Marchmont Gate Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07568184 (England and Wales)

Marchmont Gate Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R A Imlach

M A Carden

REGISTERED OFFICE:

Unit 3

MARCHMONT GATE

Hemel Hempstead

Hertfordshire

HP2 7BE

REGISTERED NUMBER:

07568184 (England and Wales)

ACCOUNTANTS:

Davis & Co LLP

Ellerd House

Amenbury Lane

HARPENDEN

Hertfordshire

AL5 2EJ

FIXED ASSETS

Intangible assets

2

634,425

674,920

CURRENT ASSETS

Debtors

290,000

800,000

Cash at bank

1,037,791

-

1,327,791

800,000

CREDITORS

Amounts falling due within one year

958,842

964,678

NET CURRENT ASSETS/(LIABILITIES)

368,949

(164,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003,374

510,242

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

1,003,372

510,240

SHAREHOLDERS' FUNDS

1,003,374

510,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 19 May 2016 and were signed on its behalf by:

R A Imlach - 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 January 2015).

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

955,000

AMORTISATION

At 1 April 2015

280,080

Amortisation for year

40,495

At 31 March 2016

320,575

NET BOOK VALUE

At 31 March 2016

634,425

At 31 March 2015

674,920

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

ordinary

£1

2

2