Marketing by Us Limited - Period Ending 2016-09-30

Company registration number: 09209040

Marketing by Us Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Marketing by Us Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Marketing by Us 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 Marketing by Us 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Marketing by Us 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 Marketing by Us Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marketing by Us Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marketing by Us 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 Marketing by Us Limited. You consider that Marketing by Us 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 Marketing by Us 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.

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

MJH Accountants Limited

25 May 2017

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.

Page 1

Marketing by Us Limited
(Registration number: 09209040)
Abbreviated Balance Sheet at 30 September 2016

		Note			30 September 2016 £			30 September 2015 £
Fixed assets
Tangible fixed assets					416			277
Current assets
Debtors					16,669			8,949
Cash at bank and in hand					18,250			14,816
					34,919			23,765
Creditors: Amounts falling due within one year					(24,213)			(17,317)
Net current assets					10,706			6,448
Total assets less current liabilities					11,122			6,725
Provisions for liabilities					(83)			(55)
Net assets					11,039			6,670
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					10,939			6,570
Shareholders' funds					11,039			6,670

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

Marketing by Us Limited
(Registration number: 09209040)
Abbreviated Balance Sheet at 30 September 2016
......... continued

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 25 May 2017 and signed on its behalf by:

..............................................
Mr B J Searle
Director

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

Marketing by Us 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 services provided to customers.

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
Office equipment	33.3% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Page 4

Marketing by Us Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		417			417
Additions		599			599
Disposals		(417)			(417)
At 30 September 2016		599			599
Amortisation
At 1 October 2015		140			140
Charge for the year		460			460
Eliminated on disposals		(417)			(417)
At 30 September 2016		183			183
Net book value
At 30 September 2016		416			416
At 30 September 2015		277			277

3	Share capital

Allotted, called up and fully paid shares

	30 September 2016						30 September 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 5