Mark Specialist Applications Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07622009 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014

FOR

MARK SPECIALIST APPLICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Bellis

M Lewis

REGISTERED OFFICE:

3 Grove Road

Wrexham

LL11 1DY

REGISTERED NUMBER:

07622009 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

Chartered Accountants

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

2

28,707

12,310

CURRENT ASSETS

Debtors

60,234

108,310

Cash at bank and in hand

88,627

31,910

148,861

140,220

CREDITORS

Amounts falling due within one year

58,851

95,282

NET CURRENT ASSETS

90,010

44,938

TOTAL ASSETS LESS CURRENT LIABILITIES

118,717

57,248

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

118,715

57,246

SHAREHOLDERS' FUNDS

118,717

57,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 April 2015 and were signed on its behalf by:

S Bellis - Director

M Lewis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

20,133

Additions

26,050

At 31 July 2014

46,183

DEPRECIATION

At 1 August 2013

7,823

Charge for year

9,653

At 31 July 2014

17,476

NET BOOK VALUE

At 31 July 2014

28,707

At 31 July 2013

12,310

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

2

Ordinary

1

2

2