Abbreviated Company Accounts - MORANA SERVICES LIMITED

MORANA SERVICES LIMITED - Company Information

03712356 MORANA SERVICES LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 03712356 2015-03-01 2016-02-29 03712356 2016-02-29 03712356 2015-02-28 03712356 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 03712356 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 03712356

MORANA SERVICES LIMITED

Abbreviated Accounts

29 February 2016

MORANA SERVICES LIMITED Registered Number 03712356

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		4,218	8,966
Cash at bank and in hand		891	51
		5,109	9,017
Creditors: amounts falling due within one year		(14,599)	(13,468)
Net current assets (liabilities)		(9,490)	(4,451)
Total assets less current liabilities		(9,490)	(4,451)
Total net assets (liabilities)		(9,490)	(4,451)
Capital and reserves
Called up share capital	2	2	2
Profit and loss account		(9,492)	(4,453)
Shareholders' funds		(9,490)	(4,451)

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 6 December 2016

And signed on their behalf by:
MORRIS ROBINSON, Director

MORANA SERVICES LIMITED Registered Number 03712356

Notes to the Abbreviated Accounts for the period ended 29 February 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

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