Registration number:
A.& E.Marshall.Limited
for the Year Ended 31 December 2016
Chartered Accountants
Brunswick House
Harbour Business Park
Maryport
Cumbria
CA15 8BF
A.& E.Marshall.Limited
Contents
|
Company Information |
|
|
Accountants' Report |
|
|
Balance Sheet |
|
|
Notes to the Financial Statements |
A.& E.Marshall.Limited
Company Information
|
Director |
Mr A Marshall |
|
Registered office |
|
|
Bankers |
|
|
Accountants |
|
|
Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A.& E.Marshall.Limited
for the Year Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A.& E.Marshall.Limited for the year ended 31 December 2016 as set out on pages 3 to 7 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of A.& E.Marshall.Limited, as a body, in accordance with the terms of our engagement letter dated 5 May 2016. Our work has been undertaken solely to prepare for your approval the accounts of A.& E.Marshall.Limited and state those matters that we have agreed to state to the Board of Directors of A.& E.Marshall.Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.& E.Marshall.Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A.& E.Marshall.Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A.& E.Marshall.Limited. You consider that A.& E.Marshall.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 accounts of A.& E.Marshall.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 accounts.
......................................
Chartered Accountants
Harbour Business Park
Maryport
Cumbria
CA15 8BF
|
Page 2 |
A.& E.Marshall.Limited
(Registration number: 00439253)
Balance Sheet as at 31 December 2016
|
Note |
2016 |
2015 |
|
|
Fixed assets |
|||
|
Investment property |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current (liabilities)/assets |
( |
|
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Revaluation reserve |
|
|
|
|
Profit and loss account |
|
|
|
|
Total equity |
|
|
For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
|
Page 3 |
A.& E.Marshall.Limited
(Registration number: 00439253)
Balance Sheet as at 31 December 2016
Approved and authorised by the
.........................................
Mr A Marshall
Director
|
Page 4 |
A.& E.Marshall.Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
|
General information |
The company is a private company limited by share capital incorporated in United Kingdom.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
|
Page 5 |
A.& E.Marshall.Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
|
Investment properties |
|
2016 |
|
|
At 1 January |
|
Fair value of the company's investment property has been determined by the director.
There has been no valuation of investment property by an independent valuer.
|
Debtors |
|
2016 |
2015 |
|
|
Other debtors |
|
|
|
Total current trade and other debtors |
|
|
|
Page 6 |
A.& E.Marshall.Limited
Notes to the Financial Statements for the Year Ended 31 December 2016
|
Creditors |
|
Note |
2016 |
2015 |
|
|
Due within one year |
|||
|
Trade creditors |
- |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
|
|
Other creditors |
|
|
|
|
|
|
|
Page 7 |