Abbreviated Company Accounts - WILLIAM MARTIN DEVELOPMENTS LTD

WILLIAM MARTIN DEVELOPMENTS LTD - Company Information

05033705 WILLIAM MARTIN DEVELOPMENTS LTD 2015-03-31 false 2014-04-01 2015-03-31 true 05033705 2014-04-01 2015-03-31 05033705 2015-03-31 05033705 2014-03-31 05033705 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05033705 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05033705

WILLIAM MARTIN DEVELOPMENTS LTD

Abbreviated Accounts

31 March 2015

WILLIAM MARTIN DEVELOPMENTS LTD Registered Number 05033705

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,316	10,394
		8,316	10,394
Current assets
Stocks		583,864	-
Debtors		51,925	39,465
Cash at bank and in hand		1,032	-
		636,821	39,465
Creditors: amounts falling due within one year		(628,124)	(27,838)
Net current assets (liabilities)		8,697	11,627
Total assets less current liabilities		17,013	22,021
Total net assets (liabilities)		17,013	22,021
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		16,913	21,921
Shareholders' funds		17,013	22,021

For the year ending 31 March 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 December 2015

And signed on their behalf by:
Mr D M Gunn, Director

WILLIAM MARTIN DEVELOPMENTS LTD Registered Number 05033705

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an assets, less its estimated residual value, over the useful economic life of that asset as follows:-

Plant & Machinery 20% net book value

Other accounting policies
Work in Progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2Tangible fixed assets

	£
Cost
At 1 April 2014	20,300
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	20,300
Depreciation
At 1 April 2014	9,906
Charge for the year	2,078
On disposals	-
At 31 March 2015	11,984
Net book values
At 31 March 2015	8,316
At 31 March 2014	10,394

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100