Micro-entity Accounts - MARTON ENGINEERING LIMITED

MARTON ENGINEERING LIMITED - Company Information

03166388 MARTON ENGINEERING LIMITED 2017-07-31 false 2016-08-01 2017-07-31 true 03166388 2016-08-01 2017-07-31 03166388 2017-07-31 03166388 2016-07-31 03166388 uk-gaap-cd-bus:Director1 2016-08-01 2017-07-31 03166388 uk-gaap-cd-bus:Director2 2016-08-01 2017-07-31 03166388 uk-gaap-cd-bus:AllEntityOfficers 2016-08-01 2017-07-31 iso4217:GBP shares

Registered Number 03166388

MARTON ENGINEERING LIMITED

Micro-entity Accounts

31 July 2017

MARTON ENGINEERING LIMITED Registered Number 03166388

Micro-entity Balance Sheet as at 31 July 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	12,350	2,970
		12,350	2,970
Current assets
Stocks		5,750	1,200
Debtors		45,502	93,308
Cash at bank and in hand		107,959	124,852
		159,211	219,360
Creditors: amounts falling due within one year		(64,498)	(116,451)
Net current assets (liabilities)		94,713	102,909
Total assets less current liabilities		107,063	105,879
Total net assets (liabilities)		107,063	105,879
Capital and reserves
Called up share capital		100	100
Profit and loss account		106,963	105,779
Shareholders' funds		107,063	105,879

For the year ending 31 July 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 16 April 2018

And signed on their behalf by:
M J Peters, Director

MARTON ENGINEERING LIMITED Registered Number 03166388

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

1Tangible fixed assets

	£
Cost
At 1 August 2016	9,889
Additions	-
Disposals	-
Revaluations	-
Transfers	11,653
At 31 July 2017	21,542
Depreciation
At 1 August 2016	6,919
Charge for the year	2,273
On disposals	-
At 31 July 2017	9,192
Net book values
At 31 July 2017	12,350
At 31 July 2016	2,970

2Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible/Intangible Fixed Assets and Depreciation

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:

Motor Vehicles 20% Straight Line Basis
Fixtures and Fittings 10% Straight Line Basis

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account
as incurred.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Deferred Taxation

Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation and accounts purposes, using the liability method, only to the extent that, in the opinion of the Directors, there is a reasonable probability that a liability or asset will crystallise in the near future.

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.