Newman Morris Ltd - Abbreviated accounts 16.1

Newman Morris Ltd - Abbreviated accounts 16.1

NEWMAN MORRIS LIMITED - Company Information

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REGISTERED NUMBER: 05220738 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

NEWMAN MORRIS LTD

NEWMAN MORRIS LTD (REGISTERED NUMBER: 05220738)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

NEWMAN MORRIS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DIRECTORS: D S Harris
C Morris





SECRETARY: D J Gillies





REGISTERED OFFICE: Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA





REGISTERED NUMBER: 05220738 (England and Wales)





ACCOUNTANTS: Newman Morris Limited
Chartered Accountants
Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA
Page 1
NEWMAN MORRIS LTD (REGISTERED NUMBER: 05220738)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 46,651 64,157
Tangible assets 3 11,938 10,198
Investments 4 - -
58,589 74,355

CURRENT ASSETS
Stocks 90,259 90,259
Debtors 193,644 158,142
Cash at bank 91,992 -
375,895 248,401
CREDITORS
Amounts falling due within one year 5 298,483 249,022
NET CURRENT ASSETS/(LIABILITIES) 77,412 (621 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
136,001
73,734

CREDITORS
Amounts falling due after more than one
year
93,720
34,597
NET ASSETS 42,281 39,137

CAPITAL AND RESERVES
Called up share capital 6 1,300 100
Profit and loss account 40,981 39,037
SHAREHOLDERS' FUNDS 42,281 39,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these abbreviated accounts

Page 2
NEWMAN MORRIS LTD (REGISTERED NUMBER: 05220738)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2015


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 29 July 2016 and were signed on its
behalf by:





C Morris - Director


The notes form part of these abbreviated accounts

Page 3
NEWMAN MORRIS LTD (REGISTERED NUMBER: 05220738)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

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).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a client base from SRG
Newmans Lid in 2004, is being amortised evenly over its estimated useful life of ten years.

The goodwill, being the amount paid in connection with the acquisition of Fisher Morris, also in
2004, is being amortised evenly over its estimated useful life of fifteen years.

During the year a further block of clients was acquired, which is being amortised over its estimated
useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost and 15% on cost

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Page 4
NEWMAN MORRIS LTD (REGISTERED NUMBER: 05220738)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 352,383
AMORTISATION
At 1 November 2014 288,226
Amortisation for year 17,506
At 31 October 2015 305,732
NET BOOK VALUE

At 31 October 2015 46,651
At 31 October 2014 64,157

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 90,809
Additions 8,886
At 31 October 2015 99,695
DEPRECIATION
At 1 November 2014 80,611
Charge for year 7,146
At 31 October 2015 87,757
NET BOOK VALUE
At 31 October 2015 11,938
At 31 October 2014 10,198

4. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the
following:

During the year the company's subsidiary New Umbrella Solutions Ltd ceased trading and was
formally dissolved.

5. CREDITORS

Creditors include an amount of £ 4,451 (2014 - £ 29,313 ) for which security has been given.

Page 5
NEWMAN MORRIS LTD (REGISTERED NUMBER: 05220738)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1 1,000 100
(2014 - 100 )
100 A Shares £1 100 -
100 B Shares £1 100 -
100 C Shares £1 100 -
1,300 100

Shares were issued during the year as follows:

Cash at par
900 Ordinary shares of £1 for £ 900
100 A Shares shares of £1 for £ 100
100 B Shares shares of £1 for £ 100
100 C Shares shares of £1 for £ 100

As a bonus out of reserves
900 Ordinary shares of £1

7. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr C Morris by virtue of the beneficial ownership of the
majority of the share capital of the company.

Page 6