Company Registration No. 10647188 (England and Wales)
M A Watt Construction LImited
Unaudited accounts
for the year ended 31 March 2023
M A Watt Construction LImited
Unaudited accounts
Contents
M A Watt Construction LImited
Company Information
for the year ended 31 March 2023
Director
Mark Alexander Watt
Company Number
10647188 (England and Wales)
Registered Office
3 SILVER LANE
ROCKBEARE
EXETER
EX5 2LP
ENGLAND
Accountants
TMB Accounting Services
Sedgemoor Cottage
Chilton Polden Hill
Bridgwater
Somerset
TA7 9AH
M A Watt Construction LImited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
8,365
6,909
Creditors: amounts falling due within one year
(13,518)
(148,571)
Net current (liabilities)/assets
(1,026)
6,707
Total assets less current liabilities
(78)
7,893
Creditors: amounts falling due after more than one year
(15,376)
(20,573)
Net liabilities
(15,454)
(12,680)
Called up share capital
(1)
(1)
Profit and loss account
(15,453)
(12,679)
Shareholders' funds
(15,454)
(12,680)
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 3 August 2023 and were signed on its behalf by
Mark Alexander Watt
Director
Company Registration No. 10647188
M A Watt Construction LImited
Notes to the Accounts
for the year ended 31 March 2023
M A Watt Construction LImited is a private company, limited by shares, registered in England and Wales, registration number 10647188. The registered office is 3 SILVER LANE, ROCKBEARE, EXETER, EX5 2LP, 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.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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
18% on reducing balance
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,579
1,100
2,679
At 31 March 2023
1,579
1,100
2,679
At 1 April 2022
741
752
1,493
Charge for the year
151
87
238
At 31 March 2023
892
839
1,731
At 31 March 2023
687
261
948
At 31 March 2022
838
348
1,186
M A Watt Construction LImited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Other debtors
4,127
142,185
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,265
126,448
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).