| REGISTERED NUMBER: |
| MARC WHEATLEY CONSTRUCTION LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| REGISTERED NUMBER: |
| MARC WHEATLEY CONSTRUCTION LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MARC WHEATLEY CONSTRUCTION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Excel House |
| Millbrook Lane |
| Wragby |
| Market Rasen |
| Lincolnshire |
| LN8 5AB |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| ABRIDGED BALANCE SHEET |
| 28 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Inventories |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The director acknowledges his 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. |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| ABRIDGED BALANCE SHEET - continued |
| 28 MARCH 2025 |
| The financial statements were approved by the director and authorised for issue on |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Marc Wheatley Construction Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Property, plant and equipment |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Inventories |
| Inventories 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 Statement of Income and Retained Earnings, 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 29 March 2024 |
| and 28 March 2025 |
| AMORTISATION |
| At 29 March 2024 |
| and 28 March 2025 |
| NET BOOK VALUE |
| At 28 March 2025 |
| At 28 March 2024 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Totals |
| £ |
| COST |
| At 29 March 2024 |
| Additions |
| Disposals | ( |
) |
| At 28 March 2025 |
| DEPRECIATION |
| At 29 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 March 2025 |
| NET BOOK VALUE |
| At 28 March 2025 |
| At 28 March 2024 |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| 5. | PROPERTY, PLANT AND EQUIPMENT - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 29 March 2024 | 153,909 |
| Additions | 245,091 |
| Disposals | (72,900 | ) |
| At 28 March 2025 | 326,100 |
| DEPRECIATION |
| At 29 March 2024 | 59,514 |
| Charge for year | 48,832 |
| Eliminated on disposal | (15,947 | ) |
| At 28 March 2025 | 92,399 |
| NET BOOK VALUE |
| At 28 March 2025 | 233,701 |
| At 28 March 2024 | 94,395 |
| 6. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2025 | 2024 |
| £ | £ |
| Investment scooters | 43,256 | 43,256 |
| Investment watches | 49,063 | 49,063 |
| 92,319 | 92,319 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 29 March 2024 |
| and 28 March 2025 |
| NET BOOK VALUE |
| At 28 March 2025 |
| At 28 March 2024 |
| Investment property was valued on an open market basis on 28 March 2023 by the director. |
| MARC WHEATLEY CONSTRUCTION LIMITED (REGISTERED NUMBER: 07978235) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 MARCH 2025 |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 28 March 2025 and 28 March 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| All advances made to directors are unsecured, repayable on demand and with no interest charged. |