Markup Systems Ltd

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: SC277961

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,013		1,839

			2,013		1,839
CURRENT ASSETS
Debtors	6	3,992		4,492
Cash at bank and in hand		2,607		2,421

		6,599		6,913
Creditors: Amounts Falling Due Within One Year	7	(1,200 )		(1,200 )

NET CURRENT ASSETS (LIABILITIES)			5,399		5,713

TOTAL ASSETS LESS CURRENT LIABILITIES			7,412		7,552

NET ASSETS			7,412		7,552

CAPITAL AND RESERVES
Called up share capital	8		100		100
Other reserves			8,978		8,978
Profit and loss account			(1,666 )		(1,526 )

SHAREHOLDERS' FUNDS			7,412		7,552

Page 1

Markup Systems Ltd

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Dr Henry Thompson

03/05/2017

	Share Capital	Other reserves	Profit & Loss Account	Total
	£	£	£	£
As at 1 April 2015	100	8,978	(587 )	8,491
Loss for the year and total comprehensive income	-	-	(439 )	(439)

Dividends paid	-	-	(500)	(500)

As at 31 March 2016 and 1 April 2016	100	8,978	(1,526 )	7,552


Profit for the year and total comprehensive income	-	-	360	360

Dividends paid	-	-	(500)	(500)

As at 31 March 2017	100	8,978	(1,666 )	7,412

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

33%

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2017	2016
	£	£
Wages and salaries	273,461	244,916

	273,461	244,916

4. Average number of employees

Average number of employees, including directors, during the year was as follows: 3

	2017	2016
Manufacturing	3	-

	3	-

Page 4

Markup Systems Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

5. Tangible Assets


	Plant & Machinery
	£
Cost
As at 1 April 2016	3,922
Additions	1,166

As at 31 March 2017	5,088

Depreciation
As at 1 April 2016	2,083
Provided during the period	992

As at 31 March 2017	3,075

Net Book Value
As at 31 March 2017	2,013

As at 1 April 2016	1,839

6. Debtors

	2017	2016
	£	£
Due after more than one year
Trade debtors	492	-
Other debtors	3,500	16
Other debtors (1)	-	4,476

	3,992	4,492

7. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	1,200	1,200

	1,200	1,200

8. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

9. Transactions With and Loans to Directors

Dividends paid to directors

Page 5

Markup Systems Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

10. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	500	500

	500	500

11. Ultimate Controlling Party

The company's ultimate controlling party is Dr Henry Thompson by virtue of his ownership of 100% of the issued share capital in the company.

12. General Information

Markup Systems Ltd Registered number SC277961 is a limited by shares company incorporated in Scotland. The Registered Office is Cavers Garden Farm, Hawick, TD9 8LN.