Marion Boyars Publishers Limited - Period Ending 2016-09-30

Registration number: 01224419

Marion Boyars Publishers Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

A Shaw & Co. Limited
1 The Pavement
Bushy Park Road
Teddington
Middlesex
TW11 9JE

Marion Boyars Publishers Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Marion Boyars Publishers Limited
for the Year Ended 30 September 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marion Boyars Publishers Limited for the year ended 30 September 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Marion Boyars Publishers Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marion Boyars Publishers Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marion Boyars Publishers Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marion Boyars Publishers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marion Boyars Publishers Limited. You consider that Marion Boyars Publishers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Marion Boyars Publishers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A Shaw & Co. Limited
1 The Pavement
Bushy Park Road
Teddington
Middlesex
TW11 9JE

7 June 2017

Page 1

Marion Boyars Publishers Limited
(Registration number: 01224419)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					18,713			28,070
Tangible fixed assets					1,989			2,739
					20,702			30,809
Current assets
Stocks					28,890			29,619
Debtors					18,413			20,377
Cash at bank and in hand					48,196			54,421
					95,499			104,417
Creditors: Amounts falling due within one year					(22,957)			(31,608)
Net current assets					72,542			72,809
Total assets less current liabilities					93,244			103,618
Creditors: Amounts falling due after more than one year					-			(20,000)
Net assets					93,244			83,618
Capital and reserves
Called up share capital		3			30,000			30,000
Profit and loss account					63,244			53,618
Shareholders' funds					93,244			83,618

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 7 June 2017 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Marion Boyars Publishers Limited
(Registration number: 01224419)
Abbreviated Balance Sheet at 30 September 2016
......... continued

.........................................
C Kilgarriff
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Marion Boyars Publishers Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	15% straight line
Office equipment	15% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 4

Marion Boyars Publishers Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 October 2015		46,784			10,228			57,012
At 30 September 2016		46,784			10,228			57,012
Depreciation
At 1 October 2015		18,714			7,489			26,203
Charge for the year		9,357			750			10,107
At 30 September 2016		28,071			8,239			36,310
Net book value
At 30 September 2016		18,713			1,989			20,702
At 30 September 2015		28,070			2,739			30,809

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		30,000			30,000			30,000			30,000

Page 5