Marx Insurance Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02002529 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 5 April 2015

for

Marx Insurance Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Duffy

SECRETARY:

Mrs A J Duffy

REGISTERED OFFICE:

114 Town Row

West Derby

Liverpool

Merseyside

L12 8SN

REGISTERED NUMBER:

02002529 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

2

156,875

157,016

CURRENT ASSETS

Debtors

430,035

424,233

Cash at bank and in hand

7,718

31,072

437,753

455,305

CREDITORS

Amounts falling due within one year

3

151,635

165,584

NET CURRENT ASSETS

286,118

289,721

TOTAL ASSETS LESS CURRENT LIABILITIES

442,993

446,737

PROVISIONS FOR LIABILITIES

648

432

NET ASSETS

442,345

446,305

CAPITAL AND RESERVES

Called up share capital

4

1,200

1,200

Revaluation reserve

115,000

115,000

Profit and loss account

326,145

330,105

SHAREHOLDERS' FUNDS

442,345

446,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2015 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 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 director on 16 September 2015 and were signed by:

M Duffy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of

certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, 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.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

In the opinion of the company's director, the market value of the freehold property is in excess of its net book value

and therefore no depreciation has been provided.

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

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 OR VALUATION

At 6 April 2014

192,129

Additions

1,917

At 5 April 2015

194,046

DEPRECIATION

At 6 April 2014

35,113

Charge for year

2,058

At 5 April 2015

37,171

NET BOOK VALUE

At 5 April 2015

156,875

At 5 April 2014

157,016

3.

CREDITORS

Creditors include an amount of £ 9,125 (5.4.14 - £ 4,519 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.15

5.4.14

value:

£

£

1,200

Ordinary

£1

1,200

1,200

5.	ULTIMATE PARENT COMPANY