Malcolm Marsdin & Company Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02089203 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Malcolm Marsdin & Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Malcolm Marsdin

SECRETARY:

Mrs Catherine Louise Steadman

REGISTERED OFFICE:

Survey House

10B Jay Mews

Knightsbridge

London

SW7 2EP

REGISTERED NUMBER:

02089203 (England and Wales)

ACCOUNTANTS:

Limelight Accountancy Ltd

99 Weyhill

Haslemere

Surrey

GU27 1HT

FIXED ASSETS

Tangible assets

4

37,268

7,078

CURRENT ASSETS

Debtors

5

80,020

115,120

Cash at bank

403,805

483,966

483,825

599,086

CREDITORS

Amounts falling due within one year

6

33,147

61,863

NET CURRENT ASSETS

450,678

537,223

TOTAL ASSETS LESS CURRENT LIABILITIES

487,946

544,301

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

487,846

544,201

SHAREHOLDERS' FUNDS

487,946

544,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 December 2017 and were signed by:

Mr Malcolm Marsdin - Director

1.	STATUTORY INFORMATION

Malcolm Marsdin & Company Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

40,074

Additions

34,867

Disposals

(17,620

)

At 31 March 2017

57,321

DEPRECIATION

At 1 April 2016

32,996

Charge for year

3,221

Eliminated on disposal

(16,164

)

At 31 March 2017

20,053

NET BOOK VALUE

At 31 March 2017

37,268

At 31 March 2016

7,078

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

8,100

Other debtors

80,020

107,020

80,020

115,120

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

935

2,374

Taxation and social security

254

30,508

Other creditors

31,958

28,981

33,147

61,863