Marc Boase Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08417419 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Marc Boase Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Boase

Mrs E Boase

REGISTERED OFFICE:

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

BUSINESS ADDRESS:

21 Castle Street

Brighton

East Sussex

BN1 2HD

REGISTERED NUMBER:

08417419 (England and Wales)

ACCOUNTANTS:

Lucraft Hodgson & Dawes LLP

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

FIXED ASSETS

Tangible assets

2

28,517

-

CURRENT ASSETS

Debtors

6,328

-

Cash at bank and in hand

125

100

6,453

100

CREDITORS

Amounts falling due within one year

3

8,679

-

NET CURRENT (LIABILITIES)/ASSETS

(2,226

)

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,291

100

CREDITORS

Amounts falling due after more than one
year

3

26,634

-

NET (LIABILITIES)/ASSETS

(343

)

100

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(443

)

-

SHAREHOLDERS' FUNDS

(343

)

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 2 December 2016 and were signed on its behalf
by:

M Boase - Director

Mrs E Boase - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in

the financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will

be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing

differences can be deducted.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

29,757

At 31 March 2016

29,757

DEPRECIATION

Charge for year

1,240

At 31 March 2016

1,240

NET BOOK VALUE

At 31 March 2016

28,517

3.

CREDITORS

Creditors include an amount of £ 29,309 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1.00

100