Allan Morris & Jones Ltd - Accounts to registrar (filleted) - small 18.2
Allan Morris & Jones Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st March 2020 |
for |
Allan Morris & Jones Ltd |
Allan Morris & Jones Ltd (Registered number: 08011165) |
Contents of the Financial Statements |
for the Year Ended 31st March 2020 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Allan Morris & Jones Ltd |
Company Information |
for the Year Ended 31st March 2020 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Thorneloe House |
25 Barbourne Road |
Worcester |
Worcestershire |
WR1 1RU |
Allan Morris & Jones Ltd (Registered number: 08011165) |
Abridged Balance Sheet |
31st March 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Allan Morris & Jones Ltd (Registered number: 08011165) |
Abridged Balance Sheet - continued |
31st March 2020 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Allan Morris & Jones Ltd (Registered number: 08011165) |
Notes to the Financial Statements |
for the Year Ended 31st March 2020 |
1. | STATUTORY INFORMATION |
Allan Morris & Jones Ltd is a |
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 |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
GOODWILL |
Goodwill included in the accounts is the amount paid in connection with the acquisition of a business in both |
2009 and 2012. Goodwill had not previously been amortised by the directors as it was believed that there has |
been no diminution in the value of goodwill. |
In line with FRS 102 and taking into account the reduction in company profits during the year, the directors have |
decided to amortise goodwill over a useful life of 10 years, this amortisation has been calculated from the |
acquisition dates. |
INTANGIBLE ASSETS |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
TANGIBLE FIXED ASSETS |
Fixtures and fittings | - |
Computer equipment | - |
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. |
HIRE PURCHASE AND LEASING COMMITMENTS |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
Allan Morris & Jones Ltd (Registered number: 08011165) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2019 |
and 31st March 2020 |
AMORTISATION |
At 1st April 2019 |
Amortisation for year |
At 31st March 2020 |
NET BOOK VALUE |
At 31st March 2020 |
At 31st March 2019 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2019 |
Additions |
At 31st March 2020 |
DEPRECIATION |
At 1st April 2019 |
Charge for year |
At 31st March 2020 |
NET BOOK VALUE |
At 31st March 2020 |
At 31st March 2019 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1st April 2019 |
and 31st March 2020 | 3,000 |
NET BOOK VALUE |
At 31st March 2020 | 3,000 |
At 31st March 2019 | 3,000 |
Allan Morris & Jones Ltd (Registered number: 08011165) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2020 |
7. | GOING CONCERN |
As at 31 March 2020 the Balance Sheet showed net liabilities of £79,090. The bank and the director have |
agreed to continue to support the company for the foreseeable future which has enabled the accounts to be |
drawn up on a going concern basis. |