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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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MARK SANGSTER LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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MARK SANGSTER LIMITED |
MARK SANGSTER LIMITED (REGISTERED NUMBER: 08224242) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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MARK SANGSTER LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
MARK SANGSTER LIMITED (REGISTERED NUMBER: 08224242) |
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STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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MARK SANGSTER LIMITED (REGISTERED NUMBER: 08224242) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Mark Sangster Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates,value added tax and other sales taxes. Turnover is recognised when the services are provided |
to the customer. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between |
the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is |
recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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However, deferred tax asset is recognised only to the extent that the directors consider that it is more |
likely that not that there will be suitable taxable profits from which the future reversal of the underlying |
timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the |
tax rates that are expected to apply in the periods in which timing differences reverse, based on tax |
rates and law enacted or substantively enacted at the balance sheet date.. |
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Going concern |
At the balance sheet date, the company's liabilities exceeded its assets. The company has received |
assurance from the directors that they will continue to give financial support to the company for twelve |
months from the date of signing these financial statements. On this basis, the directors consider it |
appropriate to prepare the accounts on a going concern basis. However, should the financial support |
mentioned above not be forthcoming, the going concern basis used in preparing the company's |
accounts may be invalid and adjustments would have to be made to reduce the value of assets to the |
their realisable amount and to provide for any further liabilities which might arise. The accounts do not |
include any adjustment to the company's assets or liabilities that might be necessary should this basis |
not continue to be appropriate. |
MARK SANGSTER LIMITED (REGISTERED NUMBER: 08224242) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2017 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
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COST |
At 1 January 2017 |
and 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Taxation and social security |
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Other creditors |
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