Morning Rise Supported Housing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07106678 (England and Wales)

MORNING RISE SUPPORTED HOUSING LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

30,902

22,038

30,902

22,038

CURRENT ASSETS

Stocks

1,125

2,450

Debtors

4,880

5,751

Cash at bank

70,464

49,225

76,469

57,426

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

76,142

54,562

NET CURRENT ASSETS

327

2,864

TOTAL ASSETS LESS CURRENT LIABILITIES

31,229

24,902

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

4

25,779

17,917

NET ASSETS

5,450

6,985

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

5,448

6,983

SHAREHOLDERS' FUNDS

5,450

6,985

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 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 27 August 2015 and were signed on its behalf by:

Miss S Connor - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in accordance with applicable United Kingdom Accounting

Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied

consistently (except otherwise stated).

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 amounts receivable for services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

15% on reducing balance and 10% on reducing balance

Motor vehicles

-

10% on cost

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

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

20,000

AMORTISATION

At 1 January 2014

and 31 December 2014

20,000

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

32,801

Additions

18,178

Disposals

(9,331

)

At 31 December 2014

41,648

DEPRECIATION

At 1 January 2014

10,763

Charge for year

3,716

Eliminated on disposal

(3,733

)

At 31 December 2014

10,746

NET BOOK VALUE

At 31 December 2014

30,902

At 31 December 2013

22,038

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

15,417

17,917

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary shares

£1

2

2