Abbreviated Company Accounts - MARTEC ASSOCIATES LIMITED

MARTEC ASSOCIATES LIMITED - Company Information

Registered Number 02168687

MARTEC ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2016

MARTEC ASSOCIATES LIMITED Registered Number 02168687

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,243	2,991
		2,243	2,991
Current assets
Debtors		13,533	3,111
Investments		48,719	48,611
Cash at bank and in hand		13,377	27,111
		75,629	78,833
Prepayments and accrued income		7,404	1,232
Creditors: amounts falling due within one year		(21,535)	(20,397)
Net current assets (liabilities)		61,498	59,668
Total assets less current liabilities		63,741	62,659
Total net assets (liabilities)		63,741	62,659
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		62,741	61,659
Shareholders' funds		63,741	62,659

For the year ending 31 March 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 9 December 2016

And signed on their behalf by:
A D R Thomson, Director

MARTEC ASSOCIATES LIMITED Registered Number 02168687

Notes to the Abbreviated Accounts for the period ended 31 March 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 January 2015).

Turnover policy
Turnover comprises fees invoiced and commissions received and due to the company.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office and computer equipment - 25% per annum of reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	10,263
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	10,263
Depreciation
At 1 April 2015	7,272
Charge for the year	748
On disposals	-
At 31 March 2016	8,020
Net book values
At 31 March 2016	2,243
At 31 March 2015	2,991