Martdirect Limited - Period Ending 2016-10-31

31 October 2016

Ordinary of £1 each

MARTDIRECT LIMITED - Company Information

Registration number: 09834331

Martdirect Limited

trading as Martdirect Ltd

Unaudited Abbreviated Accounts

for the Period from 21 October 2015 to 31 October 2016

Tahas & Co Ltd
Certified Accountants & Tax Advisors
Suite 3, Second Floor
760 Eastern Avenue
Newbury Park
London
IG2 7HU

Martdirect Limited
trading as Martdirect Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

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 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Martdirect Limited
trading as Martdirect Ltd
for the Period Ended 31 October 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Martdirect Limited for the period ended 31 October 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Martdirect 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 Martdirect Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Martdirect Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Martdirect 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 loss of Martdirect Limited. You consider that Martdirect Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Martdirect 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.

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

Tahas & Co Ltd
Certified Accountants & Tax Advisors
Suite 3, Second Floor
760 Eastern Avenue
Newbury Park
London
IG2 7HU

Date:.............................

Page 1

Martdirect Limited
trading as Martdirect Ltd
(Registration number: 09834331)
Abbreviated Balance Sheet at 31 October 2016

	Note	31 October 2016 £
Fixed assets
Tangible fixed assets		900
Current assets
Stocks		5,512
Debtors		15,156
Cash at bank and in hand		7,258
		27,926
Creditors: Amounts falling due within one year		(35,600)
Net current liabilities		(7,674)
Net liabilities		(6,774)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(6,874)
Shareholders' deficit		(6,774)

For the year ending 31 October 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 21 July 2017 and signed on its behalf by:

.........................................
Mr Ram Shiv Suglani
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Martdirect Limited
trading as Martdirect Ltd
Notes to the Abbreviated Accounts for the Period from 21 October 2015 to 31 October 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 in respect of the sale of goods and services 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
Fixtures and fittings	25% on reducing balance

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.

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 3

Martdirect Limited
trading as Martdirect Ltd
Notes to the Abbreviated Accounts for the Period from 21 October 2015 to 31 October 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	1,200	1,200
At 31 October 2016	1,200	1,200
Depreciation
Charge for the period	300	300
At 31 October 2016	300	300
Net book value
At 31 October 2016	900	900

3	Share capital

Allotted, called up and fully paid shares

Page 4