Morven Limited - Limited company - abbreviated - 11.6

Morven Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04230241 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Morven Limited

Morven Limited (Registered number: 04230241)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Morven Limited

Company Information
for the Year Ended 31 March 2015







DIRECTOR: Captain R F Fitch





SECRETARY: Captain R F Fitch





REGISTERED OFFICE: 4 Roselands
Moorhill Road
West End
Southampton
Hampshire
SO30 3JT





REGISTERED NUMBER: 04230241 (England and Wales)





ACCOUNTANTS: Northover Bennett & Co Ltd
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Morven Limited (Registered number: 04230241)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 168,013 165,141

CURRENT ASSETS
Stocks 17,401 50,485
Debtors 21,070 2,643
Cash at bank and in hand 2,948 10,046
41,419 63,174
CREDITORS
Amounts falling due within one year 24,922 53,593
NET CURRENT ASSETS 16,497 9,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,510

174,722

PROVISIONS FOR LIABILITIES 4,847 4,847
NET ASSETS 179,663 169,875

CAPITAL AND RESERVES
Called up share capital 3 90 90
Revaluation reserve 59,085 59,085
Profit and loss account 120,488 110,700
SHAREHOLDERS' FUNDS 179,663 169,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 22 June 2015 and were signed by:




Captain R F Fitch - Director


Morven Limited (Registered number: 04230241)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents net invoiced sales of goods, excluding 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 - 25% on reducing balance
Vessel - 5% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 OR VALUATION
At 1 April 2014 274,395
Additions 20,485
At 31 March 2015 294,880
DEPRECIATION
At 1 April 2014 109,254
Charge for year 17,613
At 31 March 2015 126,867
NET BOOK VALUE
At 31 March 2015 168,013
At 31 March 2014 165,141

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
90 Ordinary 1 90 90