Martin Morgan Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08203663 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Martin Morgan Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

MCE Morgan

REGISTERED OFFICE:

Kenton House

Oxford Street

MORETON IN MARSH

GL56 0LA

REGISTERED NUMBER:

08203663 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

MORETON IN MARSH

GL56 0LA

FIXED ASSETS

Tangible assets

2

1,045

-

CURRENT ASSETS

Debtors

16,070

8,762

Cash at bank and in hand

31,140

46,822

47,210

55,584

CREDITORS

Amounts falling due within one year

18,250

24,605

NET CURRENT ASSETS

28,960

30,979

TOTAL ASSETS LESS CURRENT LIABILITIES

30,005

30,979

PROVISIONS FOR LIABILITIES

209

-

NET ASSETS

29,796

30,979

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

29,696

30,879

SHAREHOLDERS' FUNDS

29,796

30,979

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 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.

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 director on 19 June 2015 and were signed by:

MCE Morgan - 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).

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

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

the balance sheet date where transactions or events have occurred at that date that will result in an

obligation to pay more, or a right to pay less or to receive more tax with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more likely than

not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantially

enacted at the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,568

At 31 December 2014

1,568

DEPRECIATION

Charge for year

523

At 31 December 2014

523

NET BOOK VALUE

At 31 December 2014

1,045

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

4.	PARTICIPATING INTEREST

The company is a member of Terra Firma Risk Management LLP, a incorporated limited liability

partnership based in England and Wales.

The company is entitled to receive a share of the partnership's profits, which for the period ended 31

December 2014 was £106,890 (2013: £87,811). Total profits before members' remuneration for the

period were £477,010 (2013: £379,377).

5.	CONTROLLING PARTY

The ultimate controlling party is the director by virtue of their shareholding.