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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
Page
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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
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M A Watt Construction LImited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
948 
1,186 
Current assets
Debtors
4,127 
148,369 
Cash at bank and in hand
8,365 
6,909 
12,492 
155,278 
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)
Capital and reserves
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
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M A Watt Construction LImited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 April 2022
741 
752 
1,493 
Charge for the year
151 
87 
238 
At 31 March 2023
892 
839 
1,731 
Net book value
At 31 March 2023
687 
261 
948 
At 31 March 2022
838 
348 
1,186 
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M A Watt Construction LImited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,184 
Other debtors
4,127 
142,185 
4,127 
148,369 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,583 
17,123 
Taxes and social security
7,265 
126,448 
Accruals
670 
5,000 
13,518 
148,571 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,376 
20,573 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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