A. & M.T. McWalter Limited - Period Ending 2018-08-31

A. & M.T. McWalter Limited

Unaudited Financial Statements

31 August 2018

A. & M.T. McWalter Limited

Contents

Accountants' Report	1
Balance Sheet	2

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
A. & M.T. McWalter Limited
for the Year Ended 31 August 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A. & M.T. McWalter Limited for the year ended 31 August 2018 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a 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 at http://www.icaew.com/membershandbook.

This report is made solely to the Board of Directors of A. & M.T. McWalter Limited, as a body, in accordance with the terms of our engagement letter dated 27 April 2018. Our work has been undertaken solely to prepare for your approval the accounts of A. & M.T. McWalter Limited and state those matters that we have agreed to state to the Board of Directors of A. & M.T. McWalter Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. & M.T. McWalter Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A. & M.T. McWalter Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A. & M.T. McWalter Limited. You consider that A. & M.T. McWalter 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 accounts of A. & M.T. McWalter 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 accounts.

Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

29 November 2018

Page 1

A. & M.T. McWalter Limited

(Registration number: 04687806)
Balance Sheet as at 31 August 2018

	2018 £	2017 £
Fixed assets	190,973	231,598
Current assets	161,250	156,268
Prepayments and accrued income	3,320	3,653
Creditors: Amounts falling due within one year	(44,225)	(59,320)
Net current assets	120,345	100,601
Total assets less current liabilities	311,318	332,199
Accruals and deferred income	(12,393)	(1,643)
	298,925	330,556
Capital and reserves	298,925	330,556

Page 2

A. & M.T. McWalter Limited

(Registration number: 04687806)
Balance Sheet as at 31 August 2018 (continued)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Copra Sil
7 Crosthwaite Gardens
KESWICK
CA12 5QF

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2017 - 3).

3	Related party transactions

Transactions with directors

2018	At 1 September 2017 £	Advances £	Repayments £	Dividends credited £	Interest £	At 31 August 2018 £
M T McWalter
	4,869	37,735	(43,085)	-	481	-


A McWalter
	4,868	37,734	(43,082)	-	480	-

2017

At 1 September 2016
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 31 August 2017
£

M T McWalter

-

8,297

(3,428)

-

-

4,869

A McWalter

-

8,296

(3,428)

-

-

4,868

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2.5% on advances to directors.

Page 3

A. & M.T. McWalter Limited

(Registration number: 04687806)
Balance Sheet as at 31 August 2018 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 August 2018 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 29 November 2018 and signed on its behalf by:

.........................................

A McWalter
Director

.........................................

M T McWalter
Company secretary and director

Page 4

2017	At 1 September 2016 £	Advances £	Repayments £	Dividends credited £	Interest £	At 31 August 2017 £
M T McWalter
	-	8,297	(3,428)	-	-	4,869


A McWalter
	-	8,296	(3,428)	-	-	4,868