Martin Property Care Limited - Period Ending 2016-10-31

Registration number: SC367461

Martin Property Care Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

Martin Property Care Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Martin Property Care Limited
(Registration number: SC367461)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					5,145			8,890
Current assets
Stocks					11,025			12,570
Debtors					17,878			30,842
Cash at bank and in hand					6,707			3,808
					35,610			47,220
Creditors: Amounts falling due within one year					(37,527)			(43,241)
Net current (liabilities)/assets					(1,917)			3,979
Total assets less current liabilities					3,228			12,869
Creditors: Amounts falling due after more than one year					(2,281)			(5,703)
Provisions for liabilities					(836)			(1,542)
Net assets					111			5,624
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					11			5,524
Shareholders' funds					111			5,624

For the year ending 31 October 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 director acknowledges his 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 director on 22 May 2017

.........................................
Mr PD Martin
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Martin Property Care Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... 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.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures and fittings	20% on cost
Motor vehicles	25% on cost
Computer equipment	33% on cost

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date.

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.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Martin Property Care Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		59,156			59,156
Additions		978			978
At 31 October 2016		60,134			60,134
Depreciation
At 1 November 2015		50,266			50,266
Charge for the year		4,723			4,723
At 31 October 2016		54,989			54,989
Net book value
At 31 October 2016		5,145			5,145
At 31 October 2015		8,890			8,890

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		3,422			3,422
Amounts falling due after more than one year		2,281			5,703
Total secured creditors		5,703			9,125

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3