R. W. Mogridge Limited - Period Ending 2020-08-31

R. W. Mogridge Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

R. W. Mogridge Limited

Balance Sheet

31 August 2020

	Note	2020 £	2019 £
Fixed assets
Tangible assets	4	6,262	6,262
Current assets
Debtors	5	23,280	23,563
Cash at bank and in hand		67,146	77,570
		90,426	101,133
Creditors: Amounts falling due within one year	6	(2,295)	(3,062)
Net current assets		88,131	98,071
Net assets		94,393	104,333
Capital and reserves
Called up share capital		100	100
Profit and loss account		94,293	104,233
Shareholders' funds		94,393	104,333

R. W. Mogridge Limited

Balance Sheet

31 August 2020

For the financial year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 May 2021 and signed on its behalf by:
 

........................................... V L Torrington Director

Company Registration Number: 00897909

R. W. Mogridge Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Towngate House
2-8 Parkstone
Poole
Dorset
BH15 PW

The principal place of business is:
7 Winkton House
Salisbury Road
Winkton
Christchurch
Dorset
BH23 7AR

These financial statements were authorised for issue by the Board on 14 May 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings	Not depreciated

R. W. Mogridge Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2020

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.



 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

R. W. Mogridge Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2020

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 September 2019	6,262	6,262
At 31 August 2020	6,262	6,262
Carrying amount
At 31 August 2020	6,262	6,262
At 31 August 2019	6,262	6,262

5

Debtors

	2020 £	2019 £
Other debtors	23,280	23,563
	23,280	23,563

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Accruals and deferred income	2,295	3,062

R. W. Mogridge Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2020

7	Related party transactions

2020	At 1 September 2019 £	Advances £	Repayments £	At 31 August 2020 £
Key Management
	23,563	38,963	(39,246)	23,280

This balance will be repaid within 9 months of the year end.