Steven Martin & Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05706174 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Steven Martin & Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

Mr S Martin

REGISTERED OFFICE:

33-35 Market Street

Ulverston

Cumbria

LA12 7LR

REGISTERED NUMBER:

05706174 (England and Wales)

ACCOUNTANTS:

R F Miller & Co Ltd

Doubletree Court

10a Cavendish Street

Ulverston

Cumbria

LA12 7AD

FIXED ASSETS

Tangible assets

4

78,337

93,703

CURRENT ASSETS

Stocks

135,930

Debtors

5

75,000

30,000

Cash at bank

56,089

59,059

267,019

224,989

CREDITORS

Amounts falling due within one year

6

165,100

131,139

NET CURRENT ASSETS

101,919

93,850

TOTAL ASSETS LESS CURRENT
LIABILITIES

180,256

187,553

CREDITORS

Amounts falling due after more than one
year

7

(40,848

)

(58,307

)

PROVISIONS FOR LIABILITIES

(19,584

)

(23,426

)

NET ASSETS

119,824

105,820

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

119,724

105,720

SHAREHOLDERS' FUNDS

119,824

105,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2026 and were signed by:

Mr S Martin - Director

1.	STATUTORY INFORMATION

Steven Martin & Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2025

15,911

134,709

12,845

163,465

Additions

-

3,414

At 31 March 2026

15,911

134,709

16,259

166,879

DEPRECIATION

At 1 April 2025

14,809

48,495

6,458

69,762

Charge for year

166

17,243

1,371

18,780

At 31 March 2026

14,975

65,738

7,829

88,542

NET BOOK VALUE

At 31 March 2026

936

68,971

8,430

78,337

At 31 March 2025

1,102

86,214

6,387

93,703

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

134,709

DEPRECIATION

At 1 April 2025

48,495

Charge for year

17,243

At 31 March 2026

65,738

NET BOOK VALUE

At 31 March 2026

68,971

At 31 March 2025

86,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other debtors

75,000

30,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Other loans

29,589

20,768

Hire purchase contracts

22,632

24,127

Trade creditors

37,874

30,232

Tax

63,336

43,650

Social security and other taxes

3,819

3,724

Other creditors

730

580

Accrued expenses

7,120

8,058

165,100

131,139

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Hire purchase contracts

40,848

58,307

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

59

A Ordinary

£1

59

1

B Ordinary

£1

1

35

C Ordinary

£1

35

3

D Ordinary

£1

3

1

E ordinary

£1

1

F Ordinary

£1

1

100

9.

RESERVES

Retained

earnings

£

At 1 April 2025

105,720

Profit for the year

178,760

Dividends

(164,756

)

At 31 March 2026

119,724

10.	RELATED PARTY DISCLOSURES

Included within debtors is a loan from the company to Greystead NW Ltd, a company in which Mr S Martin is a director and shareholder, of £75,000 (2025 - £30,000).

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 March 2026 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.

R F Miller & Co Ltd

Doubletree Court

10a Cavendish Street

Ulverston

Cumbria

LA12 7AD

30 April 2026