Abbreviated Company Accounts - MARTON ENGINEERING LIMITED

MARTON ENGINEERING LIMITED - Company Information

03166388 MARTON ENGINEERING LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 03166388 2015-08-01 2016-07-31 03166388 2016-07-31 03166388 2015-07-31 03166388 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 03166388 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 03166388

MARTON ENGINEERING LIMITED

Abbreviated Accounts

31 July 2016

MARTON ENGINEERING LIMITED Registered Number 03166388

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,970	3,670
		2,970	3,670
Current assets
Stocks		1,200	1,190
Debtors		93,308	39,704
Cash at bank and in hand		124,852	95,754
		219,360	136,648
Creditors: amounts falling due within one year		(116,451)	(63,610)
Net current assets (liabilities)		102,909	73,038
Total assets less current liabilities		105,879	76,708
Total net assets (liabilities)		105,879	76,708
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		105,779	76,608
Shareholders' funds		105,879	76,708

For the year ending 31 July 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 16 February 2017

And signed on their behalf by:
M J Peters, Director

MARTON ENGINEERING LIMITED Registered Number 03166388

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible/Intangible Fixed Assets and Depreciation

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:

Equipment, Fixtures and Fittings 10% Straight Line Basis
Motor Vehicles 20% Straight Line Basis

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account
as incurred.

Stocks

Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred Taxation

Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation and accounts purposes, using the liability method, only to the extent that, in the opinion of the Directors, there is a reasonable probability that a liability or asset will crystallise in the near future.

Pension

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2Tangible fixed assets

	£
Cost
At 1 August 2015	9,889
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	9,889
Depreciation
At 1 August 2015	6,219
Charge for the year	700
On disposals	-
At 31 July 2016	6,919
Net book values
At 31 July 2016	2,970
At 31 July 2015	3,670

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100