Markup Systems Ltd


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Registered number: SC277961
Markup Systems Ltd
Abbreviated accounts
For The Year Ended 31 March 2016
Paul Kenny Ltd

Cavers Garden Farm
Hawick
TD9 8LN
Abbreviated Balance Sheet
2016 2015
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 2 1,839 2,389
1,839 2,389
CURRENT ASSETS
Debtors 3 4,492 4,476
Cash at bank and in hand 2,421 2,826
6,913 7,302
Creditors: Amounts Falling Due Within One Year (1,200) (1,200)
NET CURRENT ASSETS (LIABILITIES) 5,713 6,102
TOTAL ASSETS LESS CURRENT LIABILITIES 7,552 8,491
NET ASSETS 7,552 8,491
CAPITAL AND RESERVES
Called up share capital 4 100 100
Other reserves 8,978 8,978
Profit and Loss Account (1,526) (587)
SHAREHOLDERS' FUNDS 7,552 8,491
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For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated 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 2015).
On behalf of the board
Dr Henry Thompson
07/04/2016
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Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33%
Tangible Assets
Total
Cost £
As at 1 April 2015 3,566
Additions 356
As at 31 March 2016 3,922
Depreciation
As at 1 April 2015 1,177
Provided during the period 906
As at 31 March 2016 2,083
Net Book Value
As at 31 March 2016 1,839
As at 1 April 2015 2,389
Debtors
Debtors include an amount of £ 4,492 (2015 - £ 4,476 ) falling due after more than one year.
Share Capital
Value Number 2016 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 100 100 100
Transactions With and Loans to Directors
Dividends paid to directors
Ultimate Controlling Party
The company's ultimate controlling party is Dr Henry Thompson by virtue of his ownership of 100% of the issued share capital in the company.
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