Marshall and Stocker Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07418039 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

MARSHALL AND STOCKER LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S A Stocker

J Marshall

SECRETARY:

P&A Secretaries Limited

REGISTERED OFFICE:

c/o Pearson and Associates

North Barn

Broughton Hall

Skipton

North Yorkshire

BD23 3AE

REGISTERED NUMBER:

07418039 (England and Wales)

ACCOUNTANTS:

Pearson & Associates

North Barn

Broughton Hall

Skipton

North Yorkshire

BD23 3AE

FIXED ASSETS

Intangible assets

4

3,365

4,225

Tangible assets

5

359

478

3,724

4,703

CURRENT ASSETS

Debtors

6

-

1,088

Cash at bank

53,056

34,544

53,056

35,632

CREDITORS

Amounts falling due within one year

7

39,401

14,444

NET CURRENT ASSETS

13,655

21,188

TOTAL ASSETS LESS CURRENT LIABILITIES

17,379

25,891

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

17,377

25,889

SHAREHOLDERS' FUNDS

17,379

25,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 November 2017 and were signed on its behalf by:

Mrs S A Stocker - Director

1.	STATUTORY INFORMATION

Marshall and Stocker Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

8,600

AMORTISATION

At 1 April 2016

4,375

Amortisation for year

860

At 31 March 2017

5,235

NET BOOK VALUE

At 31 March 2017

3,365

At 31 March 2016

4,225

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

2,062

428

2,490

DEPRECIATION

At 1 April 2016

1,584

428

2,012

Charge for year

119

-

119

At 31 March 2017

1,703

428

2,131

NET BOOK VALUE

At 31 March 2017

359

-

359

At 31 March 2016

478

-

478

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

-

1,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

13,188

13,458

Other creditors

26,213

986

39,401

14,444

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

**UNKNOWN DIRECTOR 1**

Balance outstanding at start of year

(986

)

18,166

Amounts advanced

50,144

59,487

Amounts repaid

(49,175

)

(78,639

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(17

)

(986

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £61,000 (2016 - £59,432) were paid to the directors .

10.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective from 1st January 2015)

as at 1st Jun 2016.

Reconciliation of Equity

No transitional adjustments were required.

Reconciliation of Profit or Loss for the year

No transitional adjustments were required.