Gabriel Morris Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07507315 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2014

for

Gabriel Morris Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C D McDonagh

SECRETARY:

Ms M P Kissane

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

07507315 (England and Wales)

ACCOUNTANTS:

Philip T. Chave & Co

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

2

1,987

2,485

CURRENT ASSETS

Debtors

-

2,562

Cash at bank

40,063

22,320

40,063

24,882

CREDITORS

Amounts falling due within one year

36,634

24,314

NET CURRENT ASSETS

3,429

568

TOTAL ASSETS LESS CURRENT LIABILITIES

5,416

3,053

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

4,416

2,053

SHAREHOLDERS' FUNDS

5,416

3,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 22 October 2014 and were signed by:

C D McDonagh - 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 April 2008).

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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

3,792

DEPRECIATION

At 1 February 2013

1,307

Charge for year

498

At 31 January 2014

1,805

NET BOOK VALUE

At 31 January 2014

1,987

At 31 January 2013

2,485

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

500

Ordinary

£1

500

500

250

A

£1

250

250

250

B

£1

250

250

1,000

1,000

4.	RELATED PARTY DISCLOSURES

The director, C D McDonagh, and Ms M P Kissane are related parties to the company.

The company distributed dividends of £55,000 (2013: £38,000) on the ordinary and A shares to them for the year ended 31

January 2014.The balance due to the director, C D McDonagh, at the year ended 31 January 2014 was £17,806 (2013

£9,261).

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C D McDonagh.