MORRIS & MCGINN,LIMITED

MORRIS & MCGINN,LIMITED

MORRIS & MCGINN,LIMITED - Company Information

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1 January 2018 false No description of principal activity Taxfiler 2019.10.Web 00503067business:PrivateLimitedCompanyLtd2018-01-012018-12-31 005030672017-12-31 005030672018-01-012018-12-31 00503067business:AuditExempt-NoAccountantsReport2018-01-012018-12-31 00503067business:FullAccounts2018-01-012018-12-31 005030672018-12-31 00503067business:Director12018-01-012018-12-31 00503067business:Director22018-01-012018-12-31 00503067business:RegisteredOffice2018-01-012018-12-31 005030672017-12-31 00503067core:WithinOneYear2018-12-31 00503067core:WithinOneYear2017-12-31 00503067core:ShareCapital2018-12-31 00503067core:ShareCapital2017-12-31 00503067core:RevaluationReserve2018-12-31 00503067core:RevaluationReserve2017-12-31 00503067core:CapitalRedemptionReserve2018-12-31 00503067core:CapitalRedemptionReserve2017-12-31 00503067core:RetainedEarningsAccumulatedLosses2018-12-31 00503067core:RetainedEarningsAccumulatedLosses2017-12-31 00503067business:SmallEntities2018-01-012018-12-31 00503067countries:EnglandWales2018-01-012018-12-31 00503067core:LandBuildings2018-01-012018-12-31 00503067core:PlantMachinery2018-01-012018-12-31 00503067core:MotorVehicles2018-01-012018-12-31 00503067core:LandBuildings2017-12-31 00503067core:PlantMachinery2017-12-31 00503067core:MotorVehicles2017-12-31 00503067core:LandBuildings2018-12-31 00503067core:PlantMachinery2018-12-31 00503067core:MotorVehicles2018-12-31 005030672017-01-012017-12-31 iso4217:GBP xbrli:pure
Company Registration No. 00503067 (England and Wales)
MORRIS & MCGINN,LIMITED Unaudited accounts for the year ended 31 December 2018
MORRIS & MCGINN,LIMITED Unaudited accounts Contents
Page
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MORRIS & MCGINN,LIMITED Company Information for the year ended 31 December 2018
Directors
RC McGinn SF McGinn
Company Number
00503067 (England and Wales)
Registered Office
BROADMEADOW INDUSTRIAL ESTATE BISHOPSTEIGNTON ROAD TEIGNMOUTH DEVON TQ14 9AE
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MORRIS & MCGINN,LIMITED Statement of financial position as at 31 December 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
117,468 
126,644 
Current assets
Inventories
5
332,638 
324,835 
Debtors
6
161,192 
159,713 
Investments
7
1,200 
1,200 
Cash at bank and in hand
178,277 
98,625 
673,307 
584,373 
Creditors: amounts falling due within one year
8
(225,128)
(198,338)
Net current assets
448,179 
386,035 
Net assets
565,647 
512,679 
Capital and reserves
Called up share capital
1,400 
1,400 
Revaluation reserve
76,006 
76,006 
Capital redemption reserve
600 
600 
Profit and loss account
487,641 
434,673 
Shareholders' funds
565,647 
512,679 
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 April 2019.
RC McGinn Director Company Registration No. 00503067
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MORRIS & MCGINN,LIMITED Notes to the Accounts for the year ended 31 December 2018
1
Statutory information
MORRIS & MCGINN,LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00503067. The registered office is BROADMEADOW INDUSTRIAL ESTATE, BISHOPSTEIGNTON ROAD, TEIGNMOUTH, DEVON, TQ14 9AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
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MORRIS & MCGINN,LIMITED Notes to the Accounts for the year ended 31 December 2018
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2018
128,994 
117,316 
36,615 
282,925 
Additions
- 
1,912 
- 
1,912 
Disposals
- 
- 
(4,790)
(4,790)
At 31 December 2018
128,994 
119,228 
31,825 
280,047 
Depreciation
At 1 January 2018
39,751 
102,344 
14,186 
156,281 
Charge for the year
2,580 
3,377 
2,065 
8,022 
On disposals
- 
- 
(1,724)
(1,724)
At 31 December 2018
42,331 
105,721 
14,527 
162,579 
Net book value
At 31 December 2018
86,663 
13,507 
17,298 
117,468 
At 31 December 2017
89,243 
14,972 
22,429 
126,644 
The freehold land and buildings cost £53,798. They have been revalued by £71,202 : increased to £150,000 during the three years ended 31 December 1988 and subsequently reduced to £125,000 during the year ended 31 December 1998. There have been subsequent additions totalling £1,068 to the freehold property and £2,926 additions to a leasehold property.
5
Inventories
2018 
2017 
£ 
£ 
Finished goods
332,638 
324,835 
332,638 
324,835 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
157,422 
155,943 
Other debtors
3,770 
3,770 
161,192 
159,713 
7
Investments held as current assets
2018 
2017 
£ 
£ 
Unlisted investments
1,200 
1,200 
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MORRIS & MCGINN,LIMITED Notes to the Accounts for the year ended 31 December 2018
8
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
103,200 
105,959 
Taxes and social security
42,675 
32,587 
Other creditors
6,950 
4,282 
Loans from directors
72,303 
55,510 
225,128 
198,338 
9
Average number of employees
During the year the average number of employees was 15 (2017: 16).
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