Abbreviated Company Accounts - MARSHALL PHILLIPS LTD

MARSHALL PHILLIPS LTD - Company Information

03352084 MARSHALL PHILLIPS LTD 2015-09-30 false 2014-10-01 2015-09-30 true 03352084 2014-10-01 2015-09-30 03352084 2015-09-30 03352084 2014-09-30 03352084 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 03352084 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 03352084

MARSHALL PHILLIPS LTD

Abbreviated Accounts

30 September 2015

MARSHALL PHILLIPS LTD Registered Number 03352084

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	217,550	218,335
		217,550	218,335
Current assets
Stocks		158,000	155,000
Debtors		675	3,304
		158,675	158,304
Creditors: amounts falling due within one year		(12,898)	(21,819)
Net current assets (liabilities)		145,777	136,485
Total assets less current liabilities		363,327	354,820
Creditors: amounts falling due after more than one year		(278,937)	(275,021)
Total net assets (liabilities)		84,390	79,799
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		84,290	79,699
Shareholders' funds		84,390	79,799

For the year ending 30 September 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 11 February 2016

And signed on their behalf by:
Mr N Weise, Director

MARSHALL PHILLIPS LTD Registered Number 03352084

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% straight line
Motor vehicles - 25% straight line

Other accounting policies
Leasing and hire purchase commitments :

Assets obtained under hire purchase contracts and financial leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating lease are charged against income on a straight line basis over the lease term.

Stock :

Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 October 2014	249,547
Additions	269
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	249,816
Depreciation
At 1 October 2014	31,212
Charge for the year	1,054
On disposals	-
At 30 September 2015	32,266
Net book values
At 30 September 2015	217,550
At 30 September 2014	218,335

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100