Morgan Sterling Finance Limited - Limited company - abbreviated

REGISTERED NUMBER: 04294034 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2014

FOR

MORGAN STERLING FINANCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Newland

P J Armitage

SECRETARY:

A Newland

REGISTERED OFFICE:

5 Holyrood Road

Prestwich

Manchester

M25 1PD

REGISTERED NUMBER:

04294034 (England and Wales)

ACCOUNTANTS:

Ainsworths Limited

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

FIXED ASSETS

Tangible assets

2

30,211

9,281

Investment property

3

100,000

130,211

109,281

CURRENT ASSETS

Debtors

768,202

661,920

Cash at bank

3,549

126,241

771,751

788,161

CREDITORS

Amounts falling due within one year

884,215

875,425

NET CURRENT LIABILITIES

(112,464

)

(87,264

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,747

22,017

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

17,745

22,015

SHAREHOLDERS' FUNDS

17,747

22,017

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 22nd June 2015 and were signed on its behalf by:

P J Armitage - 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 the finance charges and rentals, net of value added tax.

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 etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2013

16,500

Additions

31,000

At 30th September 2014

47,500

DEPRECIATION

At 1st October 2013

7,219

Charge for year

10,070

At 30th September 2014

17,289

NET BOOK VALUE

At 30th September 2014

30,211

At 30th September 2013

9,281

3.	INVESTMENT PROPERTY

Total

£

COST

At 1st October 2013

and 30th September 2014

100,000

NET BOOK VALUE

At 30th September 2014

100,000

At 30th September 2013

100,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

2

Ordinary

£1

2

Morgan Sterling Finance Limited - Limited company - abbreviated - 11.6

Morgan Sterling Finance Limited - Limited company - abbreviated - 11.6