Martinfield Limited - Accounts to registrar (filleted) - small 18.2

Martinfield Limited - Accounts to registrar (filleted) - small 18.2

MARTINFIELD LIMITED - Company Information

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REGISTERED NUMBER: 01689011 (England and Wales)















MARTINFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019





Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP








MARTINFIELD LIMITED (REGISTERED NUMBER: 01689011)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019










Page

Company Information 1

Accountants' Report 2

Abridged Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


MARTINFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DIRECTORS: J A Pape
K J Pape





SECRETARY: J A Pape





REGISTERED OFFICE: Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP





REGISTERED NUMBER: 01689011 (England and Wales)





ACCOUNTANTS: Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Page 1
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARTINFIELD LIMITED


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 Statement of Financial Position. 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 Martinfield Limited for the year ended 31st March 2019 which comprise the
Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity 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 Martinfield Limited, 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 Martinfield Limited and state those matters that we have agreed to state to the Board of Directors of Martinfield Limited, 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 Martinfield Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Martinfield Limited 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 loss of Martinfield Limited. You consider that Martinfield Limited 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 Martinfield Limited. 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.






Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


19th December 2019

This page does not form part of the statutory financial statements

Page 2
MARTINFIELD LIMITED (REGISTERED NUMBER: 01689011)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST MARCH 2019

2019 2018
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investments 5 315 315
315 315

CURRENT ASSETS
Inventories 15,229 12,838
Debtors 972 4,481
Cash at bank 94 891
16,295 18,210
CREDITORS
Amounts falling due within one year (13,206 ) (14,997 )
NET CURRENT ASSETS 3,089 3,213
TOTAL ASSETS LESS CURRENT LIABILITIES 3,404 3,528

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 3,304 3,428
SHAREHOLDERS' FUNDS 3,404 3,528

The notes form part of these financial statements

Page 3
MARTINFIELD LIMITED (REGISTERED NUMBER: 01689011)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2019


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 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 17th December 2019 and were signed
on its behalf by:





J A Pape - Director


The notes form part of these financial statements

Page 4
MARTINFIELD LIMITED (REGISTERED NUMBER: 01689011)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019


1. STATUTORY INFORMATION

Martinfield Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost
convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these
financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other
taxes of sales made during the year.

Revenue recognition
Revenue is recognised in the profit and loss account at the date to which the royalty relates.

Revenue is recognised in the profit and loss account for recharged expenses as the costs are incurred.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes
recognised in . the income statement. Derivative financial instruments are initially recorded at cost and
thereafter at fair value with changes recognised in the income statement.


Page 5
MARTINFIELD LIMITED (REGISTERED NUMBER: 01689011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019


3. ACCOUNTING POLICIES - continued
Tax
Tax 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 tax 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 material 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.

Going concern
The directors have undertaken to continue their financial support of the company for the foreseeable
future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st April 2018
and 31st March 2019 2,609
Depreciation
At 1st April 2018
and 31st March 2019 2,609
Net book value
At 31st March 2019 -
At 31st March 2018 -

Page 6
MARTINFIELD LIMITED (REGISTERED NUMBER: 01689011)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1st April 2018
and 31st March 2019 315
Net book value
At 31st March 2019 315
At 31st March 2018 315

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

Page 7