Malton Marquees Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05411207 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

MALTON MARQUEES LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

131,474

121,229

131,474

121,229

CURRENT ASSETS

Stocks

2,000

1,500

Debtors

17,928

11,000

Cash at bank

121

1

20,049

12,501

CREDITORS

Amounts falling due within one year

93,296

75,689

NET CURRENT LIABILITIES

(73,247

)

(63,188

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,227

58,041

CREDITORS

Amounts falling due after more than one year

(4,077

)

(8,411

)

PROVISIONS FOR LIABILITIES

(23,041

)

(21,605

)

NET ASSETS

31,109

28,025

CAPITAL AND RESERVES

Called up share capital

4

50

50

Profit and loss account

31,059

27,975

SHAREHOLDERS' FUNDS

31,109

28,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 December 2014 and were signed by:

Mr A Nicholls - Director

1.	ACCOUNTING POLICIES

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

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 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

30% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Revenue recognition

Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration

in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to

consideration, which represents amounts chargeable to customers.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

53,850

AMORTISATION

At 1 April 2013

and 31 March 2014

53,850

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

208,088

Additions

37,622

Disposals

(2,800

)

At 31 March 2014

242,910

DEPRECIATION

At 1 April 2013

86,860

Charge for year

25,505

Eliminated on disposal

(929

)

At 31 March 2014

111,436

NET BOOK VALUE

At 31 March 2014

131,474

At 31 March 2013

121,228

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

50

Ordinary

£1

50

50

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

Mr A Nicholls

Balance outstanding at start of year

(5,364

)

5,654

Amounts advanced

29,154

11,082

Amounts repaid

(24,690

)

(22,100

)

Balance outstanding at end of year

(900

)

(5,364

)