Company Registration No. 06955399 (England and Wales)
ALEX MARTIN COMMERCIAL LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
ALEX MARTIN COMMERCIAL LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALEX MARTIN COMMERCIAL LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
-
2,451
Current assets
Debtors
96,707
-
Cash at bank and in hand
88,369
160,127
185,076
160,127
Creditors: amounts falling due within one year
(82,411)
(93,163)
Net current assets
102,665
66,964
Total assets less current liabilities
102,665
69,415
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
101,665
68,415
Shareholders' funds
102,665
69,415
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 and authorised for issue on 6 September 2016
Mr A M Dawson
Director
Company Registration No. 06955399
ALEX MARTIN COMMERCIAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33% per annum
Motor vehicles
25% per annum
1.5
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.
6
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
10,779
9,250
20,029
Depreciation
At 1 April 2015
10,640
6,938
17,578
Charge for the year
139
2,312
2,451
At 31 March 2016
10,779
9,250
20,029
Net book value
At 31 March 2016
-
-
-
At 31 March 2015
139
2,312
2,451
ALEX MARTIN COMMERCIAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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