Abbreviated Company Accounts - MARK BOULTON DESIGN LTD

MARK BOULTON DESIGN LTD - Company Information

06118671 MARK BOULTON DESIGN LTD 2014-03-31 false 2013-04-01 2014-03-31 true 06118671 2013-04-01 2014-03-31 06118671 2014-03-31 06118671 2013-03-31 06118671 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06118671 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06118671

MARK BOULTON DESIGN LTD

Abbreviated Accounts

31 March 2014

MARK BOULTON DESIGN LTD Registered Number 06118671

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	33,977	55,643
		33,977	55,643
Current assets
Stocks		-	9,000
Debtors		39,935	65,837
Cash at bank and in hand		18,579	121,087
		58,514	195,924
Creditors: amounts falling due within one year		(36,342)	(49,160)
Net current assets (liabilities)		22,172	146,764
Total assets less current liabilities		56,149	202,407
Creditors: amounts falling due after more than one year		(17,110)	(27,116)
Provisions for liabilities		(3,010)	(10,185)
Total net assets (liabilities)		36,029	165,106
Capital and reserves
Called up share capital	4	2,000	1,000
Profit and loss account		34,029	164,106
Shareholders' funds		36,029	165,106

For the year ending 31 March 2014 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 December 2014

And signed on their behalf by:
C Friend, Director

MARK BOULTON DESIGN LTD Registered Number 06118671

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 20% straight line
Motor vehicles - 25% straight line

Other accounting policies
1.4. Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and
depreciated over the shorter of the lease term and their useful lives. 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 constant periodic rates of charge on the net obligations outstanding in each period.
1.5. Stock
Stock is valued at the lower of cost and net realisable value.
1.6. Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.
1.7. Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
1.8. Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Intangible fixed assets

	£
Cost
At 1 April 2013	16,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	16,000
Amortisation
At 1 April 2013	16,000
Charge for the year	-
On disposals	-
At 31 March 2014	16,000
Net book values
At 31 March 2014	0
At 31 March 2013	0

3Tangible fixed assets

	£
Cost
At 1 April 2013	106,767
Additions	27,174
Disposals	(46,016)
Revaluations	-
Transfers	-
At 31 March 2014	87,925
Depreciation
At 1 April 2013	51,124
Charge for the year	24,663
On disposals	(21,839)
At 31 March 2014	53,948
Net book values
At 31 March 2014	33,977
At 31 March 2013	55,643

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,000 Ordinary shares of £1 each (1,000 shares for 2013)	2,000	1,000

During the year ended 31 March 2014 1,000 ordinary £1 shares were issued at par.