Morton Commercials Ltd Filleted accounts for Companies House (small and micro)
Morton Commercials Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI054059
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
11 January 2022
, and are signed on behalf of the board by:
Director
Company registration number:
NI054059
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Notes to the Abridged Financial Statements |
Year ended 30 April 2021
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 50 commercial Road, Banbridge, Co. Down, BT32 3ES.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Income tax
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery |
- |
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Fixtures and Fittings |
- |
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Impairment of fixed assets
Stocks
4.
Particulars of employees
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Intangible assets
£ |
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Cost |
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At 1 May 2020 and 30 April 2021 |
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Amortisation |
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At 1 May 2020 |
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Charge for the year |
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At 30 April 2021 |
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Carrying amount |
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At 30 April 2021 |
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At 30 April 2020 |
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6.
Tangible assets
£ |
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Cost |
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At 1 May 2020 |
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Additions |
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At 30 April 2021 |
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Depreciation |
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At 1 May 2020 |
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Charge for the year |
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At 30 April 2021 |
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Carrying amount |
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At 30 April 2021 |
188,541 |
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At 30 April 2020 |
190,929 |
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7.
Related party transactions