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REGISTERED NUMBER: 06844071 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MCANDREW MARTIN LIMITED

MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCANDREW MARTIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: W I McAndrew
J M Marshall





REGISTERED OFFICE: 1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL





REGISTERED NUMBER: 06844071 (England and Wales)





ACCOUNTANTS: Aequitas Limited
1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL

MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,875 30,625
Tangible assets 5 128,751 88,486
154,626 119,111

CURRENT ASSETS
Stocks 50,100 24,870
Debtors 6 1,232,916 656,071
Cash at bank and in hand 748,546 354,649
2,031,562 1,035,590
CREDITORS
Amounts falling due within one year 7 979,863 361,721
NET CURRENT ASSETS 1,051,699 673,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,325

792,980

CREDITORS
Amounts falling due after more than one
year

8

(372,799

)

(226,987

)

PROVISIONS FOR LIABILITIES 9 (23,253 ) (15,337 )
NET ASSETS 810,273 550,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 810,173 550,556
SHAREHOLDERS' FUNDS 810,273 550,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)

BALANCE SHEET - continued
31 MARCH 2022


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2022 and were signed on its behalf by:




W I McAndrew - Director



J M Marshall - Director


MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

McAndrew Martin 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2021 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 95,000
AMORTISATION
At 1 April 2021 64,375
Charge for year 4,750
At 31 March 2022 69,125
NET BOOK VALUE
At 31 March 2022 25,875
At 31 March 2021 30,625

MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 431,060
Additions 102,096
At 31 March 2022 533,156
DEPRECIATION
At 1 April 2021 342,574
Charge for year 61,831
At 31 March 2022 404,405
NET BOOK VALUE
At 31 March 2022 128,751
At 31 March 2021 88,486

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 1,201,375 605,838
Other debtors 31,541 50,233
1,232,916 656,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 106,272 22,013
Trade creditors 112,924 41,914
Taxation and social security 495,304 286,642
Other creditors 265,363 11,152
979,863 361,721

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 372,799 226,987

9. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax
Accelerated capital allowances 23,253 15,337

MCANDREW MARTIN LIMITED (REGISTERED NUMBER: 06844071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2021 15,337
Provided during year 7,916
Balance at 31 March 2022 23,253

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
£    £   
W I McAndrew
Balance outstanding at start of year 9,000 -
Amounts advanced - 9,000
Amounts repaid (9,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,000