Mortimers Building Surveyors Limited Filleted accounts for Companies House (small and micro)

MORTIMERS BUILDING SURVEYORS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08837693

MORTIMERS BUILDING SURVEYORS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2018

MORTIMERS BUILDING SURVEYORS LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2018

	2018		2017
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		2,242		2,956

CURRENT ASSETS

Debtors	6	3,420	1,750
Cash at bank and in hand		107,356	46,449
		---------	--------
		110,776	48,199

CREDITORS: Amounts falling due within one year	7	26,740		24,479
		---------		--------
NET CURRENT ASSETS			84,036		23,720
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			86,278		26,676
			--------		--------
NET ASSETS			86,278		26,676
			--------		--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	86,178	26,576
	--------	--------
SHAREHOLDERS FUNDS	86,278	26,676
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MORTIMERS BUILDING SURVEYORS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2018

These financial statements were approved by the board of directors and authorised for issue on 29 March 2019 , and are signed on behalf of the board by:

P.J. Crowther
Director

Company registration number: 08837693

MORTIMERS BUILDING SURVEYORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 6A Ribble Court, 1 Mead Way, Shuttleworth Mead Business Park, Padiham, Lancashire, BB12 7NG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

(d) Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% per annum reducing balance
Equipment	-	`25% per annum reducing balance`

(g) Financial instruments

Basic financial instruments are recognised at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. TANGIBLE ASSETS

	Fixtures & Fittings	Equipment	Total
	£	£	£
Cost
At 1 November 2017 and 31 October 2018	447	5,193	5,640
	----	-------	-------
Depreciation
At 1 November 2017	189	2,495	2,684
Charge for the year	39	675	714
	----	-------	-------
At 31 October 2018	228	3,170	3,398
	----	-------	-------
Carrying amount
At 31 October 2018	219	2,023	2,242
	----	-------	-------
At 31 October 2017	258	2,698	2,956
	----	-------	-------

6. DEBTORS

	2018	2017
	£	£
Trade debtors	3,420	1,750
	-------	-------

7. CREDITORS: Amounts falling due within one year

	2018	2017
	£	£
Accruals and deferred income	720	720
Corporation tax	17,665	16,578
Social security and other taxes	7,622	6,098
Director loan accounts	733	1,083
	--------	--------
	26,740	24,479
	--------	--------

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There are no transactions with directors that require disclosure under FRS 102.

9. RELATED PARTY TRANSACTIONS

The company was under the control of the director, Mr P.J. Crowther , throughout the year. During the year the company paid dividends to the director amounting to £7,500.