Marco Specialist Interiors Limited - Limited company - abbreviated - 11.6
Marco Specialist Interiors Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| MARCO SPECIALIST INTERIORS LIMITED |
| MARCO SPECIALIST INTERIORS LIMITED (REGISTERED NUMBER: 05536025) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MARCO SPECIALIST INTERIORS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MARCO SPECIALIST INTERIORS LIMITED (REGISTERED NUMBER: 05536025) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| MARCO SPECIALIST INTERIORS LIMITED (REGISTERED NUMBER: 05536025) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 MARCH 2014 |
| The financial statements were approved by the Board of Directors on |
| MARCO SPECIALIST INTERIORS LIMITED (REGISTERED NUMBER: 05536025) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparation of accounts |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents all amounts received and receivable in respect of goods and services supplied by the company |
| during the year excluding value added tax and trade discounts. |
| Goodwill |
| Tangible fixed assets |
| Capital expenditure on property | - |
| Plant and equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred taxation |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of |
| certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing |
| differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are |
| recognised only to the extent that the directors consider that it is more likely than not that they will be recovered |
| against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a |
| non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, |
| based on tax rates and laws that have been enacted by the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets |
| acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by |
| hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits |
| and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net |
| of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit |
| and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
| Operating leases |
| Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the |
| lessor are charged to the profit and loss account as incurred. |
| MARCO SPECIALIST INTERIORS LIMITED (REGISTERED NUMBER: 05536025) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 |
| AMORTISATION |
| At 1 April 2013 |
| Amortisation for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 26,500 | - |
| MARCO SPECIALIST INTERIORS LIMITED (REGISTERED NUMBER: 05536025) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary A | £1 |
| Ordinary B | £1 |