Abbreviated Company Accounts - MARKETING SERVICES LIMITED

MARKETING SERVICES LIMITED - Company Information

04234130 MARKETING SERVICES LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 04234130 2014-07-01 2015-06-30 04234130 2015-06-30 04234130 2014-06-30 04234130 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 04234130 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2014-07-01 2015-06-30 uk-gaap-cd-bus:Director3 2015-06-30 uk-gaap-cd-bus:Director3 2014-06-30 iso4217:GBP shares

Registered Number 04234130

MARKETING SERVICES LIMITED

Abbreviated Accounts

30 June 2015

MARKETING SERVICES LIMITED Registered Number 04234130

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	41,056	46,192
		41,056	46,192
Current assets
Stocks		115,408	144,641
Debtors		110,843	123,538
Cash at bank and in hand		267,389	236,530
		493,640	504,709
Creditors: amounts falling due within one year		(198,800)	(252,985)
Net current assets (liabilities)		294,840	251,724
Total assets less current liabilities		335,896	297,916
Provisions for liabilities		(6,665)	(7,000)
Total net assets (liabilities)		329,231	290,916
Capital and reserves
Called up share capital		101	101
Profit and loss account		329,130	290,815
Shareholders' funds		329,231	290,916

For the year ending 30 June 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 24 March 2016

And signed on their behalf by:
J. Jordan, Director

MARKETING SERVICES LIMITED Registered Number 04234130

Notes to the Abbreviated Accounts for the period ended 30 June 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
The turnover of the company is the value of goods supplied to customers during the period, excluding VAT

Tangible assets depreciation policy
Depreciation is provided on Tangible Assets at the following annual rates in order to write off each asset over its estimated useful life -
Short Leaseholds - straight line over the lease period
Plant and Equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2014	99,744
Additions	10,702
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	110,446
Depreciation
At 1 July 2014	53,552
Charge for the year	15,838
On disposals	-
At 30 June 2015	69,390
Net book values
At 30 June 2015	41,056
At 30 June 2014	46,192

3Transactions with directors

Name of director receiving advance or credit:	Mr and Mrs J. Jordan
Description of the transaction:	Directors' Loan Account
Balance at 1 July 2014:	£ 95,107
Advances or credits made:	£ 88,949
Advances or credits repaid:	£ 123,878
Balance at 30 June 2015:	£ 60,178

The Directors' Loan Account is included in Other Creditors. Directors' loans to the company are interest free and repayable on demand.

The company paid dividends to Mr and Mrs Jordan during the year in the sum of £49,540 (2014: £78,295)