David Marsden Limited - Limited company - abbreviated - 11.9

David Marsden Limited - Limited company - abbreviated - 11.9

DAVID MARSDEN LIMITED - Company Information

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REGISTERED NUMBER: 03838226


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

DAVID MARSDEN LIMITED

DAVID MARSDEN LIMITED (REGISTERED NUMBER: 03838226)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DAVID MARSDEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2015







DIRECTORS: D N Marsden
O J Marsden





SECRETARY: D N Marsden





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 03838226





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS
Page 1
DAVID MARSDEN LIMITED (REGISTERED NUMBER: 03838226)

ABBREVIATED BALANCE SHEET
31 MAY 2015

31.5.15 31.5.14
Notes £    £   
FIXED ASSETS
Intangible assets 2 116,625 128,125
Tangible assets 3 34,257 37,874
Investments 4 4,900 4,900
155,782 170,899

CURRENT ASSETS
Stocks 405,000 355,000
Debtors 5,613 6,335
Cash at bank and in hand 30,133 27,521
440,746 388,856
CREDITORS
Amounts falling due within one year (227,497 ) (215,097 )
NET CURRENT ASSETS 213,249 173,759
TOTAL ASSETS LESS CURRENT
LIABILITIES
369,031
344,658

PROVISIONS FOR LIABILITIES (2,484 ) (2,037 )
NET ASSETS 366,547 342,621

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 366,447 342,521
SHAREHOLDERS' FUNDS 366,547 342,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
DAVID MARSDEN LIMITED (REGISTERED NUMBER: 03838226)

ABBREVIATED BALANCE SHEET - continued
31 MAY 2015


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 Board of Directors on 12 February 2016 and were signed on
its behalf by:





D N Marsden - Director


The notes form part of these abbreviated accounts

Page 3
DAVID MARSDEN LIMITED (REGISTERED NUMBER: 03838226)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015


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).

Turnover
Turnover represents net invoiced value of goods provided in the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014
and 31 May 2015 230,000
AMORTISATION
At 1 June 2014 101,875
Amortisation for year 11,500
At 31 May 2015 113,375
NET BOOK VALUE

At 31 May 2015 116,625
At 31 May 2014 128,125

Page 4 continued...
DAVID MARSDEN LIMITED (REGISTERED NUMBER: 03838226)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014 144,487
Additions 7,530
At 31 May 2015 152,017
DEPRECIATION
At 1 June 2014 106,613
Charge for year 11,147
At 31 May 2015 117,760
NET BOOK VALUE
At 31 May 2015 34,257
At 31 May 2014 37,874

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.5.15 31.5.14
£    £   
Buying group membership 4,900 4,900

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.15 31.5.14
value: £    £   
100 Ordinary £1 100 100

Page 5