Abbreviated Company Accounts - MARTEC ASSOCIATES LIMITED

MARTEC ASSOCIATES LIMITED - Company Information

Registered Number 02168687

MARTEC ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2015

MARTEC ASSOCIATES LIMITED Registered Number 02168687

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,992	2,506
		2,992	2,506
Current assets
Debtors		3,111	1,823
Investments		48,611	45,451
Cash at bank and in hand		27,111	25,320
		78,833	72,594
Prepayments and accrued income		1,232	804
Creditors: amounts falling due within one year		(20,398)	(19,262)
Net current assets (liabilities)		59,667	54,136
Total assets less current liabilities		62,659	56,642
Total net assets (liabilities)		62,659	56,642
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		61,659	55,642
Shareholders' funds		62,659	56,642

For the year ending 31 March 2015 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 8 December 2015

And signed on their behalf by:
A D R Thomson, Director

MARTEC ASSOCIATES LIMITED Registered Number 02168687

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 comprises fees invoiced and commissions received and due to the company.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office and computer equipment - 25% per annum of reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	9,182
Additions	1,082
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	10,264
Depreciation
At 1 April 2014	6,676
Charge for the year	596
On disposals	-
At 31 March 2015	7,272
Net book values
At 31 March 2015	2,992
At 31 March 2014	2,506