| REGISTERED NUMBER: |
| Martins Publishing Services Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| REGISTERED NUMBER: |
| Martins Publishing Services Limited |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Contents of the Financial Statements |
| for the year ended 31st March 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 7 |
| Martins Publishing Services Limited |
| Company Information |
| for the year ended 31st March 2025 |
| Directors: |
| Secretary: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| Shareholders' funds |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Balance Sheet - continued |
| 31st March 2025 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Notes to the Financial Statements |
| for the year ended 31st March 2025 |
| 1. | Statutory information |
| Martins Publishing Services Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The company is entitled to the exemption under Section 399 of the Companies Act 2006 from the obligation to prepare group accounts. |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
| Turnover arising from equipment leasing is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors, directors' loans, other loans and accruals. |
| Directors' loans (being repayable on demand), trade debtors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | Accounting policies - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Going concern |
| The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2024 - NIL). |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 4. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1st April 2024 |
| Disposals | ( |
) | ( |
) |
| At 31st March 2025 |
| Depreciation |
| At 1st April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| 5. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1st April 2024 |
| and 31st March 2025 |
| Net book value |
| At 31st March 2025 |
| At 31st March 2024 |
| Fixed asset investments are stated at cost less provision for permanent diminution in value. |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Martins Publishing Services Limited (Registered number: SC427227) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | Directors' advances, credits and guarantees |
| The following advances and credits to the director subsisted during the years ended 31st March 2025 and 31st March 2024: |
| 2025 | 2024 |
| Director 1 |
| Balance outstanding at start of year | 47,820 | - |
| Amounts advanced | - | 107,820 |
| Amount repaid | (47,820 | ) | (60,000 | ) |
| - | 47,820 |
| Director 2 |
| Balance outstanding at start of year | 28,052 | - |
| Amounts advanced | - | 28,052 |
| Amount repaid | (28,052 | ) | - |
| - | 28,052 |
| These loans are unsecured, interest has been charged at the official rates published by HMRC and are repayable on demand. |