MOORE_&_MASTERS_LIMITED - Accounts

MOORE & MASTERS LTD - Company Information

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Company Registration No. 06408089 (England and Wales)

MOORE & MASTERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

MOORE & MASTERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MOORE & MASTERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

406,448

404,493

Current assets

Cash at bank and in hand

Creditors: amounts falling due within one year

(876)

(22,465)

Net current liabilities

(785)

(22,401)

Total assets less current liabilities

405,663

382,092

Creditors: amounts falling due after more than one year

(400,268)

(374,337)

5,395

7,755

Capital and reserves

Called up share capital

Profit and loss account

5,297

7,657

Shareholders' funds

5,395

7,755

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 December 2016

Ms N R M Jones

Director

Company Registration No. 06408089

MOORE & MASTERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Although the company had a net deficiency of current assets amounting to £785 (2015: £22,401) it meets its day to day working capital requirements through a directors loan. The director has stated that the loan account will not be withdrawn unless the company has sufficient funds to continue as a going concern or alternative funds are secured.

For the reasons stated above, the director considers it appropriate to prepare the financial statements on

the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

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

Plant and machinery

0% / 25% reducing balance

Motor vehicles

25% reducing balance

The company's plant and machinery includes Antique Fairground Rides and due to their rarity and the standard of maintenance undertaken the estimated residual value is not less than cost.

Fixed assets

Tangible assets

Cost

At 1 April 2015

415,845

Additions

2,452

At 31 March 2016

418,297

Depreciation

At 1 April 2015

11,352

Charge for the year

497

At 31 March 2016

11,849

Net book value

At 31 March 2016

406,448

At 31 March 2015

404,493

MOORE & MASTERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

98 Ordinary shares of £1 each