MARKUP SYSTEMS LIMITED Accounts filed on 31-03-2015

MARKUP SYSTEMS LIMITED Accounts filed on 31-03-2015


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MARKUP SYSTEMS LIMITED




Company Registration Number:
SC277961 (Scotland)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

MARKUP SYSTEMS LIMITED

Company Information
for the Period Ended
31st March 2015




Director: Dr Henry Thompson
Company secretary: Paul Kenny
Registered office: Cavers Garden Farm Denholm
Hawick
Roxburghshire
TD9 8LN
Company Registration Number: SC277961 (Scotland)

MARKUP SYSTEMS LIMITED

Abbreviated Balance sheet
As at 31st March 2015

Notes 2015
£
2014
£
Fixed assets
Tangible assets: 2 2,389 1,983
Total fixed assets: 2,389 1,983
Current assets
Debtors: 4,476 5,496
Cash at bank and in hand: 2,826 2,866
Total current assets: 7,302 8,362
Creditors
Creditors: amounts falling due within one year 1,200 1,267
Net current assets (liabilities): 6,102 7,095
Total assets less current liabilities: 8,491 9,078
Total net assets (liabilities): 8,491 9,078

The notes form part of these financial statements

MARKUP SYSTEMS LIMITED

Abbreviated Balance sheet
As at 31st March 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 3 100 100
Profit and Loss account: 8,391 8,978
Total shareholders funds: 8,491 9,078

For the year ending 31 March 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 29 April 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Dr Henry Thompson
Status: Director

The notes form part of these financial statements

MARKUP SYSTEMS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the provisions applicable to companies subject to the small companies regime.

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 33% on cost.

MARKUP SYSTEMS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 2. Tangible assets

    Total
    Cost £
    At 01st April 2014: 1,983
    Additions: 1,583
    At 31st March 2015: 3,566
    Depreciation
    Charge for year: 1,177
    At 31st March 2015: 1,177
    Net book value
    At 31st March 2015: 2,389
    At 31st March 2014: 1,983

MARKUP SYSTEMS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    100
    Total share capital: 100
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    100
    Total share capital: 100