| Morris Oddy and Company Ltd |
| Registered number: 00340500 |
| Abbreviated Balance Sheet |
| as at 31 December 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,249,850 |
|
|
1,167,101 |
|
| Current assets |
| Debtors |
|
|
3,365 |
|
|
3,433 |
| Cash at bank and in hand |
|
|
13,315 |
|
|
34,402 |
|
|
|
16,680 |
|
|
37,835 |
|
| Creditors: amounts falling due within one year |
|
|
(520,165) |
|
|
(454,204) |
|
| Net current liabilities |
|
|
|
(503,485) |
|
|
(416,369) |
|
| Total assets less current liabilities |
|
|
|
746,365 |
|
|
750,732 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(135,000) |
|
|
(135,000) |
|
|
|
| Net assets |
|
|
|
611,365 |
|
|
615,732 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
80 |
|
|
80 |
| Revaluation reserve |
|
|
|
187,570 |
|
|
187,570 |
| Profit and loss account |
|
|
|
423,715 |
|
|
428,082 |
|
| Shareholders' funds |
|
|
|
611,365 |
|
|
615,732 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J A Bissell |
| Director |
| Approved by the board on 10 September 2014 |
|
| Morris Oddy and Company Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents net invoiced sales of services, net of value added tax. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment, fixtures & fittings |
15% straight line |
|
|
No depreciation is provided on land and buildings as it is treated as investment property whose valuation is reviewed annually by the director. Although this accounting policy is in accordance with the applicable standard, SSAP 19, Accounting for Investment Property, it is a departure from the general requirements of the Companies Act for all tangible fixed assets to be depreciated. In the opinion of the director, compliance with the standard is necessary for the accounts to give a true and fair view. |
|
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost or Valuation |
|
At 1 January 2013 |
1,167,135 |
|
Additions |
83,516 |
|
At 31 December 2013 |
1,250,651 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2013 |
34 |
|
Charge for the year |
767 |
|
At 31 December 2013 |
801 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2013 |
1,249,850 |
|
At 31 December 2012 |
1,167,101 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2013 |
|
2012 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
75,000 |
|
75,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
80 |
|
80 |
|
80 |
|
|
|
|
|
|
|
|
|
