Abbreviated Company Accounts - MARSHALL PHILLIPS LTD

MARSHALL PHILLIPS LTD - Company Information

03352084 MARSHALL PHILLIPS LTD 2014-09-30 false 2013-10-01 2014-09-30 true 03352084 2013-10-01 2014-09-30 03352084 2014-09-30 03352084 2013-09-30 03352084 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 03352084 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 03352084

MARSHALL PHILLIPS LTD

Abbreviated Accounts

30 September 2014

MARSHALL PHILLIPS LTD Registered Number 03352084

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	218,335	17,446
		218,335	17,446
Current assets
Stocks		155,000	160,000
Debtors		3,304	273
		158,304	160,273
Creditors: amounts falling due within one year		(21,819)	(25,820)
Net current assets (liabilities)		136,485	134,453
Total assets less current liabilities		354,820	151,899
Creditors: amounts falling due after more than one year		(275,021)	(90,575)
Total net assets (liabilities)		79,799	61,324
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		79,699	61,224
Shareholders' funds		79,799	61,324

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 April 2015

And signed on their behalf by:
Mr N Weise, Director

MARSHALL PHILLIPS LTD Registered Number 03352084

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings and equipment - 20% straight line
Motor vehicles - 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and financial leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating leases are changed against income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 October 2013	42,525
Additions	207,022
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	249,547
Depreciation
At 1 October 2013	25,079
Charge for the year	6,133
On disposals	-
At 30 September 2014	31,212
Net book values
At 30 September 2014	218,335
At 30 September 2013	17,446

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100