Abbreviated Company Accounts - MORGAN PROPERTY MAINTENANCE LIMITED

MORGAN PROPERTY MAINTENANCE LIMITED - Company Information

07529646 MORGAN PROPERTY MAINTENANCE LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 07529646 2015-03-01 2016-02-29 07529646 2016-02-29 07529646 2015-02-28 07529646 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07529646 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07529646

MORGAN PROPERTY MAINTENANCE LIMITED

Abbreviated Accounts

29 February 2016

MORGAN PROPERTY MAINTENANCE LIMITED Registered Number 07529646

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,457	1,048
		9,457	1,048
Current assets
Stocks		4,050	1,000
Debtors		718	9,178
Cash at bank and in hand		12,395	12,788
		17,163	22,966
Creditors: amounts falling due within one year		(16,242)	(12,392)
Net current assets (liabilities)		921	10,574
Total assets less current liabilities		10,378	11,622
Total net assets (liabilities)		10,378	11,622
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		10,376	11,620
Shareholders' funds		10,378	11,622

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 November 2016

And signed on their behalf by:
J Morgan, Director

MORGAN PROPERTY MAINTENANCE LIMITED Registered Number 07529646

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under cthe historical cost convention and in accordance with the Financial Reporting Standard for Small Entities ( effective January 2015 ).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixture, fittings
and equipment - 25% straight line

Motor vehicles - 25% straight line

Valuation information and policy
Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

Other accounting policies
Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets

	£
Cost
At 1 March 2015	2,726
Additions	11,995
Disposals	(1,500)
Revaluations	-
Transfers	-
At 29 February 2016	13,221
Depreciation
At 1 March 2015	1,678
Charge for the year	3,111
On disposals	(1,025)
At 29 February 2016	3,764
Net book values
At 29 February 2016	9,457
At 28 February 2015	1,048

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2