Marciac Leisure Limited - Limited company - abbreviated - 11.0.0

Marciac Leisure Limited

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Donovan

Mrs C I Donovan

SECRETARY:

Mrs C I Donovan

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Mesreyside

L18 1DG

REGISTERED NUMBER:

04419893 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

2

23,071

26,005

CURRENT ASSETS

Stocks

8,668

8,364

Debtors

7,933

-

Cash at bank and in hand

9,752

10,356

26,353

18,720

CREDITORS

Amounts falling due within one year

48,279

43,960

NET CURRENT LIABILITIES

(21,926

)

(25,240

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,145

765

PROVISIONS FOR LIABILITIES

369

466

NET ASSETS

776

299

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

775

298

SHAREHOLDERS' FUNDS

776

299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed on its behalf by:

A Donovan - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

80,732

DEPRECIATION

At 1 January 2013

54,727

Charge for year

2,934

At 31 December 2013

57,661

NET BOOK VALUE

At 31 December 2013

23,071

At 31 December 2012

26,005

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

Penny Lane Wine Bar Limited is regarded by the directors as being the company's ultimate parent company.