Marsden Bower Organisation Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06297795 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Marsden Bower Organisation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr J R Marsden

Mrs J L Marsden

SECRETARY:

Mrs J L Marsden

REGISTERED OFFICE:

7 St Johns Hill

Shrewsbury

Shropshire

SY1 1JD

REGISTERED NUMBER:

06297795 (England and Wales)

ACCOUNTANTS:

Haines Watts

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Intangible assets

2

-

4,499

Tangible assets

3

-

1,775

-

6,274

CURRENT ASSETS

Stocks

-

850

Debtors

69,756

72,143

Cash at bank and in hand

1,125

1,810

70,881

74,803

CREDITORS

Amounts falling due within one year

4,235

2,287

NET CURRENT ASSETS

66,646

72,516

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,646

78,790

CAPITAL AND RESERVES

Called up share capital

4

2

Retained earnings

66,644

78,788

SHAREHOLDERS' FUNDS

66,646

78,790

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 16 August 2016 and were signed on its
behalf by:

Mr J R Marsden - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account is the amount receivable for the provision of goods

and services falling within the Company's activities, net of Value Added Tax, rebates and trade

discounts. Turnover from the provision of goods and services are recognised in the accounting period

in which the Company obtains the right to consideration in exchange for its performance and when the

amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Intangible fixed assets and amortisation

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of

the identifiable assets and liabilities. It is amortised to the profit and loss account over 3 years.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated

to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives

on the following bases:

Fixtures & fittings

- 25% straight line

Improvements to property

- 20% straight line

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

8,998

AMORTISATION

At 1 January 2015

4,499

Amortisation for year

4,499

At 31 December 2015

8,998

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

4,499

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,698

Disposals

(2,698

)

At 31 December 2015

-

DEPRECIATION

At 1 January 2015

923

Charge for year

750

Eliminated on disposal

(1,673

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

1,775

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

5.	CONTROLLING PARTY

The company is under the control of Clockwork Organisation Limited, who owns 100% of the issued

share capital of the company.