Mark Bowditch Limited Small abbreviated accounts

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COMPANY REGISTRATION NUMBER 7014765

MARK BOWDITCH LIMITED

ABBREVIATED ACCOUNTS

31 March 2015

MARK BOWDITCH LIMITED

ABBREVIATED BALANCE SHEET

31 March 2015

	2015	2014
Note	£	£	£
FIXED ASSETS	2
Intangible assets		45,833	55,833
Tangible assets		10,897	7,347
Investments		100,000	-
		----------	---------
		156,730	63,180
		----------	---------

CURRENT ASSETS

Debtors	37,256		46,047
Cash at bank and in hand	190,561		277,889
	----------		----------
	227,817		323,936
CREDITORS: Amounts falling due within one year	109,216		103,052
	----------		----------
NET CURRENT ASSETS		118,601	220,884
		----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES		275,331	284,064
		----------	----------

CAPITAL AND RESERVES

Called up equity share capital	3		100	100
Profit and loss account		275,231	283,964
		----------	----------
SHAREHOLDERS' FUNDS		275,331	284,064
		----------	----------

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 15 December 2015 , and are signed on their behalf by:

Mr M G Bowditch

Company Registration Number: 7014765

MARK BOWDITCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - Over 10 years at cost

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles - 255 on reducing balance

Equipment - 25% on reducing balance

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2. FIXED ASSETS

Intangible Assets	Tangible Assets	Investments	Total
£	£	£	£

COST

At 1 April 2014	100,000	14,392	–	114,392
Additions	–	16,550	100,000	116,550
Disposals	–	( 11,063)	–	( 11,063)
	----------	---------	----------	----------
At 31 March 2015	100,000	19,879	100,000	219,879
	----------	---------	----------	----------

DEPRECIATION

At 1 April 2014	44,167	7,045	–	51,212
Charge for year	10,000	4,309	–	14,309
On disposals	–	( 2,372)	–	( 2,372)
	---------	-------	----	---------
At 31 March 2015	54,167	8,982	–	63,149
	---------	-------	----	---------

NET BOOK VALUE

At 31 March 2015	45,833	10,897	100,000	156,730
	---------	---------	----------	----------

At 31 March 2014	55,833	7,347	–	63,180
	---------	---------	----------	----------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No	£	No	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----
	100	100	100	100
	----	----	----	----