WILLIAM_MARTIN_COMPLIANCE - Accounts

WILLIAM MARTIN COMPLIANCE LIMITED - Company Information

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Company Registration No. 05277497 (England and Wales)

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

9,376

20,188

Investments

9,426

20,238

Current assets

Debtors

896,255

846,751

Cash at bank and in hand

1,304,864

597,386

2,201,119

1,444,137

Creditors: amounts falling due within one year

(1,254,071)

(1,079,369)

Net current assets

947,048

364,768

Total assets less current liabilities

956,474

385,006

Provisions for liabilities

(39)

(3,772)

956,435

381,234

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

956,335

381,134

Shareholders' funds

956,435

381,234

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2017

D C Wilson

Director

Company Registration No. 05277497

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents fees receivable for services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% straight line

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Revenue recognition

Revenue is recognised when the service has been provided and the company is entitled to the revenue.

1.6

Group accounts

The company is not considered to have control of the entity in which it has a participating interest. The financial statements present information about the company as an individual entity and not about its group.

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 May 2015

34,890

34,940

Additions

4,495

Disposals

(25,256)

At 30 April 2016

14,129

14,179

Depreciation

At 1 May 2015

14,702

On disposals

(17,136)

Charge for the year

7,187

At 30 April 2016

4,753

Net book value

At 30 April 2016

9,376

9,426

At 30 April 2015

20,188

20,238

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

William Martin Firefly Limited

England & Wales

Ordinary B

50.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

William Martin Firefly Limited

Collection of non-hazardous waste

60,181

30,168

WILLIAM MARTIN COMPLIANCE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 5 -

Share capital

2016

2015

Allotted, called up and fully paid

30 'A' Ordinary shares of 50p each

30 'B' Ordinary shares of 50p each

30 'C' Ordinary shares of 50p each

30 'D' Ordinary shares of 50p each

All classes of shares rank pari passu in all respects with the exception that dividends may be declared on any one class of share to the exclusion of others.

During the year the company purchased 10 B shares and 26 C shares with a nominal value of £0.50 per share. The consideration paid for the purchase of these shares amounted to £224,532. The purchase of the shares represented 30% of the total called up share capital. The reason for the purchase was for the benefit of the company's future strategic planning and development.