Marc Sharpe Limited - Period Ending 2015-12-31

Registration number: 08099246

Marc Sharpe Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Andrew Keates & Associates Limited
Accountants & Tax Advisors
Clock Tower House
Trueman Street
Liverpool
Merseyside
L3 2BA

Marc Sharpe Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Marc Sharpe Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marc Sharpe Limited for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Marc Sharpe Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Marc Sharpe Limited and state those matters that we have agreed to state to them, 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 Marc Sharpe Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Marc Sharpe Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marc Sharpe Limited. You consider that Marc Sharpe 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 accounts of Marc Sharpe 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 accounts.

......................................

Andrew Keates & Associates Limited
Accountants & Tax Advisors
Clock Tower House
Trueman Street
Liverpool
Merseyside
L3 2BA

9 May 2016

Page 1

Marc Sharpe Limited
(Registration number: 08099246)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £			31 December 2014 £
Fixed assets
Tangible fixed assets					6,673			-
Current assets
Debtors					6,002			-
Investments					-			369,562
Cash at bank and in hand					186,577			15,602
					192,579			385,164
Creditors: Amounts falling due within one year					(115,630)			(381,483)
Net current assets					76,949			3,681
Net assets					83,622			3,681
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					82,622			2,681
Shareholders' funds					83,622			3,681

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 9 May 2016 and signed on its behalf by:

.........................................
Mr M Sharpe
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Marc Sharpe Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	20% on reducing balance.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		8,896			8,896
At 31 December 2015		8,896			8,896
Depreciation
Charge for the year		2,223			2,223
At 31 December 2015		2,223			2,223
Net book value
At 31 December 2015		6,673			6,673

Page 3

Marc Sharpe Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 December 2015						31 December 2014
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

4	Related party transactions

Directors' advances and credits

	Year ended 31 December 2015 Advance/ Credit £	Year ended 31 December 2015 Repaid £	1 July 2013 to 31 December 2014 Advance/ Credit £	1 July 2013 to 31 December 2014 Repaid £
Mr M Sharpe
Directors loan account	-	-	401	-

Page 4