Martin Hubbard & Associates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 03670897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

MARTIN HUBBARD & ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Hubbard

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

03670897 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Tangible assets

4

1,478

358

CURRENT ASSETS

Debtors

5

7,364

4,810

Cash at bank

98,733

65,341

106,097

70,151

CREDITORS

Amounts falling due within one year

6

22,194

24,393

NET CURRENT ASSETS

83,903

45,758

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,381

46,116

PROVISIONS FOR LIABILITIES

7

281

68

NET ASSETS

85,100

46,048

CAPITAL AND RESERVES

Called up share capital

8

3

Retained earnings

85,097

46,045

SHAREHOLDERS' FUNDS

85,100

46,048

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12th December 2018 and were signed by:

M J Hubbard - Director

1.	STATUTORY INFORMATION

Martin Hubbard & Associates 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.

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.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st April 2017

805

2,932

3,737

Additions

-

1,227

At 31st March 2018

805

4,159

4,964

DEPRECIATION

At 1st April 2017

554

2,825

3,379

Charge for year

38

69

107

At 31st March 2018

592

2,894

3,486

NET BOOK VALUE

At 31st March 2018

213

1,265

1,478

At 31st March 2017

251

107

358

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

Trade debtors

2,700

2,759

Amounts recoverable on contract

4,356

1,750

Prepayments

308

301

7,364

4,810

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

Trade creditors

946

1,784

Tax

10,904

8,307

Social security and other taxes

-

4,006

Directors' current accounts

8,869

8,821

Accrued expenses

1,475

22,194

24,393

7.	PROVISIONS FOR LIABILITIES

31/3/18

31/3/17

£

Deferred tax

281

68

Deferred

tax

£

Balance at 1st April 2017

68

Accelerated capital allowances

213

Balance at 31st March 2018

281

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/18

31/3/17

value:

£

2

Ordinary

£1

2

1

'A' Ordinary non-voting

£1

1

3

9.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st March 2018 (2017 - none).

10.	CAPITAL COMMITMENTS

31/3/18

31/3/17

£

Contracted but not provided for in the

financial statements

-

11.	ULTIMATE CONTROLLING PARTY

Mr M J Hubbard owns 100% of the issued share capital of the company.