MARATHON_FOOD_LIMITED - Accounts

MARATHON FOOD LIMITED - Company Information

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Company Registration No. 02038859 (England and Wales)

MARATHON FOOD LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

MARATHON FOOD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

48,925

34,059

Current assets

Stocks

442,450

298,604

Debtors

196,761

123,363

Cash at bank and in hand

1,533

5,032

640,744

426,999

Creditors: amounts falling due within one year

(310,041)

(198,679)

Net current assets

330,703

228,320

Total assets less current liabilities

379,628

262,379

Capital and reserves

Called up share capital

Profit and loss account

379,626

262,377

Shareholders' funds

379,628

262,379

For the financial year ended 31 March 2014 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 her 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 for issue on 10 October 2014

S Papanicolaou

Director

Company Registration No. 02038859

MARATHON FOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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 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:

Plant and machinery

20% reducing balance

Computer equipment

33% on cost

Fixtures, fittings & equipment

15% reducing balance

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2013

133,122

Additions

35,141

Disposals

(33,533)

At 31 March 2014

134,730

Depreciation

At 1 April 2013

99,063

On disposals

(27,354)

Charge for the year

14,096

At 31 March 2014

85,805

Net book value

At 31 March 2014

48,925

At 31 March 2013

34,059

Share capital

2014

2013

Allotted, called up and fully paid

200 Ordinary shares of 1p each