The Marlborough Arms Limited - Abbreviated accounts

The Marlborough Arms Limited - Abbreviated accounts

THE MARLBOROUGH ARMS LTD - Company Information

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THE MARLBOROUGH ARMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2015
Company Registration Number: 07409595
THE MARLBOROUGH ARMS LIMITED
ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the abbreviated financial statements 4 to 5
THE MARLBOROUGH ARMS LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015
DIRECTORS
Sally Ann McEwen
Alastair McEwen
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
Cranbrook House
287-291 Banbury Road
Oxford
OX2 7JQ
COMPANY REGISTRATION NUMBER
07409595 England and Wales
THE MARLBOROUGH ARMS LIMITED
BALANCE SHEET
AS AT 31 October 2015
Notes 2015 2014
£ £
FIXED ASSETS
Tangible assets 2 42,402 45,184
CURRENT ASSETS
Stock 6,000 6,000
Debtors 30,955 35,454
Cash at bank and in hand 62,070 23,327
99,025 64,781
CREDITORS: Amounts falling due 105,261 91,731
within one year
NET CURRENT (LIABILITIES) (6,236) (26,950)
TOTAL ASSETS LESS CURRENT LIABILITIES 36,166 18,234
Provisions for liabilities and charges 6,598 7,662
NET ASSETS 29,568 10,572
CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 29,566 10,570
SHAREHOLDERS' FUNDS 29,568 10,572
These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Signed on behalf of the board of directors
Sally Ann McEwen
Director
Date approved by the board: 28 July 2016
THE MARLBOROUGH ARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
1 STATEMENT OF ACCOUNTING POLICIES
Accounting convention
The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value of goods and services provided, stated net of value added tax.
Tangible fixed assets
Fixed assets are stated at cost less accumulated depreciation.
Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.
Fixtures and fittings Reducing balance basis at 25% per annum
Office equipment Reducing balance basis at 25% per annum
Leasehold improvements Straight line basis over 5 years
Computer equipment Reducing balance basis at 25% per annum
Stock
Stock has been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis. Net realisable value is based on estimated selling price less all further costs incurred to get the stock into its normal sale condition (including marketing, selling and distribution costs).
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Deferred taxation
Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
2 TANGIBLE ASSETS
Tangible assets
£
Cost
At 1 November 2014 106,736
Additions 11,699
At 31 October 2015 118,435
Accumulated depreciation
At 1 November 2014 61,552
Charge for year 14,481
At 31 October 2015 76,033
Net book value
At 1 November 2014 45,184
At 31 October 2015 42,402
3 SHARE CAPITAL
Nominal value Number 2015 2014
£ £ £
Allotted, called up and fully paid:
Ordinary shares 1 2 2 2
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