Abbreviated Company Accounts - MARTIN SPENCER & CO LIMITED

Abbreviated Company Accounts - MARTIN SPENCER & CO LIMITED


Registered Number 06096125

MARTIN SPENCER & CO LIMITED

Abbreviated Accounts

26 February 2016

MARTIN SPENCER & CO LIMITED Registered Number 06096125

Abbreviated Balance Sheet as at 26 February 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - 1
Tangible assets 3 5,734 22,870
5,734 22,871
Current assets
Debtors 99,415 38,766
Cash at bank and in hand 1 28,041
99,416 66,807
Net current assets (liabilities) 99,416 66,807
Total assets less current liabilities 105,150 89,678
Creditors: amounts falling due after more than one year (92,113) (66,243)
Provisions for liabilities - (3,766)
Total net assets (liabilities) 13,037 19,669
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,036 19,668
Shareholders' funds 13,037 19,669
  • For the year ending 26 February 2016 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 January 2017

And signed on their behalf by:
Robert Pearce, Director

MARTIN SPENCER & CO LIMITED Registered Number 06096125

Notes to the Abbreviated Accounts for the period ended 26 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 25 per cent straight line. Motor vehicles 25 per cent straight line.

Intangible assets amortisation policy
Acquired Goodwill is written off in equal annual instalments over its estimated useful life.

2Intangible fixed assets
£
Cost
At 27 February 2015 10
Additions -
Disposals (10)
Revaluations -
Transfers -
At 26 February 2016 0
Amortisation
At 27 February 2015 9
Charge for the year -
On disposals (9)
At 26 February 2016 0
Net book values
At 26 February 2016 0
At 26 February 2015 1
3Tangible fixed assets
£
Cost
At 27 February 2015 26,891
Additions 166
Disposals (14,064)
Revaluations -
Transfers -
At 26 February 2016 12,993
Depreciation
At 27 February 2015 4,021
Charge for the year 3,248
On disposals (10)
At 26 February 2016 7,259
Net book values
At 26 February 2016 5,734
At 26 February 2015 22,870