Morgan Gray Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05430127 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2016

for

MORGAN GRAY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J A Newman

SECRETARY:

Mrs S Newman

REGISTERED OFFICE:

2nd Floor

New Penderel House

283-288 High Holborn

London

WC1V 7HP

REGISTERED NUMBER:

05430127 (England and Wales)

ACCOUNTANTS:

Munslows LLP

Chartered Certified Accountants

2nd Floor

New Penderel House

283-288 High Holborn

London

WC1V 7HP

FIXED ASSETS

Tangible assets

2

31

42

CURRENT ASSETS

Cash at bank

312

3,279

CREDITORS

Amounts falling due within one year

35,140

24,240

NET CURRENT LIABILITIES

(34,828

)

(20,961

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,797

)

(20,919

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(34,897

)

(21,019

)

SHAREHOLDERS' FUNDS

(34,797

)

(20,919

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22nd December 2016 and were signed by:

Mr J A Newman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

750

DEPRECIATION

At 1st April 2015

708

Charge for year

11

At 31st March 2016

719

NET BOOK VALUE

At 31st March 2016

31

At 31st March 2015

42

3.	CALLED UP SHARE CAPITAL

Allotted

and

issued:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100