MORESTAT LIMITED,Ltd - Accounts

MORESTAT LIMITED,Ltd - Accounts

MORESTAT LIMITED - Company Information

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2014-11-01 true false Private Limited Company 07817542 2015-10-31 07817542 2014-11-01 2015-10-31 07817542 2014-10-31 07817542 2013-11-01 2014-10-31 07817542 uk-bus:Director1 2014-11-01 2015-10-31 07817542 uk-gaap:ComputerEquipment 2014-11-01 2015-10-31 07817542 uk-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP
MORESTAT LIMITED
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07817542
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Contents Page
MORESTAT LIMITED
For the year ended 31 October 2015
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
MORESTAT LIMITED
As at 31 October 2015
07817542
Registered Number :
£
£
2015
Notes
2014
Current assets
Debtors
5,991
12,497
Cash at bank and in hand
8,448
8,983
20,945
14,974
Creditors: amounts falling due within one year
(14,973)
(20,944)
1
1
Net current assets
Total assets less current liabilities
1
1
1
Net assets
1
Capital and reserves
Called up share capital
1
3
1
1
1
Shareholders funds
For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 26 July 2016
Ibrahim Harun Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
MORESTAT LIMITED
For the year ended 31 October 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
33.33% Straight line
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
782
At 01 November 2014
At 31 October 2015
782
Depreciation
782
At 01 November 2014
782
At 31 October 2015
Net book values
At 31 October 2015
-
-
At 31 October 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
1 Ordinary share of £1.00 each
1
1
1
1
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5
Notes to the Abbreviated Financial Statements
MORESTAT LIMITED
For the year ended 31 October 2015
4 Loans to Directors
During the period the company was under the control of Mr I Harun. Mr I Harun is the sole director and majority shareholder of the company. During the period Mr I Harun had a loan account with the company. At the year end Mr I Harun owed the company £1,247 (2014: £5,991). The maximum amount owed during the period was £5,991. The loan is interest free and there are no fixed terms of repayment.
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