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Registered number: 12369599

MONAGHAN MARTIN LIMITED

ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

Prepared By:

Mc Governs

Chartered Accountants

24 Westpole Avenue

Cockfosters

Barnet

Herts.

EN4 0AY

MONAGHAN MARTIN LIMITED

ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

DIRECTORS

Phillip Martin

Kevin Thomas Monaghan

Paula Anne Monaghan

SECRETARY

Phillip Martin

REGISTERED OFFICE

Suite 4a, Galley House

Moon Lane

Barnet

Herts

EN5 5YL

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 12369599

ACCOUNTANTS

Mc Governs

Chartered Accountants

24 Westpole Avenue

Cockfosters

Barnet

Herts.

EN4 0AY

MONAGHAN MARTIN LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2026
CONTENTS
		Page
Directors' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

MONAGHAN MARTIN LIMITED

BALANCE SHEET AT 31/03/2026
						2026				2025
		Notes				£				£
FIXED ASSETS
Tangible assets		3				244,840				242,443
CURRENT ASSETS
Stock				-				50,000
Debtors		5		473,226				270,234
Cash at bank and in hand				878,389				315,572
				1,351,615				635,806
CREDITORS: Amounts falling due within one year		6		1,046,537				471,225
NET CURRENT ASSETS						305,078				164,581
TOTAL ASSETS LESS CURRENT LIABILITIES						549,918				407,024
CREDITORS: Amounts falling due after more than one year		7				143,900				154,489
PROVISIONS FOR LIABILITIES AND CHARGES		8				2,210				1,823
NET ASSETS						403,808				250,712
CAPITAL AND RESERVES
Called up share capital		9				250				250
Profit and loss account						403,558				250,462
SHAREHOLDERS' FUNDS						403,808				250,712
For the year ending 31/03/2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/08/2026 and signed on their behalf by
.............................
Kevin Thomas Monaghan
Director

MONAGHAN MARTIN LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/03/2026

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings		straight line 2%
Plant and Machinery		reducing balance 25%
Equipment		reducing balance 25%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES
				2026		2025
				No.		No.
Average number of employees				8		9

MONAGHAN MARTIN LIMITED

3. TANGIBLE FIXED ASSETS
		Land And		Plant and
		Buildings		Machinery		Equipment		Total
		£		£		£		£
Cost
At 01/04/2025		242,548		4,194		13,460		260,202
Additions		8,167		375		2,811		11,353
Disposals		-		-		(1,327)		(1,327)
At 31/03/2026		250,715		4,569		14,944		270,228
Depreciation
At 01/04/2025		9,702		2,115		5,942		17,759
Disposals		-		-		(332)		(332)
For the year		5,014		614		2,333		7,961
At 31/03/2026		14,716		2,729		7,943		25,388
Net Book Amounts
At 31/03/2026		235,999		1,840		7,001		244,840
At 31/03/2025		232,846		2,079		7,518		242,443

4. STOCK				2026		2025
				£		£
Stock comprises:
Stock of materials & WIP				-		50,000
				-		50,000

5. DEBTORS				2026		2025
				£		£
Amounts falling due within one year
Trade debtors				274,174		645
Other debtors				50,084		49,980
Accrued income				148,968		219,609
				473,226		270,234

MONAGHAN MARTIN LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2026		2025
				£		£
UK corporation tax				90,802		8,588
VAT				172,653		123,508
Social security and other taxes				32,481		24,451
Director's current account - K T Monaghan				85		676
Director's current account - P Martin				54		263
Unsecured Bank Loan				2,500		8,840
Mortgage bank loan				5,787		5,787
Trade creditors				463,175		188,967
Pension schemes				-		1,145
Accruals				279,000		14,000
Deferred income				-		95,000
				1,046,537		471,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2026		2025
				£		£
Bank loans (unsecured) >1yr				-		3,660
Bank mortgage loans (secured) >1yr				143,900		150,829
				143,900		154,489

8. PROVISIONS FOR LIABILITIES				2026		2025
				£		£
Deferred taxation				2,210		1,823
				2,210		1,823

MONAGHAN MARTIN LIMITED

9. SHARE CAPITAL				2026		2025
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
100 Class A shares of £1 each				100		100
50 Class B shares of £1 each				50		50
				250		250

10. RELATED PARTY TRANSACTIONS

The amounts included in other debtors relates to a loan to a trading company in which the directors have a beneficial shareholding.