Marray Thoroughbred Services Limited,Ltd - Accounts

MARRAY THOROUGHBRED SERVICES LTD - Company Information

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Marray Thoroughbred Services Limited

For the year ended 30 September 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 09201245

Contents Page

Marray Thoroughbred Services Limited

For the year ended 30 September 2015

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

Chartered Accountants' Report

For the year ended 30 September 2015

Marray Thoroughbred Services Limited

Chartered Accountants' Report to the Board of Directors

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts

of Marray Thoroughbred Services Limited for the year ended 30 September 2015 which comprise the Profit and Loss

Account, Statement of Recognised Gains and Losses, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its

ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Marray Thoroughbred Services Limited, as a body, in accordance

with the terms of our engagement letter dated 1 October 2015. Our work has been undertaken solely to prepare for your

approval the accounts of Marray Thoroughbred Services Limited and state those matters that we have agreed to state to

the Board of Directors of Marray Thoroughbred Services Limited, as a body, in this report in accordance with AAF 2/10

as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility

to anyone other than Marray Thoroughbred Services Limited and its Board of Directors as a body for our work or for this

report.

It is your duty to ensure that Marray Thoroughbred Services Limited has kept adequate accounting records to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marray

Thoroughbred Services Limited. You consider that Marray Thoroughbred Services Limited is exempt from the statutory

audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Marray Thoroughbred Services Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Marray & McIntyre

Chartered Accountants

Hawthorn House

1Medlicott Close

Corby

Northants

NN18 9NF

30 March 2016

Dated:

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Abbreviated Balance Sheet

Marray Thoroughbred Services Limited

As at 30 September 2015

09201245

Registered Number :

2015

Notes

Fixed assets

Tangible assets

656

Current assets

Cash at bank and in hand

5,322

Creditors: amounts falling due within one year

(5,363)

(41)

Net current liabilities

Total assets less current liabilities

615

Net assets/liabilities

Capital and reserves

Called up share capital

100

Profit and loss account

515

615

Shareholders funds

For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 30 March 2016

A Marray Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 30 September 2015

Marray Thoroughbred Services Limited

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the

shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

20 Reducing balance

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

820

Additions

At 30 September 2015

820

Depreciation

164

Charge for year

164

At 30 September 2015

Net book values

At 30 September 2015

656

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Notes to the Abbreviated Financial Statements

For the year ended 30 September 2015

Marray Thoroughbred Services Limited

3 Debtors:

All debtors are receivable within one year.

4 Share capital

Authorised

100 Class A shares of £1.00 each

Allotted called up and fully paid

2015

100 Class A shares of £1.00 each

100

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