2015-01-01
true
false
Private Limited Company
05998399
2015-12-31
05998399
2015-01-01
2015-12-31
05998399
2014-12-31
05998399
2014-01-01
2014-12-31
05998399
uk-bus:Director1
2015-01-01
2015-12-31
05998399
uk-gaap:PlantMachinery
2015-01-01
2015-12-31
05998399
uk-gaap:OfficeEquipment
2015-01-01
2015-12-31
05998399
uk-gaap:VehiclesPlantMachinery
2015-01-01
2015-12-31
05998399
uk-bus:OrdinaryShareClass1
2015-12-31
iso4217:GBP
For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05998399
2
Morley Skips Ltd
For the year ended 31 December 2015
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
Morley Skips Ltd
Accountants' Report
For the year ended 31 December 2015
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 |
| December 2015 and you consider that the company is exempt from an audit under the Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil |
| your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
C M Accountancy Ltd
Woodcote,Park Farm
Tolleshunt Knights
Maldon
Essex
CM9 8HB
1 of 5
4
| Abbreviated Balance Sheet |
Morley Skips Ltd
2015
2014
2
6,000
9,000
3
200,481
178,726
206,481
187,726
40,141
54,275
8,150
15,539
62,425
55,680
| Creditors: amounts falling due within one year |
(100,983)
(112,407)
(45,303)
(49,982)
Net current liabilities
| Total assets less current liabilities |
156,499
142,423
| Creditors: amounts falling due after more than one year |
(46,440)
(56,524)
(30,045)
(23,485)
| Provisions for liabilities |
69,930
Net assets
72,498
1
4
1
69,929
72,497
69,930
72,498
Shareholders funds
| For the year ended 31 December 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: 22 September 2016 |
| Signed on behalf of the board of directors |
2 of 5
5
| Notes to the Abbreviated Financial Statements |
Morley Skips Ltd
For the year ended 31 December 2015
| 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| 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. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 10 years. |
3 of 5
6
| Notes to the Abbreviated Financial Statements |
Morley Skips Ltd
For the year ended 31 December 2015
| 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: |
Plant and Machinery
Office Equipment
Motor Vehicles
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of |
| ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the |
| shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
| 2 Intangible fixed assets |
30,000
30,000
21,000
3,000
Charge for year
24,000
6,000
9,000
4 of 5
7
| Notes to the Abbreviated Financial Statements |
Morley Skips Ltd
For the year ended 31 December 2015
353,087
72,095
(806)
424,376
174,361
(596)
50,130
Charge for year
223,895
200,481
178,726
| Allotted called up and fully paid |
2015
2014
| 1 Ordinary share of £1.00 each |
1
1
1
1
5 of 5
