Marx Insurance Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02002529 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 5 April 2016

for

Marx Insurance Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Duffy

SECRETARY:

Mrs A J Duffy

REGISTERED OFFICE:

114 Town Row

West Derby

Liverpool

Merseyside

L12 8SN

REGISTERED NUMBER:

02002529 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

2

155,029

156,875

CURRENT ASSETS

Debtors

420,926

430,035

Cash at bank and in hand

46,893

7,718

467,819

437,753

CREDITORS

Amounts falling due within one year

3

177,290

151,635

NET CURRENT ASSETS

290,529

286,118

TOTAL ASSETS LESS CURRENT LIABILITIES

445,558

442,993

PROVISIONS FOR LIABILITIES

337

648

NET ASSETS

445,221

442,345

CAPITAL AND RESERVES

Called up share capital

4

1,200

1,200

Revaluation reserve

115,000

115,000

Profit and loss account

329,021

326,145

SHAREHOLDERS' FUNDS

445,221

442,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 23 December 2016 and were signed by:

M Duffy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Freehold property

-

in accordance with the property

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

In the opinion of the company's director, the market value of the freehold property is in excess of its net book

value and therefore no depreciation has been provided.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 6 April 2015

and 5 April 2016

194,046

DEPRECIATION

At 6 April 2015

37,171

Charge for year

1,846

At 5 April 2016

39,017

NET BOOK VALUE

At 5 April 2016

155,029

At 5 April 2015

156,875

3.

CREDITORS

Creditors include an amount of £ 0 (5.4.15 - £ 9,125 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.16

5.4.15

value:

£

£

1,200

Ordinary

£1

1,200

1,200

5.	ULTIMATE PARENT COMPANY