Abbreviated Company Accounts - MARVITAND TRADE & SERVICE LTD

Abbreviated Company Accounts - MARVITAND TRADE & SERVICE LTD

MARVITAND TRADE & SERVICE LTD - Company Information

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Registered Number 06306259

MARVITAND TRADE & SERVICE LTD

Abbreviated Accounts

31 July 2014

MARVITAND TRADE & SERVICE LTD Registered Number 06306259

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
$ $
Current assets
Debtors 4,414 4,265
Cash at bank and in hand 3,105 2,442
7,519 6,707
Creditors: amounts falling due within one year (1,408) (1,477)
Net current assets (liabilities) 6,111 5,230
Total assets less current liabilities 6,111 5,230
Total net assets (liabilities) 6,111 5,230
Capital and reserves
Called up share capital 4 4
Profit and loss account 6,107 5,226
Shareholders' funds 6,111 5,230
  • For the year ending 31 July 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 22 May 2015

And signed on their behalf by:
G Amerikanos for Lambert Investments Limited, Director

MARVITAND TRADE & SERVICE LTD Registered Number 06306259

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

1Accounting Policies

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

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax proposes. Deferred taxation is calculated on a un–discounted basis at the tax rate which is expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.