Abbreviated Company Accounts - MORESBY SERVICES LIMITED

MORESBY SERVICES LIMITED - Company Information

07108693 MORESBY SERVICES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 07108693 2013-01-01 2013-12-31 07108693 2013-12-31 07108693 2012-12-31 07108693 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07108693 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 07108693

MORESBY SERVICES LIMITED

Abbreviated Accounts

31 December 2013

MORESBY SERVICES LIMITED Registered Number 07108693

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		1	1
Fixed assets
Tangible assets	2	202,306	-
		202,306	-
Current assets
Debtors	3	1,392,587	1,361,638
Cash at bank and in hand		7,159	110,017
		1,399,746	1,471,655
Creditors: amounts falling due within one year		(1,071)	(1,066)
Net current assets (liabilities)		1,398,675	1,470,589
Total assets less current liabilities		1,600,982	1,470,590
Creditors: amounts falling due after more than one year		(1,634,285)	(1,468,903)
Total net assets (liabilities)		(33,303)	1,687
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(33,304)	1,686
Shareholders' funds		(33,303)	1,687

For the year ending 31 December 2013 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 March 2015

And signed on their behalf by:
Anzelika Young, Director

MORESBY SERVICES LIMITED Registered Number 07108693

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

Other accounting policies
Foreign currencies: Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2013	-
Additions	202,306
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	202,306
Depreciation
At 1 January 2013	-
Charge for the year	-
On disposals	-
At 31 December 2013	-
Net book values
At 31 December 2013	202,306
At 31 December 2012	-

3Debtors

	2013 £	2012 £
Debtors include the following amounts due after more than one year	1,392,587	1,361,638

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1