Registered number
10679461
MARTECH ALLIANCE LIMITED
Filleted Accounts
31 March 2018
MARTECH ALLIANCE LIMITED
Registered number: 10679461
Balance Sheet
as at 31 March 2018
Notes 2018
£
Current assets
Debtors 2 745
Cash at bank and in hand 3,774
4,519
Creditors: amounts falling due within one year 3 (28,897)
Net current liabilities (24,378)
Net liabilities (24,378)
Capital and reserves
Called up share capital 100
Profit and loss account (24,478)
Shareholder's funds (24,378)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carlos Doughty
Director
Approved by the board on 1 November 2018
MARTECH ALLIANCE LIMITED
Notes to the Accounts
for the period from 20 March 2017 to 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Debtors 2018
£
Other debtors 745
3 Creditors: amounts falling due within one year 2018
£
Other creditors 28,897
4 Other information
MARTECH ALLIANCE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Wework
41 Corsham Street
Hoxton
London
N1 6DR
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