| Morris Oddy and Company Ltd |
| Registered number: |
00340500 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,192,391 |
|
|
1,261,573 |
|
| Current assets |
| Debtors |
|
|
1,787 |
|
|
1,851 |
| Cash at bank and in hand |
|
|
73,871 |
|
|
21,154 |
|
|
|
75,658 |
|
|
23,005 |
|
| Creditors: amounts falling due within one year |
|
|
(440,874) |
|
|
(527,163) |
|
| Net current liabilities |
|
|
|
(365,216) |
|
|
(504,158) |
|
| Total assets less current liabilities |
|
|
|
827,175 |
|
|
757,415 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(135,000) |
|
|
(135,000) |
|
|
|
| Net assets |
|
|
|
692,175 |
|
|
622,415 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
80 |
|
|
80 |
| Revaluation reserve |
|
|
|
126,070 |
|
|
187,570 |
| Profit and loss account |
|
|
|
566,025 |
|
|
434,765 |
|
| Shareholders' funds |
|
|
|
692,175 |
|
|
622,415 |
|
|
|
|
|
|
|
|
| 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. |
| The 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 16 September 2016 |
|
| Morris Oddy and Company Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
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 an investment property. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
1,263,466 |
|
Additions |
1,910 |
|
Disposals |
(70,000) |
|
At 31 December 2015 |
1,195,376 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
1,893 |
|
Charge for the year |
1,092 |
|
At 31 December 2015 |
2,985 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
1,192,391 |
|
At 31 December 2014 |
1,261,573 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
75,000 |
|
75,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
80 |
|
80 |
|
80 |
|
|
|
|
|
|
|
|
|
