Moor Hill Fisheries Limited - Limited company - abbreviated

REGISTERED NUMBER: 07759310 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

MOOR HILL FISHERIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J L Murphy

Mrs B Murphy

SECRETARY:

J L Murphy

REGISTERED OFFICE:

24 Moor Hill

Norden

Rochdale

OL11 5YB

REGISTERED NUMBER:

07759310 (England and Wales)

ACCOUNTANTS:

Wyatt, Morris, Golland Ltd

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Intangible assets

2

230,000

Tangible assets

3

26,675

31,010

256,675

261,010

CURRENT ASSETS

Stocks

5,515

4,921

Debtors

34,279

31,969

Cash at bank and in hand

54,081

34,759

93,875

71,649

CREDITORS

Amounts falling due within one year

69,219

71,702

NET CURRENT ASSETS/(LIABILITIES)

24,656

(53

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

281,331

260,957

CREDITORS

Amounts falling due after more than one
year

304,000

NET LIABILITIES

(22,669

)

(43,043

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(22,769

)

(43,143

)

SHAREHOLDERS' FUNDS

(22,669

)

(43,043

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 29 June 2015 and were signed on its behalf by:

J Murphy - Director

Mrs B Murphy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

The goodwill arising on the purchase of the business has not been amortised as the directors believe that the

value of the business has increased since the purchase and do not consider that it is currently necessary to

amortise the goodwill cost.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Going concern

The accounts have been prepared on a Going Concern basis as, although the company has negative reserves, the

director intends to continue to support the business and expects the business to be profitable in future years.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

230,000

NET BOOK VALUE

At 30 September 2014

230,000

At 30 September 2013

230,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

52,079

Additions

4,557

At 30 September 2014

56,636

DEPRECIATION

At 1 October 2013

21,069

Charge for year

8,892

At 30 September 2014

29,961

NET BOOK VALUE

At 30 September 2014

26,675

At 30 September 2013

31,010

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

100

Moor Hill Fisheries Limited - Limited company - abbreviated - 11.6

Moor Hill Fisheries Limited - Limited company - abbreviated - 11.6