Marco Apparel Limited - Abbreviated accounts 16.3

Marco Apparel Limited - Abbreviated accounts 16.3

MARCO APPAREL LIMITED - Company Information

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REGISTERED NUMBER: 06337797 (England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Marco Apparel Limited

Marco Apparel Limited (Registered number: 06337797)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Marco Apparel Limited (Registered number: 06337797)

Abbreviated Balance Sheet
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investments 2 166 166
Investment property 3 797,201 797,201
797,367 797,367

CURRENT ASSETS
Debtors 164,215 113,374

CREDITORS
Amounts falling due within one year 11,401 7,920
NET CURRENT ASSETS 152,814 105,454
TOTAL ASSETS LESS CURRENT LIABILITIES 950,181 902,821

PROVISIONS FOR LIABILITIES 11,326 12,676
NET ASSETS 938,855 890,145

CAPITAL AND RESERVES
Called up share capital 4 166 166
Profit and loss account 938,689 889,979
SHAREHOLDERS' FUNDS 938,855 890,145

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

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

The directors acknowledge their 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 Board of Directors on 30 March 2017 and were signed on its behalf by:



T R Ahmed - Director


The notes form part of these abbreviated accounts

Page 1
Marco Apparel Limited (Registered number: 06337797)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2016

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).

Preparation of consolidated financial statements
The financial statements contain information about Marco Apparel Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in market value is transferred to a revaluation reserve.

Depreciation is not provided on investment properties which is a departure from the Companies Act
concerning the depreciation of fixed assets. However, these properties are not held for consumption but for
investment and the directors consider that systematic annual depreciation would be inappropriate. The
accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation or
amortisation is only one of the many factors reflected in the valuation and the amount which might otherwise
have been shown cannot be separately identified or quantified.

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

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 July 2015
and 30 June 2016 166
NET BOOK VALUE
At 30 June 2016 166
At 30 June 2015 166

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Marco Trading Co. Limited
Nature of business: Wholesale women & children's clothing
%
Class of shares: holding
"A" Ordinary 100.00
"B" Ordinary 100.00
2016 2015
£    £   
Aggregate capital and reserves 1,914,431 2,027,047
(Loss)/profit for the year (73,026 ) 8,355

Page 2 continued...
Marco Apparel Limited (Registered number: 06337797)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2016

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 July 2015
and 30 June 2016 797,201
NET BOOK VALUE
At 30 June 2016 797,201
At 30 June 2015 797,201

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
320 A ordinary 50p 160 160
12 B ordinary 50p 6 6
166 166

5. INVESTMENT PROPERTY

The legal title of the investment property is held on behalf of the company by the directors.

Page 3