R & S Marton Limited - Accounts to registrar (filleted) - small 18.2
R & S Marton Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| FOR |
| R & S MARTON LIMITED |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| R & S MARTON LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 13 Yorkersgate |
| Malton |
| North Yorkshire |
| YO17 7AA |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| STATEMENT OF FINANCIAL POSITION |
| 31 OCTOBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 OCTOBER 2019 |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on signed by: |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 1. | STATUTORY INFORMATION |
| R & S Marton Limited is a |
| company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
| Goodwill |
| Acquired goodwill is written off in equal annual instalments over its estimated useful economic life |
| of 10 years. This length of time is presumed to be the maximum useful life of goodwill because it is |
| difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of |
| the first full financial year following each acquisition and subsequently as and when necessary if |
| circumstances emerge that indicate that the carrying value may not be recoverable. |
| Tangible fixed assets and depreciation |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated |
| to write off the cost less estimated residual value of each asset over its expected useful life, as |
| follows: |
| Property improvements 10% straight line |
| Plant and machinery 20/25% reducing balance |
| Fixtures, fittings and equipment 25% reducing balance |
| Motor vehicles 25 % reducing balance |
| Stock |
| Stock is valued at the lower of cost and net realisable value. |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 3. | ACCOUNTING POLICIES - continued |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that |
| are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
| probable that they will be recovered against the reversal of deferred tax liabilities or other future |
| taxable profits. |
| Leasing and hire purchase |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets |
| and depreciated over their useful lives. Obligations under such agreements are included in creditors |
| net of the finance charges 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 payable under operating leases are charged against income on a straight line basis over the |
| lease term. |
| 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. |
| Revenue recognition |
| Revenue is recognised as earned when, and to the extent that, the company obtains the right to |
| consideration in exchange for the supply of the goods and services that it provides. It is measured at |
| the fair value of the right to consideration, which represents amounts chargeable to customers but |
| excludes value added tax. |
| Government grants |
| Government grants are recognised in the profit and loss account of the period in respect of which |
| the grant is received. |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2018 |
| and 31 October 2019 |
| AMORTISATION |
| At 1 November 2018 |
| and 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 6. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2019 |
| DEPRECIATION |
| At 1 November 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CURRENT ASSET INVESTMENTS |
| 2019 | 2018 |
| £ | £ |
| Unlisted investments | 7,467 | 6,466 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans repayable in more than 5 years, by instalments |
89,336 |
- |
| R & S MARTON LIMITED (REGISTERED NUMBER: 04862645) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts | 9,277 | 18,044 |
| Hire purchase liabilities are secured by the assets held under the hire purchase agreements. |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2019 |
| and 31 October 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| The above loan is unsecured. £100,000 of the loan is repayable to the director, Mr S R Marton, after |
| more than one year, with the balance repayable on demand (2018: all the loan was repayable on |
| demand). No interest is charged on the loan. |
| 13. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £35,000 (2018 - £33,250) were paid to the director . |