REGISTERED NUMBER: 01035308 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Martin Woolman Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L Gallafent

REGISTERED OFFICE:

Unit 12

Martinfield Business Centre

Martinfield

Welwyn Garden City

Hertfordshire

AL7 1HG

REGISTERED NUMBER:

01035308 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Tangible assets

5

322,288

157,917

CURRENT ASSETS

Stocks

6

203,023

280,783

Debtors

7

1,009,216

750,280

Cash at bank

422,151

470,899

1,634,390

1,501,962

CREDITORS

Amounts falling due within one year

8

221,472

249,682

NET CURRENT ASSETS

1,412,918

1,252,280

TOTAL ASSETS LESS CURRENT LIABILITIES

1,735,206

1,410,197

CREDITORS

Amounts falling due after more than one year

9

(82,650

)

-

PROVISIONS FOR LIABILITIES

(80,342

)

(39,199

)

NET ASSETS

1,572,214

1,370,998

CAPITAL AND RESERVES

Called up share capital

11,112

11,112

Share premium

28,890

28,890

Retained earnings

1,532,212

1,330,996

SHAREHOLDERS' FUNDS

1,572,214

1,370,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

Mrs L Gallafent - Director

1.	STATUTORY INFORMATION

Martin Woolman 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery

-

25% Reducing balance

Fixtures and fittings

-

15% reducing balance method

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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 items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

292,686

45,198

-

23,183

361,067

Additions

47,273

3,222

153,477

-

203,972

Disposals

(9,025

)

-

-

-

(9,025

)

At 31 March 2025

330,934

48,420

153,477

23,183

556,014

DEPRECIATION

At 1 April 2024

140,715

42,595

-

19,840

203,150

Charge for year

37,793

390

-

1,418

39,601

Eliminated on disposal

(9,025

)

-

-

-

(9,025

)

At 31 March 2025

169,483

42,985

-

21,258

233,726

NET BOOK VALUE

At 31 March 2025

161,451

5,435

153,477

1,925

322,288

At 31 March 2024

151,971

2,603

-

3,343

157,917

6.

STOCKS

31/3/25

31/3/24

£

£

Raw materials

35,873

63,913

Work-in-progress

167,150

216,870

203,023

280,783

The stock figure is stated after stock provisions of £51,043 (2024: £51,043).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

196,372

151,796

Amounts owed by group undertakings

745,076

589,752

Other debtors

67,768

8,732

1,009,216

750,280

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

29,850

-

Trade creditors

106,942

134,867

Taxation and social security

72,814

102,985

Other creditors

11,866

11,830

221,472

249,682

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

82,650

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

112,500

-

Hire purchase liabilities are secured against the asset relevant asset.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Martin-Woolman Holdings Limited.

The ultimate controlling party is Ms L Gallafent by virtue of her shareholding in the above company.