REGISTERED NUMBER: 04751885 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

MARTIALARTSHOP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M D Blakeway

SECRETARY:

Mrs D Blakeway

REGISTERED OFFICE:

9 Britton Drive

Wylde Green

Sutton Coldfield

West Midlands

B72 1EL

REGISTERED NUMBER:

04751885 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Tangible assets

2

3,031

3,392

CURRENT ASSETS

Stocks

82,431

85,375

Cash at bank and in hand

100,708

32,861

183,139

118,236

CREDITORS

Amounts falling due within one year

115,611

87,483

NET CURRENT ASSETS

67,528

30,753

TOTAL ASSETS LESS CURRENT LIABILITIES

70,559

34,145

CAPITAL AND RESERVES

Called up share capital

3

10

1

Profit and loss account

70,549

34,144

SHAREHOLDERS' FUNDS

70,559

34,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 February 2015 and were signed by:

Mr M D Blakeway - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

8,367

Additions

567

At 31 May 2014

8,934

DEPRECIATION

At 1 June 2013

4,975

Charge for year

928

At 31 May 2014

5,903

NET BOOK VALUE

At 31 May 2014

3,031

At 31 May 2013

3,392

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

1

(2013 - 1 )

9 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During this year, the director received dividends of £23,700 (2013 £15,000) in his capacity as shareholder.