Abbreviated Company Accounts - MARXPHOTO LTD

08433964 MARXPHOTO LTD 2014-03-31 false 2013-03-07 2014-03-31 true 08433964 2013-03-07 2014-03-31 08433964 2014-03-31 08433964 uk-gaap-cd-bus:Director1 2013-03-07 2014-03-31 08433964 uk-gaap-cd-bus:Director2 2013-03-07 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-07 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-07 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 08433964

MARXPHOTO LTD

Abbreviated Accounts

31 March 2014

MARXPHOTO LTD Registered Number 08433964

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	8,290
		8,290
Current assets
Stocks		1,500
Debtors		1,583
Cash at bank and in hand		191
		3,274
Creditors: amounts falling due within one year		(26,128)
Net current assets (liabilities)		(22,854)
Total assets less current liabilities		(14,564)
Total net assets (liabilities)		(14,564)
Capital and reserves
Called up share capital	3	300
Profit and loss account		(14,864)
Shareholders' funds		(14,564)

For the year ending 31 March 2014 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 16 September 2014

And signed on their behalf by:
M Farquharson, Director

MARXPHOTO LTD Registered Number 08433964

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern
At the year end the company had net liabilities of £14,564. The continuation of the company's activities is dependent on the continued support of its director. The financial statements have been prepared on the going concern basis on the understanding that his support will continue.

2Tangible fixed assets

	£
Cost
Additions	11,065
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	11,065
Depreciation
Charge for the year	2,775
On disposals	-
At 31 March 2014	2,775
Net book values
At 31 March 2014	8,290

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
2,500 Ordinary shares of £0.06 each	150
150 Ordinary shares of £1 each	150

On 7 March 2013 2,500 6p Ordinary shares and 150 £1 Ordinary shares were issued at par for cash.