Morrison Building Services (Cumbria) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08098500 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

MORRISON BUILDING SERVICES (CUMBRIA) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Morrison

SECRETARY:

REGISTERED OFFICE:

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

REGISTERED NUMBER:

08098500 (England and Wales)

ACCOUNTANTS:

Tattersall Bailey

Chartered Accountants

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

FIXED ASSETS

Intangible assets

2

9,000

12,000

Tangible assets

3

2,250

-

11,250

12,000

CURRENT ASSETS

Cash at bank

77

4,610

CREDITORS

Amounts falling due within one year

13,276

16,175

NET CURRENT LIABILITIES

(13,199

)

(11,565

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,949

)

435

PROVISIONS FOR LIABILITIES

450

-

NET (LIABILITIES)/ASSETS

(2,399

)

435

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(2,400

)

434

SHAREHOLDERS' FUNDS

(2,399

)

435

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 her 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 10 December 2014 and were signed by:

C Morrison - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Despite the apparent insolvent position the company continues to trade with the support of the director and

majority shareholder.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

15,000

AMORTISATION

At 1 June 2013

3,000

Amortisation for year

3,000

At 31 May 2014

6,000

NET BOOK VALUE

At 31 May 2014

9,000

At 31 May 2013

12,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,000

At 31 May 2014

3,000

DEPRECIATION

Charge for year

750

At 31 May 2014

750

NET BOOK VALUE

At 31 May 2014

2,250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

1

Ordinary

1.00

1

1