Morgan & Morgan Builders Limited - Accounts to registrar (filleted) - small 18.2

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

MORGAN & MORGAN BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Morgan

J W Morgan

SECRETARY:

J W Morgan

REGISTERED OFFICE:

Nethergers

Church Lane

Robertsbridge

East Sussex

TN32 5PH

REGISTERED NUMBER:

04971923

ACCOUNTANTS:

Radmor Accountancy Services Limited

Nethergers

Church Lane

Robertsbridge

East Sussex

TN32 5PH

FIXED ASSETS

Tangible assets

4

3,854

4,935

CURRENT ASSETS

Stocks

210

250

Debtors

5

15,120

7,486

Cash at bank

583

13,093

15,913

20,829

CREDITORS

Amounts falling due within one year

6

18,911

24,911

NET CURRENT LIABILITIES

(2,998

)

(4,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

856

853

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

756

753

856

853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 December 2019 and were signed on its behalf by:

J W Morgan - Director

1.	STATUTORY INFORMATION

Morgan & Morgan Builders Limited is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

6,070

5,995

12,065

DEPRECIATION

At 1 April 2018

4,507

2,623

7,130

Charge for year

238

843

1,081

At 31 March 2019

4,745

3,466

8,211

NET BOOK VALUE

At 31 March 2019

1,325

2,529

3,854

At 31 March 2018

1,563

3,372

4,935

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

5,403

7,364

Directors' current accounts

9,717

-

Prepayments

-

122

15,120

7,486

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

919

2,932

Corporation tax

14,121

15,659

Salary control

-

680

VAT

3,119

4,526

Directors' current accounts

2

364

Accrued expenses

750

750

18,911

24,911

7.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the year end.

8.	CAPITAL COMMITMENTS

The company had no capital commitments at the year end.

9.	RELATED PARTY DISCLOSURES

At the year end the directors owed to the company an amount of £9,715 (2018 - Owed to the directors £364).

This sum has been cleared since the year end.

10.	POST BALANCE SHEET EVENTS

There have been no significant Post Balance Sheet Events.

11.	ULTIMATE CONTROLLING PARTY

As the sole directors and shareholders Mr Roger Morgan and Mr James Morgan are the ultimate controlling

parties.