Company Registration No. 06395304 (England and Wales)
J M MARRIOTT & CO (NORTH WEST) LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
J M MARRIOTT & CO (NORTH WEST) LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
J M MARRIOTT & CO (NORTH WEST) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF J M MARRIOTT & CO (NORTH WEST) LIMITED FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J M Marriott & Co (North West) Limited for the year ended 31 December 2015 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of J M Marriott & Co (North West) Limited, as a body, in accordance with the terms of our engagement letter dated 22 December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of J M Marriott & Co (North West) Limited and state those matters that we have agreed to state to the Board of Directors of J M Marriott & Co (North West) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J M Marriott & Co (North West) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that J M Marriott & Co (North West) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J M Marriott & Co (North West) Limited. You consider that J M Marriott & Co (North West) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of J M Marriott & Co (North West) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Moore and Smalley LLP
Chartered Accountants
Priory Close
St Marys Gate
Lancaster
LA1 1XB
29 September 2016
J M MARRIOTT & CO (NORTH WEST) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
53,341
53,410
Current assets
Debtors
95,005
84,433
Cash at bank and in hand
140,745
126,265
235,750
210,698
Creditors: amounts falling due within one year
(61,437)
(44,076)
Net current assets
174,313
166,622
Total assets less current liabilities
227,654
220,032
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
226,654
219,032
Shareholders' funds
227,654
220,032
For the financial year ended 31 December 2015 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 September 2016
Mr J M Timmis
Director
Company Registration No. 06395304
J M MARRIOTT & CO (NORTH WEST) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% straight line
Computer equipment
33.33% reducing balance
Fixtures, fittings & equipment
15% reducing balance
1.5
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.6
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
J M MARRIOTT & CO (NORTH WEST) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
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2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
82,199
Depreciation
At 1 January 2015
28,789
Charge for the year
69
At 31 December 2015
28,858
Net book value
At 31 December 2015
53,341
At 31 December 2014
53,410
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
500 'A' Ordinary shares of £1 each
500
500
500 'B' Ordinary shares of £1 each
500
500
1,000
1,000