pinacle - Company Accounts (iXBRL 6.0.18)

MARKETING MUSCLE LTD

FILLETED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2019

Company Registration Number - 08783400

KP SIMPSON

Certified Public Accountants

	1.
MARKETING MUSCLE LTD
COMPANY NUMBER - 08783400
Balance sheet as at 31 March 2019

			2019		2018

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		1,383		1,844
Current assets
Debtors	5	7,516		-
Cash at bank and in hand		19,062		40,569
		26,578		40,569
Current liabilities
Creditors - Amounts
falling due within one year	6	27,696		31,607
NET CURRENT (LIABILITIES) ASSETS			(1,118)		8,962
Total assets less current liabilities			265		10,806
Provisions for liabilities
Deferred taxation	7		(263)		(369)
Net assets			2		10,437

	2.
MARKETING MUSCLE LTD
COMPANY NUMBER - 08783400
Balance sheet as at 31 March 2019

			2019		2018
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss account			-		10,435
Shareholders' funds			2		10,437

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2019, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on11 December 2019
and signed on their behalf by:
PAUL MORT
The notes on pages 3 to 5 form an integral part of these accounts.

	3.
MARKETING MUSCLE LTD
Notes to the Financial Statements
For the year ended 31 March 2019
1. General Information

MARKETING MUSCLE LTD is a Private Company, limited by shares, domiciled in England and Wales, registration number 08783400.

The company's registered office is C/O KP SIMPSON, 3RD FLOOR MARTHAS VINEYARD, HEBBURN, NE31 1BE.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 11.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Office and computer equipment - 25% reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and corresponding tax bases used in the computation of the of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

	4.
MARKETING MUSCLE LTD
Notes to the Financial Statements
For the year ended 31 March 2019

3. Employees

The average number of persons employed by the company (including directors) during the year was 2 (2018 - 2).

4. Fixed assets - tangible

	Plant and
	Machinery
	etc.
Fair value	£
At 1 April 2018	4,890
and 31 March 2019
Depreciation
At 1 April 2018	3,046
Charge for year	461
At 31 March 2019	3,507
Net book values
At 31 March 2019	1,383
At 1 April 2018	1,844

	2019		2018
	£		£
5. Debtors
Due within one year:
Other debtors	7,516		-

Included in other debtors are directors' overdrawn current accounts:-
				Maximum
		01:04:18	31:03:19	in year
		£	£	£
Paul Mort		-	3,758	3,758
Lesley Mort		-	3,758	3,758

6. Creditors

Amounts falling due within one year:

Taxation and social security	27,696		31,607
	27,696		31,607

	5.
MARKETING MUSCLE LTD
Notes to the Financial Statements
For the year ended 31 March 2019

	2019		2018
	£		£
7. Deferred taxation
At 1 April 2018	369		369
Credited to profit and loss account	(106)		(166)
At 31 March 2019	263		203
Deferred taxation has been fully provided in respect of:
Accelerated capital allowances	1,383		1,844
8. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary B	2		2

9. Related party transactions

10. Control

Paul Mort, a director, controls the company by virtue of a majority shareholding.

11. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.