Chartered Certified AccountantsLatham Park St Blazey Road Par Cornwall PL24 2HY

J P Martin & Son Ltd

(Registration number: 09358033)
Balance Sheet as at 31 January 2025

	Note	2025 £
Fixed assets
Tangible assets	4	26,758
Current assets
Stocks	5	14,279
Debtors	6	13,309
Cash at bank and in hand		71,549
		99,137
Creditors: Amounts falling due within one year	7	(95,917)
Net current assets		3,220
Total assets less current liabilities		29,978
Creditors: Amounts falling due after more than one year	7	(6,538)
Net assets		23,440
Capital and reserves
Called up share capital	8	100
Retained earnings		23,340
Shareholders' funds		23,440

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 October 2025
 

......................................... Mr Jason Martin Director

J P Martin & Son Ltd

Statement of Changes in Equity for the Year Ended 31 January 2025

	Share capital £	Retained earnings £	Total £
At 1 February 2024	100	6,274	6,374
Profit for the year	-	17,066	17,066
At 31 January 2025	100	23,340	23,440

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
Roscarrick
Hornick Hill
High Street
St Austell
PL26 7TR

These financial statements were authorised for issue by the director on 29 October 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 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.

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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:

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

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2.

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	6,251	52,711	58,962
Additions	306	33,405	33,711
Disposals	(237)	(52,711)	(52,948)
At 31 January 2025	6,320	33,405	39,725
Depreciation
At 1 February 2024	4,107	30,512	34,619
Charge for the year	568	8,351	8,919
Eliminated on disposal	(59)	(30,512)	(30,571)
At 31 January 2025	4,616	8,351	12,967
Carrying amount
At 31 January 2025	1,704	25,054	26,758

5

Stocks

	2025 £
Work in progress	9,279
Other inventories	5,000
	14,279

6

Debtors

Current	2025 £
Trade debtors	10,969
Prepayments	1,972
Other debtors	368
	13,309

7

Creditors

Creditors: amounts falling due within one year

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

	2025 £
Due within one year
Trade creditors	7,956
Taxation and social security	637
Accruals and deferred income	4,070
Other creditors	83,254
	95,917

Creditors: amounts falling due after more than one year

	Note	2025 £
Due after one year
Loans and borrowings	9	6,538

8	Share capital

Allotted, called up and fully paid shares

	2025
	No.	£
Ordinary Share 1 of £1 each	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £
Bank borrowings	6,538

10	Related party transactions

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £
Remuneration	33,622