Company Registration No. 08555346 (England and Wales)
Martha Brook Ltd
Unaudited accounts
for the year ended 31 March 2020
Martha Brook Ltd
Unaudited accounts
Contents
Martha Brook Ltd
Company Information
for the year ended 31 March 2020
Directors
M M Keith
C M Keith
Company Number
08555346 (England and Wales)
Registered Office
Q West
1110 Great West Road
Brentford
Middlesex
TW8 0GP
England
Accountants
Zyla Accountants Limited
41 Braybrook Street
London
W12 0AL
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Martha Brook Ltd
for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Martha Brook Ltd for the year ended
31 March 2020 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
Zyla Accountants Limited
Chartered Accountants
41 Braybrook Street
London
W12 0AL
13 October 2020
Martha Brook Ltd
Statement of financial position
as at
31 March 2020
Tangible assets
16,416
15,547
Inventories
84,146
77,258
Cash at bank and in hand
29,629
63,688
Creditors: amounts falling due within one year
(55,852)
(51,955)
Net current assets
64,340
100,560
Net assets
80,756
116,107
Called up share capital
2
2
Profit and loss account
80,754
116,105
Shareholders' funds
80,756
116,107
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2020 and were signed on its behalf by
M M Keith
Director
Company Registration No. 08555346
Martha Brook Ltd
Notes to the Accounts
for the year ended 31 March 2020
Martha Brook Ltd is a private company, limited by shares, registered in England and Wales, registration number 08555346. The registered office is Q West, 1110 Great West Road, Brentford, Middlesex, TW8 0GP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 - 7 years straight line
Fixtures & fittings
5 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Martha Brook Ltd
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2019
35,532
156
35,688
Additions
6,685
262
6,947
At 31 March 2020
42,217
418
42,635
At 1 April 2019
20,029
112
20,141
Charge for the year
6,025
53
6,078
At 31 March 2020
26,054
165
26,219
At 31 March 2020
16,163
253
16,416
At 31 March 2019
15,503
44
15,547
Finished goods
84,146
77,258
Trade debtors
2,091
5,632
Other debtors
4,326
5,937
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
39,316
33,475
Taxes and social security
8,671
17,880
Loans from directors
270
-
8
Average number of employees
During the year the average number of employees was 11 (2019: 12).
9
Reconciliations on adoption of FRS 102
There have been no adjustments made upon the adoption of Section 1A of FRS 102.