REGISTERED NUMBER: 03891129 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

W J MARTIN BUILDING CONTRACTORS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Martin

W J Martin

SECRETARY:

S J Martin

REGISTERED OFFICE:

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

REGISTERED NUMBER:

03891129 (England and Wales)

ACCOUNTANTS:

Charles Lamb

Chartered Accountants

3 Blacklands Crescent

Forest Row

East Sussex

RH18 5NN

FIXED ASSETS

Tangible assets

4

31,170

17,588

Investments

5

126,137

126,137

Investment property

6

495,000

535,000

652,307

678,725

CURRENT ASSETS

Stocks

35,000

53,750

Debtors

7

647,709

579,227

Cash at bank

517,335

272,434

1,200,044

905,411

CREDITORS

Amounts falling due within one year

8

657,521

461,804

NET CURRENT ASSETS

542,523

443,607

TOTAL ASSETS LESS CURRENT LIABILITIES

1,194,830

1,122,332

PROVISIONS FOR LIABILITIES

7,793

9,505

NET ASSETS

1,187,037

1,112,827

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,187,035

1,112,825

SHAREHOLDERS' FUNDS

1,187,037

1,112,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 28 October 2025 and were signed on its behalf by:

S J Martin - Director

1.	STATUTORY INFORMATION

W J Martin Building Contractors Ltd 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 as modified by the revaluation of certain assets.

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

-

15% on cost

Motor vehicles

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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.

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2023

51,710

102,485

154,195

Additions

21,512

-

21,512

Disposals

(8,258

)

-

(8,258

)

At 31 March 2024

64,964

102,485

167,449

DEPRECIATION

At 1 April 2023

34,122

102,485

136,607

Charge for year

7,930

-

7,930

Eliminated on disposal

(8,258

)

-

(8,258

)

At 31 March 2024

33,794

102,485

136,279

NET BOOK VALUE

At 31 March 2024

31,170

-

31,170

At 31 March 2023

17,588

-

17,588

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2023

and 31 March 2024

126,137

NET BOOK VALUE

At 31 March 2024

126,137

At 31 March 2023

126,137

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2023

535,000

Revaluations

(40,000

)

At 31 March 2024

495,000

NET BOOK VALUE

At 31 March 2024

495,000

At 31 March 2023

535,000

Fair value at 31 March 2024 is represented by:

£

Valuation in 2018

(1,014

)

Valuation in 2021

(18,942

)

Valuation in 2022

40,000

Valuation in 2023

15,000

Valuation in 2024

(40,000

)

Cost

499,956

495,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

499,956

499,956

Investment property was valued on an open market basis on 31 March 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

54,578

119

Other debtors

593,131

579,108

647,709

579,227

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

25,364

45,936

Taxation and social security

206,369

143,042

Other creditors

425,788

272,826

657,521

461,804

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024

2023

£

£

W J Martin and S J Martin

Balance outstanding at start of year

(116,535

)

(176,804

)

Amounts advanced

298,855

216,576

Amounts repaid

(154,801

)

(156,307

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,519

(116,535

)

10.	RELATED PARTY DISCLOSURES