Marciac Leisure Limited - Abbreviated accounts 16.1

Marciac Leisure Limited

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

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

18,234

20,497

CURRENT ASSETS

Stocks

9,148

8,945

Debtors

-

857

Cash at bank and in hand

13,703

11,351

22,851

21,153

CREDITORS

Amounts falling due within one year

40,807

41,239

NET CURRENT LIABILITIES

(17,956

)

(20,086

)

TOTAL ASSETS LESS CURRENT LIABILITIES

278

411

PROVISIONS FOR LIABILITIES

231

292

NET ASSETS

47

119

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

46

118

SHAREHOLDERS' FUNDS

47

119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 29 September 2016 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 January 2015).

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 2015

and 31 December 2015

80,732

DEPRECIATION

At 1 January 2015

60,235

Charge for year

2,263

At 31 December 2015

62,498

NET BOOK VALUE

At 31 December 2015

18,234

At 31 December 2014

20,497

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

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.