MARBLE_BEERS_LIMITED - Accounts

MARBLE_BEERS_LIMITED - Accounts

MARBLE BEERS LIMITED - Company Information

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Company Registration No. 03142173 (England and Wales)
MARBLE BEERS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
MARBLE BEERS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
MARBLE BEERS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MARBLE BEERS LIMITED FOR THE YEAR ENDED 31 MAY 2015
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marble Beers Limited for the year ended 31 May 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Marble Beers Limited, as a body, in accordance with the terms of our engagement letter dated 6 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Marble Beers Limited and state those matters that we have agreed to state to the Board of Directors of Marble Beers Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marble Beers Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Marble Beers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marble Beers Limited. You consider that Marble Beers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Marble Beers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Moore and Smalley LLP
Chartered Accountants
Fylde House
Skyways Commercial Campus
Amy Johnson Way
Blackpool
FY4 3RS
25 February 2016
MARBLE BEERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2015
31 May 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
14,786
18,096
Tangible assets
2
675,914
658,673
690,700
676,769
Current assets
Stocks
66,329
61,918
Debtors
52,451
43,191
Cash at bank and in hand
113,944
46,082
232,724
151,191
Creditors: amounts falling due within one year
(301,585)
(277,690)
Net current liabilities
(68,861)
(126,499)
Total assets less current liabilities
621,839
550,270
Creditors: amounts falling due after more than one year
(329,298)
(334,044)
Provisions for liabilities
(21,421)
(26,768)
271,120
189,458
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
270,120
188,458
Shareholders'  funds
271,120
189,458
MARBLE BEERS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2015
31 May 2015
- 3 -
For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 February 2016
Mrs J Rogers
Director
Company Registration No. 03142173
MARBLE BEERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 4 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No depreciation
Land and buildings Leasehold
No depreciation
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance

Contary to Financial Reporting Standard 15, buildings in Marble Beers Limited are not depreciated. Routine maintenance is carried out. Provision will be made should any permanent diminution in value occur. The directors consider this policy results in the accounts showing a true and fair view.

1.6
Leasing and hire purchase commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
1.9
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
MARBLE BEERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 5 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2014
66,205
936,151
1,002,356
Additions
-
57,173
57,173
Disposals
-
(2,537)
(2,537)
At 31 May 2015
66,205
990,787
1,056,992
Depreciation
At 1 June 2014
48,109
277,478
325,587
On disposals
-
(2,356)
(2,356)
Charge for the year
3,310
39,751
43,061
At 31 May 2015
51,419
314,873
366,292
Net book value
At 31 May 2015
14,786
675,914
690,700
At 31 May 2014
18,096
658,673
676,769
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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