Mark Antony Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06845472 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Mark Antony Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Hill

SECRETARY:

G J Hill

REGISTERED OFFICE:

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

REGISTERED NUMBER:

06845472 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

98,879

117,777

98,879

117,777

CURRENT ASSETS

Stocks

7,500

16,500

Debtors

6

4,990

22,693

Cash at bank and in hand

3,352

3,130

15,842

42,323

CREDITORS

Amounts falling due within one year

7

34,384

67,282

NET CURRENT LIABILITIES

(18,542

)

(24,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,337

92,818

CREDITORS

Amounts falling due after more than one year

8

(50,725

)

(54,300

)

PROVISIONS FOR LIABILITIES

(8,203

)

(10,272

)

NET ASSETS

21,409

28,246

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,309

28,146

SHAREHOLDERS' FUNDS

21,409

28,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2021 and were signed by:

M Hill - Director

1.	STATUTORY INFORMATION

Mark Antony Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost, straight line over 3 years and straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

12,000

AMORTISATION

At 1 April 2019

and 31 March 2020

12,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

212,121

Additions

1,942

Disposals

(11,897

)

At 31 March 2020

202,166

DEPRECIATION

At 1 April 2019

94,344

Charge for year

16,076

Eliminated on disposal

(7,133

)

At 31 March 2020

103,287

NET BOOK VALUE

At 31 March 2020

98,879

At 31 March 2019

117,777

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2019

92,313

Disposals

(11,897

)

At 31 March 2020

80,416

DEPRECIATION

At 1 April 2019

52,646

Charge for year

10,234

Eliminated on disposal

(7,133

)

At 31 March 2020

55,747

NET BOOK VALUE

At 31 March 2020

24,669

At 31 March 2019

39,667

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

3,120

20,823

Other debtors

1,870

1,870

4,990

22,693

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

76

-

Hire purchase contracts (see note 9)

3,900

8,812

Trade creditors

3,179

14,285

Taxation and social security

5,922

10,890

Other creditors

21,307

33,295

34,384

67,282

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Hire purchase contracts (see note 9)

10,725

14,300

Other creditors

40,000

40,000

50,725

54,300

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.20

31.3.19

£

£

Gross obligations repayable:

Within one year

4,588

10,121

Between one and five years

12,618

16,823

17,206

26,944

Finance charges repayable:

Within one year

688

1,309

Between one and five years

1,893

2,523

2,581

3,832

Net obligations repayable:

Within one year

3,900

8,812

Between one and five years

10,725

14,300

14,625

23,112