Company Registration No. 3885253 (England and Wales)
Marshall Industrial Supplies Limited
Abbreviated unaudited accounts
for the year ended 30 June 2016
Marshall Industrial Supplies Limited
Abbreviated Balance Sheet
as at
30 June 2016
Intangible assets
28,800
28,800
Tangible assets
46,059
26,670
Cash at bank and in hand
11,915
-
Creditors: amounts falling due within one year
(326,537)
(306,603)
Net current assets
247,546
102,525
Total assets less current liabilities
322,405
157,995
Creditors: amounts falling due after more than one year
(7,394)
-
Net assets
315,011
157,995
Called up share capital
100
100
Profit and loss account
314,911
157,895
Total shareholders' funds
315,011
157,995
For the year ending 30 June 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 29 March 2017
M R Albone
Director
Company Registration No. 3885253
Marshall Industrial Supplies Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Intangible fixed assets
Marshall Industrial Supplies Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
Charge for the year
15,250
4
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100