J. Markfield Limited - Limited company - abbreviated - 11.6
J. Markfield Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2014 |
| FOR |
| J. MARKFIELD LIMITED |
| J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062) |
| 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 | 3 |
| J. MARKFIELD LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| 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. |
| The financial statements were approved by the Board of Directors on |
| J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis even though the company's current liabilities exceed its current assets |
| as the directors are of the opinion that the company will be able to continue trading and meet its liabilities as and when due. |
| Accounting convention |
| 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 net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2000 was being amortised evenly over its estimated |
| useful life of 30 years until 31 March 2011. |
| From 1 April 2012 onwards the useful life was revised to 20 years and the residual amount is now being amortised evenly over the estimated |
| remaining useful life of 9 years. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase |
| contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives |
| or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future |
| payments is treated as a liability. |
| 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 |
| J. MARKFIELD LIMITED (REGISTERED NUMBER: 04010062) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 March 2014 |
| 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 £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | ULTIMATE PARENT COMPANY |