Marco Apparel Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06337797 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

Marco Apparel Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Investments

2

166

166

Investment property

3

797,201

797,201

797,367

797,367

CURRENT ASSETS

Debtors

113,374

96,967

CREDITORS

Amounts falling due within one year

7,920

25,937

NET CURRENT ASSETS

105,454

71,030

TOTAL ASSETS LESS CURRENT LIABILITIES

902,821

868,397

PROVISIONS FOR LIABILITIES

12,676

14,225

NET ASSETS

890,145

854,172

CAPITAL AND RESERVES

Called up share capital

4

166

166

Profit and loss account

889,979

854,006

SHAREHOLDERS' FUNDS

890,145

854,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 3 March 2016 and were signed on its behalf by:

T R Ahmed - 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).

Preparation of consolidated financial statements

The financial statements contain information about Marco Apparel Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve.

Depreciation is not provided on investment properties which is a departure from the Companies Act

concerning the depreciation of fixed assets. However, these properties are not held for consumption but for

investment and the directors consider that systematic annual depreciation would be inappropriate. The

accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation or

amortisation is only one of the many factors reflected in the valuation and the amount which might otherwise

have been shown cannot be separately identified or quantified.

Deferred tax

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

balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2014

and 30 June 2015

166

NET BOOK VALUE

At 30 June 2015

166

At 30 June 2014

166

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Marco Trading Co. Limited

Nature of business: Wholesale women & children's clothing

%

Class of shares:

holding

"A" Ordinary

100.00

"B" Ordinary

100.00

30.6.15

30.6.14

£

£

Aggregate capital and reserves

2,027,047

2,019,102

Profit for the year

8,355

48,122

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2014

and 30 June 2015

797,201

NET BOOK VALUE

At 30 June 2015

797,201

At 30 June 2014

797,201

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

320

A ordinary share

50p

160

160

12

B ordinary share

50p

6

6

166

166

5.	INVESTMENT PROPERTY

The legal title of the investment property is held on behalf of the company by the directors.