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Registration number: 09358033

J P Martin & Son Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2026

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 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 19,970 | 26,758
Current assets |  |  |
Stocks | 5 | 28,006 | 14,279
Debtors | 6 | 29,652 | 13,308
Cash at bank and in hand |  | 12,926 | 71,549
|  | 70,584 | 99,136
Creditors: Amounts falling due within one year | 7 | (68,128) | (95,917)
Net current assets |  | 2,456 | 3,219
Total assets less current liabilities |  | 22,426 | 29,977
Creditors: Amounts falling due after more than one year | 7 | (925) | (6,538)
Net assets |  | 21,501 | 23,439
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 21,401 | 23,339
Shareholders' funds |  | 21,501 | 23,439

For the financial year ending 31 January 2026 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 7 August 2026

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

J P Martin & Son Ltd

Statement of Changes in Equity for the Year Ended 31 January 2026

| Share capital £ | Retained earnings £ | Total £
At 1 February 2025 | 100 | 23,339 | 23,439
Profit for the year | - | 21,134 | 21,134
Dividends | - | (23,072) | (23,072)
At 31 January 2026 | 100 | 21,401 | 21,501

| Share capital £ | Retained earnings £ | Total £
At 1 February 2024 | 100 | 6,274 | 6,374
Profit for the year | - | 17,065 | 17,065
At 31 January 2025 | 100 | 23,339 | 23,439

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

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 7 August 2026.

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 2026

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 2026

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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 2).

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 February 2025 | 6,320 | 33,405 | 39,725
Disposals | (415) | - | (415)
At 31 January 2026 | 5,905 | 33,405 | 39,310
Depreciation
At 1 February 2025 | 4,616 | 8,351 | 12,967
Charge for the year | 393 | 6,264 | 6,657
Eliminated on disposal | (284) | - | (284)
At 31 January 2026 | 4,725 | 14,615 | 19,340
Carrying amount
At 31 January 2026 | 1,180 | 18,790 | 19,970
At 31 January 2025 | 1,704 | 25,054 | 26,758

5 | Stocks

| 2026 £ | 2025 £
Work in progress | 25,506 | 9,279
Other inventories | 2,500 | 5,000
| 28,006 | 14,279

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 29,127 | 10,969
Prepayments | 525 | 1,971
Other debtors | - | 368
| 29,652 | 13,308

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 2026

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | 6,549 | 7,956
Taxation and social security | 10,288 | 637
Accruals and deferred income | 1,787 | 4,070
Other creditors | 49,504 | 83,254
| 68,128 | 95,917

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 9 | 925 | 6,538

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary Share 1 of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 925 | 6,538

10 | Dividends

|  | 2026 |  | 2025
|  | £ |  | £
Interim dividend of £230.72 (2025 - £Nil) per ordinary share |  | 23,073 |  | -

11 | Related party transactions

J P Martin & Son Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Director's remuneration

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

| 2026 £ | 2025 £
Remuneration | 17,178 | 33,622
Contributions paid to money purchase schemes | 26,080 | -
| 43,258 | 33,622