Molloy Developers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02293672 (England and Wales)

MOLLOY DEVELOPERS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J J Molloy

SECRETARY:

Mrs M A Molloy

REGISTERED OFFICE:

Camp Hill House

Beausale

Warwick

Warwickshire

CV35 7NZ

REGISTERED NUMBER:

02293672 (England and Wales)

ACCOUNTANTS:

Murphy Salisbury

Chartered Accountants

15 Warwick Road

Stratford-upon-Avon

Warwickshire

CV37 6YW

CURRENT ASSETS

Stocks

23,004

22,969

Cash at bank

225

268

23,229

23,237

CREDITORS

Amounts falling due within one year

48,832

48,026

NET CURRENT LIABILITIES

(25,603

)

(24,789

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,603

)

(24,789

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(25,703

)

(24,889

)

SHAREHOLDERS' FUNDS

(25,603

)

(24,789

)

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 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 25 June 2015 and were signed by:

J J Molloy - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have prepared the accounts on the going concern basis as they will continue to support the company for the

foreseeable future.

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 services, excluding value added tax.

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

Full provision is made in respect of timing differences that have originated but not reversed at the balance sheet date.

Timing differences are differences between the company's taxable profits and its results as stated in the accounts. Deferred

tax is measured on a non-discounted basis at the 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 substantially enacted at the

balance sheet date. Deferred tax assets are only recognised where their recoverability in the short term is regarded as more

likely than not. Deferred tax is not provided on revalued assets unless a binding agreement to sell has been entered into

before the year

Going concern

The Director has agreed to provide financial support to the company for the foreseeable future. On the basis of continued

support the Director considers it appropriate to prepare the financial statements on the going concern basis.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100