Micro-entity Accounts - MARKA SYSTEMS LTD

08832550 MARKA SYSTEMS LTD 2017-01-31 false 2016-02-01 2017-01-31 true 08832550 2016-02-01 2017-01-31 08832550 2017-01-31 08832550 2016-01-31 08832550 uk-gaap-cd-bus:Director1 2016-02-01 2017-01-31 08832550 uk-gaap-cd-bus:Director2 2016-02-01 2017-01-31 08832550 uk-gaap-cd-bus:AllEntityOfficers 2016-02-01 2017-01-31 iso4217:GBP shares

Registered Number 08832550

MARKA SYSTEMS LTD

Micro-entity Accounts

31 January 2017

MARKA SYSTEMS LTD Registered Number 08832550

Micro-entity Balance Sheet as at 31 January 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	2,127	2,659
		2,127	2,659
Current assets
Debtors		-	500
Cash at bank and in hand		2,450	5,751
		2,450	6,251
Creditors: amounts falling due within one year		(3,916)	(8,273)
Net current assets (liabilities)		(1,466)	(2,022)
Total assets less current liabilities		661	637
Total net assets (liabilities)		661	637
Capital and reserves
Called up share capital		1	1
Profit and loss account		660	636
Shareholders' funds		661	637

For the year ending 31 January 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 October 2017

And signed on their behalf by:
Akram Mohammed, Director

MARKA SYSTEMS LTD Registered Number 08832550

Notes to the Micro-entity Accounts for the period ended 31 January 2017

1Tangible fixed assets

	£
Cost
At 1 February 2016	2,904
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2017	2,904
Depreciation
At 1 February 2016	245
Charge for the year	532
On disposals	-
At 31 January 2017	777
Net book values
At 31 January 2017	2,127
At 31 January 2016	2,659

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery 20% reducing balance