Abbreviated Company Accounts - MOURNE COMPOSTS LIMITED

MOURNE COMPOSTS LIMITED - Company Information

NI019628 MOURNE COMPOSTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true NI019628 2014-04-01 2015-03-31 NI019628 2015-03-31 NI019628 2014-03-31 NI019628 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI019628 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number NI019628

MOURNE COMPOSTS LIMITED

Abbreviated Accounts

31 March 2015

MOURNE COMPOSTS LIMITED Registered Number NI019628

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	383,033	405,061
		383,033	405,061
Current assets
Stocks		2,500	2,500
Debtors		23,079	41,434
Cash at bank and in hand		1,440	4,003
		27,019	47,937
Creditors: amounts falling due within one year		(1,030,680)	(972,234)
Net current assets (liabilities)		(1,003,661)	(924,297)
Total assets less current liabilities		(620,628)	(519,236)
Creditors: amounts falling due after more than one year		(280,467)	(306,716)
Total net assets (liabilities)		(901,095)	(825,952)
Capital and reserves
Called up share capital	3	60,000	60,000
Profit and loss account		(961,095)	(885,952)
Shareholders' funds		(901,095)	(825,952)

For the year ending 31 March 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 13 August 2015

And signed on their behalf by:
Patrick J Murphy, Director
Meave Murphy, Director

MOURNE COMPOSTS LIMITED Registered Number NI019628

Notes to the Abbreviated Accounts for the period ended 31 March 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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over 20 years
Plant and machinery - 25% reducing balance
Fixtures, fittings
and equipment - 25% reducing balance
Motor vehicles- 25% reducing balance

Other accounting policies
Stock
Stock and Work in progress are valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2014	946,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	946,600
Depreciation
At 1 April 2014	541,539
Charge for the year	22,028
On disposals	-
At 31 March 2015	563,567
Net book values
At 31 March 2015	383,033
At 31 March 2014	405,061

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
60,000 Ordinary shares of £1 each	60,000	60,000