Mark Antony Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06845472 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Mark Antony Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Hill

SECRETARY:

G J Hill

REGISTERED OFFICE:

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

REGISTERED NUMBER:

06845472 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Old Gun Court

North Street

Dorking

Surrey

RH4 1DE

FIXED ASSETS

Intangible assets

2

4,800

7,200

Tangible assets

3

52,684

55,654

57,484

62,854

CURRENT ASSETS

Stocks

15,000

26,065

Debtors

9,766

10,000

Cash at bank

88,354

467

113,120

36,532

CREDITORS

Amounts falling due within one year

87,341

25,428

NET CURRENT ASSETS

25,779

11,104

TOTAL ASSETS LESS CURRENT
LIABILITIES

83,263

73,958

CREDITORS

Amounts falling due after more than one
year

(55,452

)

(64,584

)

PROVISIONS FOR LIABILITIES

(4,382

)

-

NET ASSETS

23,429

9,374

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

23,329

9,274

SHAREHOLDERS' FUNDS

23,429

9,374

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 director acknowledges his 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 director on 30 December 2016 and were signed by:

M Hill - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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 etc

-

20% on cost and straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

12,000

AMORTISATION

At 1 April 2015

4,800

Amortisation for year

2,400

At 31 March 2016

7,200

NET BOOK VALUE

At 31 March 2016

4,800

At 31 March 2015

7,200

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

80,083

Additions

12,676

Disposals

(400

)

At 31 March 2016

92,359

DEPRECIATION

At 1 April 2015

24,429

Charge for year

15,326

Eliminated on disposal

(80

)

At 31 March 2016

39,675

NET BOOK VALUE

At 31 March 2016

52,684

At 31 March 2015

55,654

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100