Marcus Dring Fine Art Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 04982527 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2015

for

MARCUS DRING FINE ART LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Dring

SECRETARY:

Miss M Dring

REGISTERED OFFICE:

122 Cumberland Road

Bristol

BS1 6UG

REGISTERED NUMBER:

04982527 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Bath House

6-8 Bath Street

Bristol

BS1 6HL

CURRENT ASSETS

Stocks

9,152

9,152

Debtors

2

124

634

Cash at bank

37

43

9,313

9,829

CREDITORS

Amounts falling due within one year

3

874

852

NET CURRENT ASSETS

8,439

8,977

TOTAL ASSETS LESS CURRENT LIABILITIES

8,439

8,977

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

5

8,339

8,877

SHAREHOLDERS' FUNDS

8,439

8,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the director on 31 March 2017 and were signed by:

M Dring - 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

2.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Directors' current accounts

124

634

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

£

Tax

434

432

Accrued expenses

440

420

874

852

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.

RESERVES

Profit

and loss

account

£

At 1 January 2015

8,877

Deficit for the year

(538

)

At 31 December 2015

8,339

6.	RELATED PARTY DISCLOSURES

M Dring

Director

At the year end, Mr M Dring owed the company £124 (2014 - £634). This loan was interest free and has no

fixed repayment period.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is M Dring.