Abbreviated Company Accounts - MARKITS (UK) LTD

Registered Number 04947571

MARKITS (UK) LTD

Abbreviated Accounts

31 October 2014

MARKITS (UK) LTD Registered Number 04947571

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	4,200	4,500
Tangible assets	3	37,729	44,654
		41,929	49,154
Current assets
Stocks		23,725	22,500
Debtors		4,667	4,424
Cash at bank and in hand		38,139	15,725
		66,531	42,649
Creditors: amounts falling due within one year		(33,086)	(26,195)
Net current assets (liabilities)		33,445	16,454
Total assets less current liabilities		75,374	65,608
Total net assets (liabilities)		75,374	65,608
Capital and reserves
Called up share capital		1	1
Profit and loss account		75,373	65,607
Shareholders' funds		75,374	65,608

For the year ending 31 October 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 23 July 2015

And signed on their behalf by:
Mr ML Arscott, Director

MARKITS (UK) LTD Registered Number 04947571

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

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

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Land & buildings freehold - 4% per annum - straight line.
Plant & machinery - 25% per annum - reducing balance.
Fixtures, fittings & equipment - 25% per annum - reducing balance.

Intangible assets amortisation policy
Over the estimated useful life: 25 years.

2Intangible fixed assets

	£
Cost
At 1 November 2013	7,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	7,500
Amortisation
At 1 November 2013	3,000
Charge for the year	300
On disposals	-
At 31 October 2014	3,300
Net book values
At 31 October 2014	4,200
At 31 October 2013	4,500

3Tangible fixed assets

	£
Cost
At 1 November 2013	143,544
Additions	2,197
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	145,741
Depreciation
At 1 November 2013	98,890
Charge for the year	9,122
On disposals	-
At 31 October 2014	108,012
Net book values
At 31 October 2014	37,729
At 31 October 2013	44,654