Monark Global Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03977053 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

for

Monark Global Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L L C Gullan

SECRETARY:

Cargil Management Services Limited

REGISTERED OFFICE:

27/28 Eastcastle Street

London

W1W 8DH

REGISTERED NUMBER:

03977053 (England and Wales)

ACCOUNTANTS:

Bruce ML Gray

Chartered Accountants

Suite 122

Airport House

Purley way

Croydon

Surrey

CR0 0XZ

FIXED ASSETS

Investments

2

-

34,459

CURRENT ASSETS

Stocks

191,245

124,316

Debtors

108,853

82,470

Cash at bank

123,222

319,598

423,320

526,384

CREDITORS

Amounts falling due within one year

99,339

105,185

NET CURRENT ASSETS

323,981

421,199

TOTAL ASSETS LESS CURRENT
LIABILITIES

323,981

455,658

CAPITAL AND RESERVES

Called up share capital

3

500,000

Profit and loss account

(176,019

)

(44,342

)

SHAREHOLDERS' FUNDS

323,981

455,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 November 2016 and were signed by:

L L C Gullan - 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.

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.	FIXED ASSET INVESTMENTS

Loans

£

At 1 March 2015

34,459

Additions

(34,459

)

At 29 February 2016

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

500,000

Ordinary

£1

500,000