William Morrison (Ullenwood) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09047011 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 19th May 2014 to 31st May 2015

for

WILLIAM MORRISON (ULLENWOOD) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G A Lawrence

J O E Smith

WVP Bullingham

REGISTERED OFFICE:

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

REGISTERED NUMBER:

09047011 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

CURRENT ASSETS

Stocks

6,704,211

Debtors

55,862

Cash at bank

11,457

6,771,530

CREDITORS

Amounts falling due within one year

2

(7,178,339

)

NET CURRENT LIABILITIES

(406,809

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(406,809

)

CAPITAL AND RESERVES

Called up share capital

3

3

Profit and loss account

(406,812

)

SHAREHOLDERS' FUNDS

(406,809

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 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 10th March 2016 and were signed on its behalf by:

J O E Smith - Director

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).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Costs includes all direct expenditure and an appropriate proportion of overheads.

Work in progress is valued by reference to the stage of completion of the project at the balance sheet date and is

based on the lower of costs incurred to date in relation to the project and net realisable value.

Deferred tax

Deferred taxation is recognised in respect of all timing differences between the treatment of certain items for

taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full provision is

made without discounting for all deferred tax liabilities. Deferred tax assets are recognised to the extent that is

more likely than not that they will be recovered against taxable profits.

2.

CREDITORS

Creditors include an amount of £ 6,895,262 for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3

Ordinary

£1

3

3 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31st May 2015:

£

G A Lawrence

Balance outstanding at start of period

-

Amounts advanced

1,903

Amounts repaid

-

Balance outstanding at end of period

1,903