Registered number
09883381
Martin Williams Building And Refurbishment Limited
Filleted Accounts
31 March 2023
Martin Williams Building And Refurbishment Limited
Registered number: 09883381
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,205 10,941
Current assets
Debtors 4 12,330 1,210
Cash at bank and in hand 1,006 17,044
13,336 18,254
Creditors: amounts falling due within one year 5 (19,877) (25,113)
Net current liabilities (6,541) (6,859)
Total assets less current liabilities 1,664 4,082
Provisions for liabilities (1,559) (2,079)
Net assets 105 2,003
Capital and reserves
Called up share capital 100 100
Profit and loss account 5 1,903
Shareholders' funds 105 2,003
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Martin Williams
Director
Approved by the board on 6 October 2023
Martin Williams Building And Refurbishment Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% Reducing balance
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 20% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
including directors
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 6,159 30,351 36,510
At 31 March 2023 6,159 30,351 36,510
Depreciation
At 1 April 2022 5,201 20,368 25,569
Charge for the year 240 2,496 2,736
At 31 March 2023 5,441 22,864 28,305
Net book value
At 31 March 2023 718 7,487 8,205
At 31 March 2022 958 9,983 10,941
4 Debtors 2023 2022
£ £
Trade debtors 11,520 -
Other debtors 810 1,210
12,330 1,210
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 941 -
Trade creditors 5,846 3,267
Taxation and social security costs 10,954 14,735
Other creditors 2,136 7,111
19,877 25,113
6 Other information
Martin Williams Building And Refurbishment Limited is a private company limited by shares and incorporated in England. Its registered office is:
SHMS House
20 Little Park Farm Road
Fareham
Hampshire
PO15 5TD
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