Dr Morton's Limited Filleted accounts for Companies House (small and micro)

DR MORTON'S LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08782411

Dr Morton's Limited

Filleted Unaudited Financial Statements

30 November 2018

Dr Morton's Limited

Statement of Financial Position

30 November 2018

	2018		2017
	£	£	£
Fixed assets		7,170	15,432
		-------	--------

Current assets	135,632		105,087
Prepayments and accrued income	11,750		9,244
	---------		---------
		147,382	114,331

Creditors: amounts falling due within one year	36,796	35,756
	---------	---------
Net current assets	110,586	78,575
	---------	--------
Total assets less current liabilities	117,756	94,007

Creditors: amounts falling due after more than one year		1,147,645	1,410,004

Accruals and deferred income	–	7,623
	------------	------------
	(1,029,889)	(1,323,620)
	------------	------------

Capital and reserves	( 1,029,889)	( 1,323,620)
	------------	------------

Notes to the financial statements

1. Employee numbers excluding doctors and contractors.

The average number of persons employed by the company during the year amounted to 5 (2017: 5 ).

2. Fixed assets

Fixed assets do not include website and software development costs which were recorded as an expense when incurred.

3. Tax losses

In accordance with FRS105, no deferred tax asset has been recognised but the company has the benefit of £1,229,846 carried forward tax losses (2017 - £1,090,829).

4. Loans from directors

Loans from Directors are from Mr J Wilkes and Dr K Morton who are the executive directors and controlling shareholders of the company. The net assets owned by Mr J Wilkes upon incorporation of the company were transferred into the company at cost and loans were extended in return for a fixed and floating charge over the website and software development assets and related computer and telephony equipment of the company. At the year end, the balance of the loan to the company by Mr J Wilkes over which the fixed and floating charge relates amounted to £402,305 (2017: £398,014).

For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 24 December 2018 , and are signed on behalf of the board by:

Mr J Wilkes

Director

Company registration number: 08782411

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 201 Chapelier House, Eastfields Avenue, London, SW18 1LR, United Kingdom.