Morgan Wells Ltd

MORGAN WELLS LIMITED - Company Information

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Registered number: 07897623

Morgan Wells Ltd

Abbreviated accounts

For The Year Ended 31 January 2016

Morgan Wells

Morgan Wells Ltd

Company No. 07897623

Abbreviated Balance Sheet 31 January 2016

Abbreviated Balance Sheet

		2016
	Notes	£	£
FIXED ASSETS
Tangible Assets	2		4,562

			4,562
CURRENT ASSETS
Cash at bank and in hand		1,905

		1,905
NET CURRENT ASSETS (LIABILITIES)			1,905

TOTAL ASSETS LESS CURRENT LIABILITIES			6,467

Creditors: Amounts Falling Due After More Than One Year	3		(7,487)

NET ASSETS			(1,020)

CAPITAL AND RESERVES
Called up share capital	4		100
Profit and Loss Account			(1,120)

SHAREHOLDERS' FUNDS			(1,020)

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Morgan Wells Ltd

Company No. 07897623

Abbreviated Balance Sheet (continued) 31 January 2016

For the year ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Ms Michelle Alexander-Lancaster

26/07/2016

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Morgan Wells Ltd

Notes to the Abbreviated Accounts

For The Year Ended 31 January 2016

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

Straight Line Depreciation

Tangible Assets


	Total
Cost	£
As at 1 February 2015	6,000
Additions	4,975
Disposals	(6,000)

As at 31 January 2016	4,975

Depreciation
As at 1 February 2015	2,522
Provided during the period	702
Disposals	(2,811)

As at 31 January 2016	413

Net Book Value
As at 31 January 2016	4,562

As at 1 February 2015	3,478

Creditors: Amounts Falling Due After More Than One Year

	2016
	£
Other creditors	7,487

Share Capital

	Value	Number	2016
Allotted, called up and fully paid	£		£
Ordinary shares	100.000	1	100

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Morgan Wells Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 January 2016

Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

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