Company Registration No. 08403725 (England and Wales)
MARTIN'S ANTIQUES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
MARTIN'S ANTIQUES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MARTIN'S ANTIQUES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
8,000
12,000
Tangible assets
2
172
4,111
8,172
16,111
Current assets
Debtors
1,169
2,015
Cash at bank and in hand
27,227
26,916
28,396
28,931
Creditors: amounts falling due within one year
(37,303)
(43,619)
Net current liabilities
(8,907)
(14,688)
Total assets less current liabilities
(735)
1,423
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(736)
1,422
Shareholders' funds
(735)
1,423
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 November 2016
Mr D Kirk
Director
Company Registration No. 08403725
MARTIN'S ANTIQUES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
3 years straight line
Computer equipment
3 years straight line
Motor vehicles
3 years straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
20,000
11,816
31,816
Depreciation
At 1 April 2015
8,000
7,705
15,705
Charge for the year
4,000
3,939
7,939
At 31 March 2016
12,000
11,644
23,644
Net book value
At 31 March 2016
8,000
172
8,172
At 31 March 2015
12,000
4,111
16,111
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
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