Abbreviated Company Accounts - MOURNE COMPOSTS LIMITED

MOURNE COMPOSTS LIMITED - Company Information

NI019628 MOURNE COMPOSTS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true NI019628 2015-04-01 2016-03-31 NI019628 2016-03-31 NI019628 2015-03-31 NI019628 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 NI019628 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number NI019628

MOURNE COMPOSTS LIMITED

Abbreviated Accounts

31 March 2016

MOURNE COMPOSTS LIMITED Registered Number NI019628

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	362,549	383,033
		362,549	383,033
Current assets
Stocks		2,500	2,500
Debtors		29,357	23,079
Cash at bank and in hand		-	1,440
		31,857	27,019
Creditors: amounts falling due within one year		(1,040,965)	(1,030,680)
Net current assets (liabilities)		(1,009,108)	(1,003,661)
Total assets less current liabilities		(646,559)	(620,628)
Creditors: amounts falling due after more than one year		(291,197)	(280,467)
Total net assets (liabilities)		(937,756)	(901,095)
Capital and reserves
Called up share capital	3	60,000	60,000
Profit and loss account		(997,756)	(961,095)
Shareholders' funds		(937,756)	(901,095)

For the year ending 31 March 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 7 November 2016

And signed on their behalf by:
Patrick J Murphy, Director
Meave Murphy, Director

MOURNE COMPOSTS LIMITED Registered Number NI019628

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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:
Land and buildings - 5% reducing balance
Plant and machinery - 25% reducing balance
Fixtures, fittings
and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2015	946,600
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	946,600
Depreciation
At 1 April 2015	563,567
Charge for the year	20,484
On disposals	-
At 31 March 2016	584,051
Net book values
At 31 March 2016	362,549
At 31 March 2015	383,033

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

	2016 £	2015 £
60,000 Ordinary shares of £1 each	60,000	60,000