MARTRAIN_LIMITED - Accounts

MARTRAIN LIMITED - Company Information

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Company Registration No. 04684787 (England and Wales)

MARTRAIN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

MARTRAIN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MARTRAIN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

9,064

23,971

Current assets

Stocks

1,760

15,000

Debtors

80,610

115,960

Cash at bank and in hand

92,934

153,048

175,304

284,008

Creditors: amounts falling due within one year

(68,149)

(84,331)

Net current assets

107,155

199,677

Total assets less current liabilities

116,219

223,648

Provisions for liabilities

(1,813)

(4,794)

114,406

218,854

Capital and reserves

Called up share capital

1,000

Profit and loss account

113,406

217,854

Shareholders' funds

114,406

218,854

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.

Directors' 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 directors acknowledge their 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 and authorised for issue on 28 November 2016

Mr HS Taylor

Director

Company Registration No. 04684787

MARTRAIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

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:

Computer equipment

50% Straight Line

Fixtures, fittings & equipment

20% Reducing Balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

MARTRAIN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

49,155

Additions

1,923

Disposals

(9,774)

At 31 March 2016

41,304

Depreciation

At 1 April 2015

25,184

On disposals

(3,623)

Charge for the year

10,679

At 31 March 2016

32,240

Net book value

At 31 March 2016

9,064

At 31 March 2015

23,971

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000