Abbreviated Company Accounts - MORGAN LEGAL SOLUTIONS LIMITED

Abbreviated Company Accounts - MORGAN LEGAL SOLUTIONS LIMITED


Registered Number SC449890

MORGAN LEGAL SOLUTIONS LIMITED

Abbreviated Accounts

30 June 2015

MORGAN LEGAL SOLUTIONS LIMITED Registered Number SC449890

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,237 1,975
1,237 1,975
Current assets
Stocks 4,100 4,979
Debtors 50,594 36,321
Cash at bank and in hand 99,272 93,430
153,966 134,730
Creditors: amounts falling due within one year (78,349) (55,414)
Net current assets (liabilities) 75,617 79,316
Total assets less current liabilities 76,854 81,291
Total net assets (liabilities) 76,854 81,291
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 76,754 81,191
Shareholders' funds 76,854 81,291
  • For the year ending 30 June 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 31 March 2016

And signed on their behalf by:
Yvonne Morgan, Director

MORGAN LEGAL SOLUTIONS LIMITED Registered Number SC449890

Notes to the Abbreviated Accounts for the period ended 30 June 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 and derives from the provision of goods falling within the company's ordinary activities.

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:
Plant and machinery - 33.33% straight line
Fixtures, fittings
and equipment - 20% straight line

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

Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.

2Tangible fixed assets
£
Cost
At 1 July 2014 2,486
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2015 2,486
Depreciation
At 1 July 2014 511
Charge for the year 738
On disposals -
At 30 June 2015 1,249
Net book values
At 30 June 2015 1,237
At 30 June 2014 1,975
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100