Molloy Developers Limited - Limited company - abbreviated - 11.0.0
Molloy Developers Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
MOLLOY DEVELOPERS LIMITED |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
MOLLOY DEVELOPERS LIMITED (REGISTERED NUMBER: 02293672) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
MOLLOY DEVELOPERS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2014 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
MOLLOY DEVELOPERS LIMITED (REGISTERED NUMBER: 02293672) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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 financial statements were approved by the director on |
MOLLOY DEVELOPERS LIMITED (REGISTERED NUMBER: 02293672) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors have prepared the accounts on the going concern basis as they will continue to support the company |
for the foreseeable future. |
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. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Full provision is made in respect of timing differences that have originated but not reversed at the balance sheet |
date. Timing differences are differences between the company's taxable profits and its results as stated in the |
accounts. Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the |
periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted |
or substantially enacted at the balance sheet date. Deferred tax assets are only recognised where their recoverability |
in the short term is regarded as more likely than not. Deferred tax is not provided on revalued assets unless a |
binding agreement to sell has been entered into before the year |
Going concern |
The Director has agreed to provide financial support to the company for the foreseeable future. On the basis of |
continued support the Director considers it appropriate to prepare the financial statements on the going concern |
basis. |
2. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |