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REGISTERED NUMBER: 06283825 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2024

for

Martin Wyatt Joinery & Building Services
Limited

Martin Wyatt Joinery & Building Services
Limited (Registered number: 06283825)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Martin Wyatt Joinery & Building Services
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Wyatt
Mrs D Wyatt





SECRETARY: Mrs D Wyatt





REGISTERED OFFICE: Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB





REGISTERED NUMBER: 06283825 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Martin Wyatt Joinery & Building Services
Limited (Registered number: 06283825)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,787 22,857

CURRENT ASSETS
Stocks 4,437 4,000
Debtors 5 3,121 1,736
Cash at bank 108,043 74,767
115,601 80,503
CREDITORS
Amounts falling due within one year 6 87,451 59,472
NET CURRENT ASSETS 28,150 21,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,937

43,888

CREDITORS
Amounts falling due after more than one
year

7

(6,724

)

(13,447

)

PROVISIONS FOR LIABILITIES (4,197 ) (4,343 )
NET ASSETS 34,016 26,098

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 33,016 25,098
SHAREHOLDERS' FUNDS 34,016 26,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Martin Wyatt Joinery & Building Services
Limited (Registered number: 06283825)

Statement of Financial Position - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





M Wyatt - Director


Martin Wyatt Joinery & Building Services
Limited (Registered number: 06283825)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Martin Wyatt Joinery & Building Services 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.

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 - 33% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Martin Wyatt Joinery & Building Services
Limited (Registered number: 06283825)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Loans from directors
Any loans from the directors to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 9,968 3,463 47,686 9,797 70,914
DEPRECIATION
At 1 July 2023 9,105 3,199 25,956 9,797 48,057
Charge for year 569 68 5,433 - 6,070
At 30 June 2024 9,674 3,267 31,389 9,797 54,127
NET BOOK VALUE
At 30 June 2024 294 196 16,297 - 16,787
At 30 June 2023 863 264 21,730 - 22,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 360 -
Prepayments 2,761 1,736
3,121 1,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,723 7,508
Trade creditors 1,444 3,773
Tax 20,788 13,013
Social security and other taxes 479 48
VAT 6,575 6,596
Directors' current accounts 50,092 27,284
Accrued expenses 1,350 1,250
87,451 59,472

Martin Wyatt Joinery & Building Services
Limited (Registered number: 06283825)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 6,724 13,447

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,447 20,955

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1,000 1,000