Abbreviated Company Accounts - MORBIO LIMITED

Registered Number 08011849

MORBIO LIMITED

Abbreviated Accounts

31 March 2016

MORBIO LIMITED Registered Number 08011849

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		€	€
Fixed assets
Tangible assets	2	1,354,145	800,000
		1,354,145	800,000
Current assets
Debtors		6,200	-
		6,200	-
Creditors: amounts falling due within one year		(835)	(674)
Net current assets (liabilities)		5,365	(674)
Total assets less current liabilities		1,359,510	799,326
Creditors: amounts falling due after more than one year		(1,427,641)	(831,763)
Total net assets (liabilities)		(68,131)	(32,437)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(68,132)	(32,438)
Shareholders' funds		(68,131)	(32,437)

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 15 December 2016

And signed on their behalf by:
Mrs Andreea Ecaterina Mocanu, Director

MORBIO LIMITED Registered Number 08011849

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.

Other accounting policies
Going concern
The financial statements have been prepared on a going concern basis.

Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2Tangible fixed assets

	€
Cost
At 1 April 2015	800,000
Additions	554,145
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,354,145
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	1,354,145
At 31 March 2015	800,000