Abbreviated Company Accounts - MARKITS (UK) LTD

Registered Number 04947571

MARKITS (UK) LTD

Abbreviated Accounts

31 October 2015

MARKITS (UK) LTD Registered Number 04947571

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	3,900	4,200
Tangible assets	3	33,681	37,729
		37,581	41,929
Current assets
Stocks		29,000	23,725
Debtors		4,328	4,667
Cash at bank and in hand		48,126	38,139
		81,454	66,531
Creditors: amounts falling due within one year		(18,661)	(33,087)
Net current assets (liabilities)		62,793	33,444
Total assets less current liabilities		100,374	75,373
Total net assets (liabilities)		100,374	75,373
Capital and reserves
Called up share capital		1	1
Profit and loss account		100,373	75,372
Shareholders' funds		100,374	75,373

For the year ending 31 October 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 25 July 2016

And signed on their behalf by:
ML Arscott, Director

MARKITS (UK) LTD Registered Number 04947571

Notes to the Abbreviated Accounts for the period ended 31 October 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 goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Land & buildings Freehold: 4% straight line
Plant & machinery: 25% per annum, reducing balance
Fixtures, fittings & equipment: 25% per annum, reducing balance

Intangible assets amortisation policy
Over 25 years

2Intangible fixed assets

	£
Cost
At 1 November 2014	7,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	7,500
Amortisation
At 1 November 2014	3,300
Charge for the year	300
On disposals	-
At 31 October 2015	3,600
Net book values
At 31 October 2015	3,900
At 31 October 2014	4,200

3Tangible fixed assets

	£
Cost
At 1 November 2014	145,741
Additions	3,863
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	149,604
Depreciation
At 1 November 2014	108,012
Charge for the year	7,911
On disposals	-
At 31 October 2015	115,923
Net book values
At 31 October 2015	33,681
At 31 October 2014	37,729