Marty Rich Ltd - Period Ending 2015-10-31

Registration number: 8266071

Marty Rich Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Aleathia Mann Ltd
  Chartered Accountants
  14 Townsend Court
  Reepham
  Norfolk
  NR10 4LD

Marty Rich Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Marty Rich Ltd
for the Year Ended 31 October 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marty Rich Ltd for the year ended 31 October 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member 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 Marty Rich Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marty Rich Ltd and state those matters that we have agreed to state to them, 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 Marty Rich Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marty Rich Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marty Rich Ltd. You consider that Marty Rich Ltd 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 Marty Rich Ltd. 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.

......................................

Aleathia Mann Ltd
Chartered Accountants
14 Townsend Court
Reepham
Norfolk
NR10 4LD

31 July 2016

Page 1

Marty Rich Ltd
(Registration number: 8266071)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					835			2,377
Current assets
Debtors					3,179			2,503
Cash at bank and in hand					6,594			1,363
					9,773			3,866
Creditors: Amounts falling due within one year					(11,583)			(9,378)
Net current liabilities					(1,810)			(5,512)
Net liabilities					(975)			(3,135)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(976)			(3,136)
Shareholders' deficit					(975)			(3,135)

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 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 .

Approved by the director on 31 July 2016

.........................................
Martin Brett Richards
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Marty Rich Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis. The director has undertaken to pay the company's liabilities as they fall due.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Deprecaition is charged to write off the assets over their effective useful life

Asset class	Depreciation method and rate
Office equipment	33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		4,628			4,628
At 31 October 2015		4,628			4,628
Depreciation
At 1 November 2014		2,251			2,251
Charge for the year		1,542			1,542
At 31 October 2015		3,793			3,793
Net book value
At 31 October 2015		835			835
At 31 October 2014		2,377			2,377

Page 3

Marty Rich Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 4