Moorbrock Estate Limited - Limited company accounts 18.2
Moorbrock Estate Limited - Limited company accounts 18.2
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 30th April 2019 |
| for |
| Moorbrock Estate Limited |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Contents of the Financial Statements |
| for the Year Ended 30th April 2019 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Statement of Income and Retained Earnings | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 | to | 7 |
| Moorbrock Estate Limited |
| Company Information |
| for the Year Ended 30th April 2019 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Dumfries Enterprise Park |
| Heathhall |
| Dumfries |
| DUMFRIESSHIRE |
| DG1 3SJ |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Report of the Director |
| for the Year Ended 30th April 2019 |
| The director presents his report with the financial statements of the company for the year ended 30th April 2019. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Statement of Income and Retained Earnings |
| for the Year Ended 30th April 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| REVENUE |
| Cost of sales | ( |
) | ( |
) |
| GROSS LOSS | ( |
) | ( |
) |
| Administrative expenses | ( |
) | ( |
) |
| (143,610 | ) | (141,748 | ) |
| Other operating income |
| OPERATING (LOSS)/PROFIT | 4 | ( |
) |
| Interest payable and similar expenses | ( |
) | ( |
) |
| (LOSS)/PROFIT BEFORE TAXATION | ( |
) |
| Tax on (loss)/profit |
| (LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
) |
| Retained earnings at beginning of year | ( |
) | ( |
) |
| RETAINED EARNINGS AT END OF YEAR | ( |
) | ( |
) |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Balance Sheet |
| 30th April 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director on |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Notes to the Financial Statements |
| for the Year Ended 30th April 2019 |
| 1. | STATUTORY INFORMATION |
| Moorbrock Estate Limited is a |
| and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue 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 |
| Plant and machinery etc | - |
| Amounts written off each asset over the estimated useful life represent cost less residual value. |
| The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. |
| Stocks |
| Inventories 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 Statement of Income and Retained |
| Earnings, 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. |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are |
| readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
| Trade debtors |
| Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of |
| business. |
| Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged |
| to customers, including any amounts charged on for third parties. |
| Trade creditors |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from |
| suppliers. |
| Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the |
| reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an |
| unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current |
| liabilities. |
| Borrowings |
| Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are |
| subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount |
| due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. |
| Provisions and contingencies |
| Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is |
| probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be |
| estimated reliably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING (LOSS)/PROFIT |
| The operating loss (2018 - operating profit) is stated after charging: |
| 2019 | 2018 |
| £ | £ |
| Depreciation - owned assets |
| Moorbrock Estate Limited (Registered number: SC124137) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th April 2019 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st May 2018 |
| and 30th April 2019 |
| DEPRECIATION |
| At 1st May 2018 |
| Charge for year |
| At 30th April 2019 |
| NET BOOK VALUE |
| At 30th April 2019 |
| At 30th April 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Other creditors |