The Marlborough Area Development Trust - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04541920 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

The Marlborough Area Development Trust

(Limited by Guarantee)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Cook

G M Brickell

R N Clarke

R J Pitts

R M Holman

REGISTERED OFFICE:

130 High Street

Marlborough

Wiltshire

SN8 1LZ

REGISTERED NUMBER:

04541920 (England and Wales)

ACCOUNTANTS:

Bew & Co Limited

Chartered Accountants

130 High Street

Marlborough

Wiltshire

SN8 1LZ

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

2,500

2,500

2,500

2,500

CURRENT ASSETS

Debtors

6

-

26

Cash at bank

6,867

6,884

6,867

6,910

NET CURRENT ASSETS

6,867

6,910

TOTAL ASSETS LESS CURRENT LIABILITIES

9,367

9,410

RESERVES

Income and expenditure account

9,367

9,410

9,367

9,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 2nd October 2019 and were signed on its behalf by:

M J Cook - Director

1.	STATUTORY INFORMATION

The Marlborough Area Development Trust is a private company, limited by guarantee , 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 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 represents income derived from the activities of The Marlborough Area Development Trust.

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

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2018

and 31st March 2019

859

1,307

2,166

DEPRECIATION

At 1st April 2018

and 31st March 2019

859

1,307

2,166

NET BOOK VALUE

At 31st March 2019

-

-

-

At 31st March 2018

-

-

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2018

and 31st March 2019

2,500

NET BOOK VALUE

At 31st March 2019

2,500

At 31st March 2018

2,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

-

26

7.	INTANGIBLE INCOME

Accountancy services are provided locally on a free of charge basis.