Abbreviated Company Accounts - MARLBOROUGH FINANCIAL MANAGEMENT (UK) LIMITED

MARLBOROUGH FINANCIAL MANAGEMENT (UK) LIMITED - Company Information

Registered Number 04807756

MARLBOROUGH FINANCIAL MANAGEMENT (UK) LIMITED

Abbreviated Accounts

30 September 2016

MARLBOROUGH FINANCIAL MANAGEMENT (UK) LIMITED Registered Number 04807756

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	390,300	412,975
Tangible assets	3	68,935	91,720
		459,235	504,695
Current assets
Debtors		783,825	552,411
Cash at bank and in hand		110,092	94,807
		893,917	647,218
Creditors: amounts falling due within one year		(191,385)	(185,085)
Net current assets (liabilities)		702,532	462,133
Total assets less current liabilities		1,161,767	966,828
Creditors: amounts falling due after more than one year		(61,519)	(77,134)
Provisions for liabilities		(1,400)	(1,000)
Total net assets (liabilities)		1,098,848	888,694
Capital and reserves
Called up share capital		373,200	373,200
Profit and loss account		725,648	515,494
Shareholders' funds		1,098,848	888,694

For the year ending 30 September 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 10 February 2017

And signed on their behalf by:
Mr C F X Hanrahan, Director
Mr P L Luckett, Director

MARLBOROUGH FINANCIAL MANAGEMENT (UK) LIMITED Registered Number 04807756

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the asset over its estimated useful life.
Website costs - 33% on cost
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 255 on reducing balance
Computer equipment - 33% on reducing balance

Intangible assets amortisation policy
Amortisation is provided over a period of 20 years in order to write off the goodwill over its estimated useful life.

2Intangible fixed assets

	£
Cost
At 1 October 2015	458,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	458,500
Amortisation
At 1 October 2015	45,525
Charge for the year	22,675
On disposals	-
At 30 September 2016	68,200
Net book values
At 30 September 2016	390,300
At 30 September 2015	412,975

3Tangible fixed assets

	£
Cost
At 1 October 2015	185,158
Additions	5,672
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	190,830
Depreciation
At 1 October 2015	93,438
Charge for the year	28,457
On disposals	-
At 30 September 2016	121,895
Net book values
At 30 September 2016	68,935
At 30 September 2015	91,720