Abbreviated Company Accounts - MARKET MANAGEMENT LIMITED

MARKET MANAGEMENT LIMITED - Company Information

03682650 MARKET MANAGEMENT LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 03682650 2014-04-01 2015-03-31 03682650 2015-03-31 03682650 2014-03-31 03682650 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 03682650 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 03682650

MARKET MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2015

MARKET MANAGEMENT LIMITED Registered Number 03682650

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	7,000	15,000
Tangible assets	3	426	102
		7,426	15,102
Current assets
Debtors	4	291,694	66,592
Cash at bank and in hand		114,465	876
		406,159	67,468
Creditors: amounts falling due within one year		(199,221)	(64,709)
Net current assets (liabilities)		206,938	2,759
Total assets less current liabilities		214,364	17,861
Provisions for liabilities		(85)	(163)
Total net assets (liabilities)		214,279	17,698
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		213,279	16,698
Shareholders' funds		214,279	17,698

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 30 December 2015

And signed on their behalf by:
N Papper, Director

MARKET MANAGEMENT LIMITED Registered Number 03682650

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 represents amounts receivable for services supplied during the year. Commission income is recognised when it becomes payable to the company.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the costless estimated residual value of each asset over its estimated useful life.
Fixtures, fittings and equipment - 33% on cost

Intangible assets amortisation policy
Trademarks
Intangible assets are measured at cost less its residual value and amortised on a systematic basis over its useful economic life with an annual impairment review.
Trademarks - 5% on cost

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed t the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Pension and other post-retirement benefits
The company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charge to the profit and loss account in the period to which they relate.

2Intangible fixed assets

	£
Cost
At 1 April 2014	40,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	40,000
Amortisation
At 1 April 2014	25,000
Charge for the year	8,000
On disposals	-
At 31 March 2015	33,000
Net book values
At 31 March 2015	7,000
At 31 March 2014	15,000

3Tangible fixed assets

	£
Cost
At 1 April 2014	16,196
Additions	639
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	16,835
Depreciation
At 1 April 2014	16,094
Charge for the year	315
On disposals	-
At 31 March 2015	16,409
Net book values
At 31 March 2015	426
At 31 March 2014	102

4Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	51,940	0

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

6Transactions with directors

Name of director receiving advance or credit:	D Papper and N Papper
Description of the transaction:	Loans
Balance at 1 April 2014:	£ 45,646
Advances or credits made:	£ 284,344
Advances or credits repaid:	£ 122,230
Balance at 31 March 2015:	£ 207,760

The loan to directors has an annual interest charge of 4% (2014: 4%).The maximum outstanding during the year was £207,760.
During the year the company paid dividends of £15,000(2014: £83,700) to Mr D Papper and £35,000 (2014: £195,300) to Mrs N Papper.

At the year end the company owed £80,500 to D.K. Underwriting Ltd, a company which Mr D Papper has a material shareholding. The loan is unsecured, interest free and repayable on demand. The balance is disclosed within other loans