Martin Hart Shopfitting Limited 31/03/2025 iXBRL

Company registration number: 5336627

Martin Hart Shopfitting Limited

Unaudited filleted financial statements

31 March 2025

Martin Hart Shopfitting Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Martin Hart Shopfitting Limited

Directors and other information


	Directors	Mr Martin Hart
		Mrs Alison Hart


	Secretary	Alison Hart


	Company number	5336627


	Registered office	Suite 4 Europa Way
		Britannia Enterprise Park
		Lichfield
		Staffordshire
		WS14 9TZ


	Business address	Unit 3 Middlemore Business Park
		Middlemore Lane West
		Aldridge
		Walsall
		WS9 8BG


	Accountants	Lindley & Co
		Suite 4 Europa House
		Europa Way
		Lichfield
		Staffordshire
		WS14 9TZ




	Bankers	Lloyds TSB
		Birmingham Road
		Sutton Coldfield
		West Midlands

Martin Hart Shopfitting Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Martin Hart Shopfitting Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Martin Hart Shopfitting Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Martin Hart Shopfitting Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Martin Hart Shopfitting Limited and state those matters that we have agreed to state to the board of directors of Martin Hart Shopfitting Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Martin Hart Shopfitting Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Martin Hart Shopfitting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Martin Hart Shopfitting Limited. You consider that Martin Hart Shopfitting Limited 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 financial statements of Martin Hart Shopfitting Limited. 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 financial statements.

Lindley & Co

Chartered Certified Accountants

Suite 4 Europa House

Europa Way

Lichfield

Staffordshire

WS14 9TZ

1 December 2025

Martin Hart Shopfitting Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	491,143		499,973
		_______		_______
			491,143		499,973

Current assets
Stocks		58,304		58,304
Debtors	6	305,813		271,051
Cash at bank and in hand		1,118,311		970,862
		_______		_______
		1,482,428		1,300,217
Creditors: amounts falling due
within one year	7	( 821,345)		( 1,019,710)
		_______		_______
Net current assets			661,083		280,507
			_______		_______
Total assets less current liabilities			1,152,226		780,480

Creditors: amounts falling due
after more than one year	8		( 3,577)		( 28,675)

Provisions for liabilities			( 45,362)		( 47,572)

			_______		_______
Net assets			1,103,287		704,233
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			1,103,285		704,231
			_______		_______
Shareholders funds			1,103,287		704,233
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 01 December 2025 , and are signed on behalf of the board by:

Mr Martin Hart

Director

Company registration number: 5336627

Martin Hart Shopfitting Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	2	561,580	561,582

Profit for the year		298,051	298,051
	_______	_______	_______
Total comprehensive income for the year	-	298,051	298,051

Dividends paid and payable		( 155,400)	( 155,400)
	_______	_______	_______
Total investments by and distributions to owners	-	( 155,400)	( 155,400)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	2	704,231	704,233

Profit for the year		545,154	545,154
	_______	_______	_______
Total comprehensive income for the year	-	545,154	545,154

Dividends paid and payable		( 146,100)	( 146,100)
	_______	_______	_______
Total investments by and distributions to owners	-	( 146,100)	( 146,100)

	_______	_______	_______
At 31 March 2025	2	1,103,285	1,103,287
	_______	_______	_______

Martin Hart Shopfitting Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Martin Hart Shopfitting Limited, Suite 4 Europa Way, Britannia Enterprise Park, Lichfield, Staffordshire, WS14 9TZ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

No depreciation is provided on the buildings element of freehold property as the directors believe the property is maintained to such a standard that its residual value is in excess of cost and any element of depreciation would therefore be immaterial.


Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 14 (2024: 14 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	430,000	54,400	31,920	96,872	613,192
Additions	-	-	-	37,150	37,150
Disposals	-	-	-	( 23,800)	( 23,800)
	_______	_______	_______	_______	_______
At 31 March 2025	430,000	54,400	31,920	110,222	626,542
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	44,487	25,765	42,967	113,219
Charge for the year	-	4,168	2,478	21,459	28,105
Disposals	-	-	-	( 5,925)	( 5,925)
	_______	_______	_______	_______	_______
At 31 March 2025	-	48,655	28,243	58,501	135,399
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	430,000	5,745	3,677	51,721	491,143
	_______	_______	_______	_______	_______
At 31 March 2024	430,000	9,913	6,155	53,905	499,973
	_______	_______	_______	_______	_______

Investment property

Included within the above is investment property measured at fair value as follows:

		£
	At 1 April 2024 and 31 March 2025	430,000
		_______

Investment properties were valued by the directors at 31 March 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 March 2025
Aggregate cost	309,694	309,694
Aggregate depreciation	-	-
	_______	_______
Carrying amount	309,694	309,694
	_______	_______

At 31 March 2024
Aggregate cost	309,694	309,694
Aggregate depreciation	-	-
	_______	_______
Carrying amount	309,694	309,694
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	289,471	253,821
Other debtors	16,342	17,230
	_______	_______
	305,813	271,051
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	361,043	533,692
Corporation tax	201,198	117,716
Social security and other taxes	209,864	325,082
Other creditors	39,240	33,220
	_______	_______
	821,345	1,019,710
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,760	12,439
Other creditors	1,817	16,236
	_______	_______
	3,577	28,675
	_______	_______

The bank loans are unsecured and are repayable by instalments.

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Martin Hart	( 290)	27,324	( 27,500)	( 466)
	Mrs Alison Hart	( 290)	27,324	( 27,500)	( 466)
		_______	_______	_______	_______
		( 580)	54,648	( 55,000)	( 932)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Martin Hart	( 200)	( 90)	-	( 290)
	Mrs Alison Hart	( 200)	( 90)	-	( 290)
		_______	_______	_______	_______
		( 400)	( 180)	-	( 580)
		_______	_______	_______	_______

10. Related party transactions

During the year the company paid rent of £32,600 to the Hart Family SSAS.Dividends of £146,100 were paid to the directors during the year.

11. Controlling party

The company is controlled by Martin and Alison Hart who own 100% of the issued share capital.