Company Registration No. 08555346 (England and Wales)
Martha Brook Ltd
Unaudited accounts
for the year ended 31 March 2022
Martha Brook Ltd
Statement of financial position
as at
31 March 2022
Tangible assets
27,212
32,057
Inventories
83,459
92,985
Cash at bank and in hand
25,734
182,357
Creditors: amounts falling due within one year
(169,516)
(88,136)
Net current (liabilities)/assets
(42,066)
199,074
Total assets less current liabilities
(14,854)
231,131
Creditors: amounts falling due after more than one year
(72,301)
(30,000)
Net (liabilities)/assets
(87,155)
201,131
Called up share capital
2
2
Share premium
199,024
199,024
Profit and loss account
(286,181)
2,105
Shareholders' funds
(87,155)
201,131
For the year ending 31 March 2022 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 12 August 2022 and were signed on its behalf by
C M Keith
Director
Company Registration No. 08555346
Martha Brook Ltd
Notes to the Accounts
for the year ended 31 March 2022
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 remained unchanged from the previous year, and also 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 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2021
65,054
705
65,759
Additions
4,020
1,278
5,298
At 31 March 2022
69,074
1,983
71,057
At 1 April 2021
33,438
264
33,702
Charge for the year
9,895
248
10,143
At 31 March 2022
43,333
512
43,845
At 31 March 2022
25,741
1,471
27,212
At 31 March 2021
31,616
441
32,057
Amounts falling due within one year
Trade debtors
2,735
1,794
Accrued income and prepayments
9,391
5,269
Other debtors
6,131
4,805
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
72,281
-
Trade creditors
66,165
57,594
Taxes and social security
19,931
27,708
Other creditors
11,139
2,647
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 15 (2021: 14).