William Martin Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05033705 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

WILLIAM MARTIN DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

Directors:

D Gunn

D M Gunn

Secretary:

D M Gunn

Registered office:

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Registered number:

05033705 (England and Wales)

Accountants:

Haines Watts

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Fixed assets

Tangible assets

4

11,389

14,237

Current assets

Stocks

5

361,221

801,498

Debtors

6

244,110

231,135

Cash at bank

476

2,861

605,807

1,035,494

Creditors

Amounts falling due within one year

7

131,348

763,394

Net current assets

474,459

272,100

Total assets less current liabilities

485,848

286,337

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

485,748

286,237

Shareholders' funds

485,848

286,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2018 and were signed on its behalf by:

D M Gunn - Director

1.	Statutory information

William Martin Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

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

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 tax. Tax is recognised in the Profit and Loss Account, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

3.	Employees and directors

The average number of employees during the year was 2 (2017 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 April 2017

and 31 March 2018

22,244

Depreciation

At 1 April 2017

8,007

Charge for year

2,848

At 31 March 2018

10,855

Net book value

At 31 March 2018

11,389

At 31 March 2017

14,237

5.

Stocks

2018

2017

£

£

Work-in-progress

361,221

801,498

6.

Debtors: amounts falling due within one year

2018

2017

£

£

Other debtors

225,000

225,000

VAT

8,423

6,135

Prepayments

10,687

-

244,110

231,135

7.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

24,750

23,156

Tax

52,170

42,593

Directors' current accounts

52,578

695,620

Accruals and deferred income

1,850

2,025

131,348

763,394

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary Shares

1

100

100

9.

Reserves

Retained

earnings

£

At 1 April 2017

286,237

Profit for the year

219,011

Dividends

(19,500

)

At 31 March 2018

485,748

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of William Martin Developments Ltd for the year ended 31 March 2018 which comprise the Profit

and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of William Martin Developments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of William Martin Developments Ltd and state those matters that we have agreed to state to the Board of Directors of William Martin Developments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than William Martin Developments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that William Martin Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of William Martin Developments Ltd. You consider that William Martin Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of William Martin Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Aissela

46 High Street

Esher

Surrey

KT10 9QY

19 December 2018