Marcus Brook Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01371263 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Marcus Brook Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W M Spencer

SECRETARY:

Ms M D Lyons

REGISTERED OFFICE:

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

REGISTERED NUMBER:

01371263 (England and Wales)

ACCOUNTANTS:

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Tangible assets

2

1,020,061

949,373

CURRENT ASSETS

Stocks

-

253,417

Debtors

3,300

2,457

Cash at bank

18,885

78,892

22,185

334,766

CREDITORS

Amounts falling due within one year

(247,574

)

(472,736

)

NET CURRENT LIABILITIES

(225,389

)

(137,970

)

TOTAL ASSETS LESS CURRENT LIABILITIES

794,672

811,403

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

794,572

811,303

SHAREHOLDERS' FUNDS

794,672

811,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 January 2017 and were signed by:

W M Spencer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having considered the future trading prospects of the company, and the cash resources available, the director is of

the opinion that the financial statements should be prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil

Plant and machinery

-

25% on reducing balance and 15% on reducing balance

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.

Current asset investments

Current asset investments which are listed on recognised stock exchanges are stated at year end market value .

Current asset investments which are unlisted are stated at cost less provisions for reductions in value.

Joint venture

Costs appertaining to the joint venture are capitalised in the year in which they are incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

991,483

Additions

85,874

Disposals

(13,933

)

At 30 April 2016

1,063,424

DEPRECIATION

At 1 May 2015

42,110

Charge for year

1,253

At 30 April 2016

43,363

NET BOOK VALUE

At 30 April 2016

1,020,061

At 30 April 2015

949,373

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary

£1

100

100