MARVELL LIMITED - Accounts 2013


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/12/2013

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 4630262


Registered Number: 4630262

BALANCE SHEET AT 31/12/2013

			2013		2012
	Notes		£		£

FIXED ASSETS
Tangible assets	2		253,412		265,975

CURRENT ASSETS
Stock		9,800		4,800
Cash at bank and in hand		119,434		107,811
		129,234		112,611
CREDITORS: Amounts falling due within one year		64,918		66,364
NET CURRENT ASSETS			64,316		46,247
TOTAL ASSETS LESS CURRENT LIABILITIES			317,728		312,222


PROVISIONS FOR LIABILITIES			447		762

NET ASSETS			317,281		311,460

CAPITAL AND RESERVES

Called up share capital	3		100		100
Revaluation reserve	1h,4		40,420		50,633
Profit and loss account			276,761		260,727
SHAREHOLDERS' FUNDS			317,281		311,460

For the year ending 31/12/2013 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 19/08/14 and signed on their behalf by




Chris Marvell
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Commercial Vehicles		reducing balance 25%




1d. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1e. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.




1f. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1h. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 4).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




3. SHARE CAPITAL	2013	2012
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




5. CONTROLLING PARTY
The controlling party is Chrisotpher Marvell, a director of the company by virtue of a controlling interest of 100% of the issued share capital