Martin James Swimming Ltd 04921305 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is fitness facilities Digita Accounts Production Advanced 6.30.9574.0 true true 04921305 2024-11-01 2025-10-31 04921305 2025-10-31 04921305 bus:Director1 1 2025-10-31 04921305 bus:OrdinaryShareClass1 2025-10-31 04921305 core:RetainedEarningsAccumulatedLosses 2025-10-31 04921305 core:ShareCapital 2025-10-31 04921305 core:CurrentFinancialInstruments 2025-10-31 04921305 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 04921305 core:Goodwill 2025-10-31 04921305 core:PlantMachinery 2025-10-31 04921305 bus:SmallEntities 2024-11-01 2025-10-31 04921305 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 04921305 bus:FullAccounts 2024-11-01 2025-10-31 04921305 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 04921305 bus:RegisteredOffice 2024-11-01 2025-10-31 04921305 bus:Director1 2024-11-01 2025-10-31 04921305 bus:Director1 1 2024-11-01 2025-10-31 04921305 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 04921305 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 04921305 core:Goodwill 2024-11-01 2025-10-31 04921305 core:PlantMachinery 2024-11-01 2025-10-31 04921305 countries:EnglandWales 2024-11-01 2025-10-31 04921305 2024-10-31 04921305 bus:Director1 1 2024-10-31 04921305 core:Goodwill 2024-10-31 04921305 core:PlantMachinery 2024-10-31 04921305 2023-11-01 2024-10-31 04921305 2024-10-31 04921305 bus:Director1 1 2024-10-31 04921305 bus:OrdinaryShareClass1 2024-10-31 04921305 core:RetainedEarningsAccumulatedLosses 2024-10-31 04921305 core:ShareCapital 2024-10-31 04921305 core:CurrentFinancialInstruments 2024-10-31 04921305 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04921305 core:PlantMachinery 2024-10-31 04921305 bus:Director1 1 2023-11-01 2024-10-31 04921305 bus:Director1 1 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Filleted

Registration number: 04921305

Martin James Swimming Ltd
trading as Martin James Swimming Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2025

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Company Information

Director | Mr Martin Robert James

Registered office | 5 Beechwood Place Narberth Pembrokeshire SA67 7EE

Martin James Swimming Ltd
trading as Martin James Swimming Limited

(Registration number: 04921305)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 6 | - | 637
Current assets |  |  |
Cash at bank and in hand |  | 538 | 420
Creditors: Amounts falling due within one year | 8 | (2,741) | (3,082)
Net current liabilities |  | (2,203) | (2,662)
Net liabilities |  | (2,203) | (2,025)
Capital and reserves |  |  |
Called up share capital |  | 10 | 10
Profit and loss account |  | (2,213) | (2,035)
Total equity |  | (2,203) | (2,025)

For the financial year ending 31 October 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 11 November 2025

......................................... Mr Martin Robert James Director |  |

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1 | General information

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

The address of its registered office is:
5 Beechwood Place
Narberth
Pembrokeshire
SA67 7EE

These financial statements were authorised for issue by the director on 11 November 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Notes to the Financial Statements for the Year Ended 31 October 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:

Asset class | Depreciation method and rate
Equipment | 25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | fully amortised

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.

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.

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.

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 212 | 212

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 32,000 | 32,000
At 31 October 2025 | 32,000 | 32,000
Amortisation
At 1 November 2024 | 32,000 | 32,000
At 31 October 2025 | 32,000 | 32,000
Carrying amount
At 31 October 2025 | - | -

Revalued assets for the year ended 31 October 2024

6 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 November 2024 | 13,820 | 13,820
Disposals | (849) | (849)
At 31 October 2025 | 12,971 | 12,971
Depreciation
At 1 November 2024 | 13,184 | 13,184
Charge for the year | 212 | 212
Eliminated on disposal | (425) | (425)
At 31 October 2025 | 12,971 | 12,971
Carrying amount
At 31 October 2025 | - | -
At 31 October 2024 | 637 | 637

7 | Debtors

| 2025 £ | 2024 £
| - | -

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Directors' loan accounts | 10 | 1,945 | 2,287
Other creditors |  | 796 | 795
|  | 2,741 | 3,082

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share class 1 of £1 each | 10 | 10 | 10 | 10

Martin James Swimming Ltd
trading as Martin James Swimming Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

10 | Related party transactions

Transactions with directors

2025 | At 1 November 2024 £ | Advances to director £ | Repayments by director £ | At 31 October 2025 £
Mr Martin Robert James
Interest free loan repayable on demand | 2,287 | (2,248) | 1,906 | 1,945

2024 | At 1 November 2023 £ | Advances to director £ | Repayments by director £ | At 31 October 2024 £
Mr Martin Robert James
Interest free loan repayable on demand | 53 | (4,362) | 6,596 | 2,287