Martin James Fireplaces Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09673778

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		15,190		20,296

			15,190		20,296
CURRENT ASSETS
Stocks	6	33,700		41,427
Debtors	7	18,719		5,009
Cash at bank and in hand		6,234		22,912

		58,653		69,348
Creditors: Amounts Falling Due Within One Year	8	(61,144 )		(68,449 )

NET CURRENT ASSETS (LIABILITIES)			(2,491 )		899

TOTAL ASSETS LESS CURRENT LIABILITIES			12,699		21,195

Creditors: Amounts Falling Due After More Than One Year	9		(9,648 )		(13,252 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,886 )		(3,856 )

NET ASSETS			165		4,087

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			65		3,987

SHAREHOLDERS' FUNDS			165		4,087

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Martin James Fireplaces Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A James

Director

20 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Martin James Fireplaces Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09673778 . The registered office is Unit B Daniels Way, Hucknall, Nottingham, Nottinghamshire, NG15 7LL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	33% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Martin James Fireplaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2025	150,000

As at 30 April 2026	150,000

Amortisation
As at 1 May 2025	150,000

As at 30 April 2026	150,000

Net Book Value
As at 30 April 2026	-

As at 1 May 2025	-

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2025	47,495	293	1,549	49,337

As at 30 April 2026	47,495	293	1,549	49,337

Depreciation
As at 1 May 2025	27,342	192	1,507	29,041
Provided during the period	5,039	25	42	5,106

As at 30 April 2026	32,381	217	1,549	34,147

Net Book Value
As at 30 April 2026	15,114	76	-	15,190

As at 1 May 2025	20,153	101	42	20,296

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Martin James Fireplaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

6. Stocks

	2026	2025
	£	£
Stock	33,700	41,427

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	15,688	3,990
Other debtors	3,031	1,019

	18,719	5,009

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,134	4,585
Trade creditors	11,266	19,731
Bank loans and overdrafts	10,486	-
Corporation tax	1,239	4,777
Other taxes and social security	1,111	347
VAT	10,732	6,479
Other creditors	19,427	27,806
Accruals and deferred income	2,749	4,660
Director's loan account	-	64

	61,144	68,449

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	9,648	13,252

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,134	4,585
Later than one year and not later than five years	9,648	13,252

	13,782	17,837

	13,782	17,837

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Martin James Fireplaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

12. Related Party Transactions

At the balance sheet date, the amount owed from the director through the directors loan accounts was £3,011 (2025: £64 owed to the director).

The directors loan accounts are unsecured, interest free and repayable within 9 months and 1 day of the Financial year end.

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