Morecambe Antiques Limited - Limited company - abbreviated - 11.6

Morecambe Antiques Limited - Limited company - abbreviated - 11.6

MORECAMBE ANTIQUES LIMITED - Company Information

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REGISTERED NUMBER: 04992560 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

MORECAMBE ANTIQUES LIMITED

MORECAMBE ANTIQUES LIMITED (REGISTERED NUMBER: 04992560)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

MORECAMBE ANTIQUES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTORS: T Martin
Mrs H Martin





SECRETARY: Mrs H Martin





REGISTERED OFFICE: 1 Paper Mews
330 High Street
Dorking
Surrey
RH4 2TU





REGISTERED NUMBER: 04992560 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
1 Paper Mews
330 High Street
Dorking
Surrey
RH4 2TU
Page 1
MORECAMBE ANTIQUES LIMITED (REGISTERED NUMBER: 04992560)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

31/12/14 31/12/13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 - 147,887
- 147,887

CURRENT ASSETS
Stocks 185,000 185,000
Debtors 1,382 1,652
Cash at bank 133,731 314
320,113 186,966
CREDITORS
Amounts falling due within one year 600 4,984
NET CURRENT ASSETS 319,513 181,982
TOTAL ASSETS LESS CURRENT
LIABILITIES
319,513
329,869

CREDITORS
Amounts falling due after more than one
year
870,661
857,150
NET LIABILITIES (551,148 ) (527,281 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (551,248 ) (527,381 )
SHAREHOLDERS' FUNDS (551,148 ) (527,281 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
MORECAMBE ANTIQUES LIMITED (REGISTERED NUMBER: 04992560)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 24 April 2015 and were signed on its behalf by:




T Martin - Director



Mrs H Martin - Director


The notes form part of these abbreviated accounts

Page 3
MORECAMBE ANTIQUES LIMITED (REGISTERED NUMBER: 04992560)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on the going concern basis on the assumption that the company will continue to
receive the support of its directors.

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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

Land and buildings - over the term of the lease

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

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 125,000
AMORTISATION
At 1 January 2014
and 31 December 2014 125,000
NET BOOK VALUE

At 31 December 2014 -
At 31 December 2013 -

Page 4 continued...
MORECAMBE ANTIQUES LIMITED (REGISTERED NUMBER: 04992560)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 252,500
Disposals (252,500 )
At 31 December 2014 -
DEPRECIATION
At 1 January 2014 104,613
Eliminated on disposal (104,613 )
At 31 December 2014 -
NET BOOK VALUE
At 31 December 2014 -
At 31 December 2013 147,887

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/14 31/12/13
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H Martin.


Page 5