The Laurels Morganstown Ltd - Limited company - abbreviated - 11.9

The Laurels Morganstown Ltd - Limited company - abbreviated - 11.9

THE LAURELS MORGANSTOWN LTD - Company Information

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The Laurels Morganstown Ltd

Abbreviated Accounts for the Year Ended 31 July 2015













Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Laurels Morganstown Ltd


The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for
your approval the financial statements of The Laurels Morganstown Ltd for the year ended
31 July 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Laurels Morganstown Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Laurels Morganstown Ltd and state those matters that we have agreed to state to the Board of Directors of The Laurels Morganstown Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Laurels Morganstown Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Laurels Morganstown Ltd. You consider that The Laurels Morganstown Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The
Laurels Morganstown Ltd. For this reason, we have not verified the accuracy or completeness of
the accounting records or information and explanations you have given to us and we do not,
therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


26 November 2015

This page does not form part of the abbreviated accounts

1
The Laurels Morganstown Ltd (Registered number: 07265647)

Abbreviated Balance Sheet
31 July 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 58,861 63,005

CURRENT ASSETS
Debtors 79,081 39,282
Cash at bank and in hand 32,235 37,400
111,316 76,682
CREDITORS
Amounts falling due within one year 3 109,018 48,318
NET CURRENT ASSETS 2,298 28,364
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,159
91,369

CREDITORS
Amounts falling due after more than
one year
3
14,782
23,883
NET ASSETS 46,377 67,486

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 46,375 67,484
SHAREHOLDERS' FUNDS 46,377 67,486

The notes form part of these abbreviated accounts

2
The Laurels Morganstown Ltd (Registered number: 07265647)

Abbreviated Balance Sheet - continued
31 July 2015


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 24 November 2015 and were
signed on its behalf by:





K W Griffiths - Director


The notes form part of these abbreviated accounts

3
The Laurels Morganstown Ltd (Registered number: 07265647)

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


1. ACCOUNTING POLICIES

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold - 20% straight line
Plant and machinery - 25% straight line and 15% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014 103,395
Additions 19,662
At 31 July 2015 123,057
DEPRECIATION
At 1 August 2014 40,390
Charge for year 23,806
At 31 July 2015 64,196
NET BOOK VALUE
At 31 July 2015 58,861
At 31 July 2014 63,005

3. CREDITORS

The following secured debts are included within creditors:

2015 2014
£    £   
Hire purchase contracts 18,808 22,185

4
The Laurels Morganstown Ltd (Registered number: 07265647)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2015


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
31 July 2015 and 31 July 2014:

2015 2014
£    £   
S M Griffiths and K W Griffiths
Balance outstanding at start of year 32,167 10,068
Amounts advanced 43,749 22,099
Amounts repaid (68,097 ) -
Balance outstanding at end of year 7,819 32,167

The overdrawn directors' loan account cleared in November 2015.

5