Abbreviated Company Accounts - MARTEC ASSOCIATES LIMITED

MARTEC ASSOCIATES LIMITED - Company Information

Registered Number 02168687

MARTEC ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2014

MARTEC ASSOCIATES LIMITED Registered Number 02168687

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,506	2,227
		2,506	2,227
Current assets
Debtors		1,823	6,220
Investments		45,451	45,315
Cash at bank and in hand		25,320	14,041
		72,594	65,576
Prepayments and accrued income		804	698
Creditors: amounts falling due within one year		(19,262)	(15,221)
Net current assets (liabilities)		54,136	51,053
Total assets less current liabilities		56,642	53,280
Total net assets (liabilities)		56,642	53,280
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		55,642	52,280
Shareholders' funds		56,642	53,280

For the year ending 31 March 2014 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 1 December 2014

And signed on their behalf by:
A D R Thomson, Director

MARTEC ASSOCIATES LIMITED Registered Number 02168687

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the directors' report and which is continuing.

Turnover policy
Turnover comprises fees invoiced and commissions received and due to the company.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office and computer equipment - 25% per annum of reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	8,068
Additions	1,114
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	9,182
Depreciation
At 1 April 2013	5,841
Charge for the year	835
On disposals	-
At 31 March 2014	6,676
Net book values
At 31 March 2014	2,506
At 31 March 2013	2,227