Abbreviated Company Accounts - MOORGATE COMMUNICATIONS LTD.

MOORGATE COMMUNICATIONS LTD. - Company Information

Registered Number 04358461

MOORGATE COMMUNICATIONS LTD.

Abbreviated Accounts

31 January 2015

MOORGATE COMMUNICATIONS LTD. Registered Number 04358461

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,383	8,313
Investments	3	200,000	-
		206,383	8,313
Current assets
Debtors		12,040	11,673
Cash at bank and in hand		269,670	474,884
		281,710	486,557
Creditors: amounts falling due within one year		(66,292)	(141,318)
Net current assets (liabilities)		215,418	345,239
Total assets less current liabilities		421,801	353,552
Provisions for liabilities		(1,061)	(1,393)
Total net assets (liabilities)		420,740	352,159
Capital and reserves
Called up share capital		100	100
Profit and loss account		420,640	352,059
Shareholders' funds		420,740	352,159

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 August 2015

And signed on their behalf by:
Robert Jonathan KELSEY, Director

MOORGATE COMMUNICATIONS LTD. Registered Number 04358461

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Equipment, fixtures and fittings 25% on RBM
Plant and machinery 25% on RBM
Computer equipment 33% on RBM

Other accounting policies
a) Deferred taxation
Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.
Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
b) Related party transactions
At the balance sheet date director, Mr Robert Kelsey was owed £949 (2014:£8,312) which was interest free loan to the company.
c) Ultimate controlling parties
Mr R Kelsey holds 100% shares of the company, therefore he is the ultimate controller of the business.

2Tangible fixed assets

	£
Cost
At 1 February 2014	31,140
Additions	638
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	31,778
Depreciation
At 1 February 2014	22,827
Charge for the year	2,568
On disposals	-
At 31 January 2015	25,395
Net book values
At 31 January 2015	6,383
At 31 January 2014	8,313

3Fixed assets Investments
The investment as shown at cost per FRSSE (2008).