Marks and Ayling Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08503541 (England and Wales)

Marks and Ayling Limited

Abbreviated Unaudited Accounts

for the Period

25 April 2013 to 30 June 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S.J. Ayling

S P Marks

SECRETARY:

REGISTERED OFFICE:

Unit 4, Warehead Farm

Halnaker

Chichester

Hampshire

PO18 0NF

REGISTERED NUMBER:

08503541 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

FIXED ASSETS

Tangible assets

2

40,000

CURRENT ASSETS

Stocks

27,171

Debtors

27,282

54,453

CREDITORS

Amounts falling due within one year

86,984

NET CURRENT LIABILITIES

(32,531

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,469

CAPITAL AND RESERVES

Called up share capital

3

40,000

Profit and loss account

(32,531

)

SHAREHOLDERS' FUNDS

7,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 8 September 2014 and were signed on its behalf by:

Mrs S.J. Ayling - 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.

Stocks

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

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

40,000

At 30 June 2014

40,000

NET BOOK VALUE

At 30 June 2014

40,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

40,000

Ordinary shares

1

40,000

40,000 Ordinary shares shares of 1 each were allotted as fully paid as a bonus issue out of reserves during the

period.