Marshall & Till (Belper) Ltd - Abbreviated accounts 16.3

MARSHALL & TILL (BELPER) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K J Baines

REGISTERED OFFICE:

22 Campbell Street

Belper

Derbyshire

DE56 1AP

REGISTERED NUMBER:

06341839 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Tangible assets

2

4,411

4,211

CURRENT ASSETS

Stocks

6,769

6,589

Debtors

6,082

5,898

Cash at bank and in hand

180,591

161,736

193,442

174,223

CREDITORS

Amounts falling due within one year

62,597

57,684

NET CURRENT ASSETS

130,845

116,539

TOTAL ASSETS LESS CURRENT LIABILITIES

135,256

120,750

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

135,156

120,650

SHAREHOLDERS' FUNDS

135,256

120,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 10 January 2017 and were signed by:

Mrs K J Baines - 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.

Plant and machinery etc

-

15% on cost

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

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

At 1 October 2015

10,779

Additions

970

At 30 September 2016

11,749

DEPRECIATION

At 1 October 2015

6,568

Charge for year

770

At 30 September 2016

7,338

NET BOOK VALUE

At 30 September 2016

4,411

At 30 September 2015

4,211

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100