Abbreviated Company Accounts - MARKA SYSTEMS LTD

Registered Number 08832550

MARKA SYSTEMS LTD

Abbreviated Accounts

31 January 2016

MARKA SYSTEMS LTD Registered Number 08832550

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,659	545
		2,659	545
Current assets
Debtors		500	2,080
Cash at bank and in hand		5,751	3,110
		6,251	5,190
Creditors: amounts falling due within one year		(8,273)	(5,412)
Net current assets (liabilities)		(2,022)	(222)
Total assets less current liabilities		637	323
Total net assets (liabilities)		637	323
Capital and reserves
Called up share capital		1	1
Profit and loss account		636	322
Shareholders' funds		637	323

For the year ending 31 January 2016 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 directors acknowledge their 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 Board on 28 October 2016

And signed on their behalf by:
Akram Mohammed, Director

MARKA SYSTEMS LTD Registered Number 08832550

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2015	681
Additions	2,223
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	2,904
Depreciation
At 1 February 2015	136
Charge for the year	109
On disposals	-
At 31 January 2016	245
Net book values
At 31 January 2016	2,659
At 31 January 2015	545