MarketSpaceproductivity Ltd


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Registered number: SC503660
MarketSpaceproductivity Ltd
Abbreviated accounts
For the Period 20 April 2015 to 30 April 2016
Crunchers Edinburgh

Abbreviated Balance Sheet
Period to 30 April 2016
Notes £ £
FIXED ASSETS
Tangible Assets 2 33,185
33,185
CURRENT ASSETS
Cash at bank and in hand 4,697
4,697
Creditors: Amounts Falling Due Within One Year (9,370 )
NET CURRENT ASSETS (LIABILITIES) (4,673 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,512
Creditors: Amounts Falling Due After More Than One Year 3 (19,000 )
NET ASSETS 9,512
CAPITAL AND RESERVES
Called up share capital 4 100
Profit and Loss Account 9,412
SHAREHOLDERS' FUNDS 9,512
For the period ending 30 April 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Ms Agnesia Agrella
30/11/2016
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Notes to the Abbreviated Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
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. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 33% Straight Line
2. Tangible Assets
Total
Cost £
As at 20 April 2015 -
Additions 44,247
As at 30 April 2016 44,247
Depreciation
As at 20 April 2015 -
Provided during the period 11,062
As at 30 April 2016 11,062
Net Book Value
As at 30 April 2016 33,185
As at 20 April 2015 -
3. Creditors: Amounts Falling Due After More Than One Year
Period to 30 April 2016
£
Bank loans 19,000
4. Share Capital
Value Number Period to 30 April 2016
Allotted, called up and fully paid £ £
Ordinary shares 1.000 100 100
5. Transactions With and Loans to Directors
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Dividends paid to directors
6. Ultimate Controlling Party
The company's ultimate controlling party is Agnesia Agrella by virtue of her ownership of 100% of the issued share capital in the company.
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