Morris Law Limited - Accounts to registrar - small 16.3

REGISTERED NUMBER: 09601635 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

20 MAY 2015 TO 30 SEPTEMBER 2016

FOR

MORRIS LAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Morris

P Morris

REGISTERED OFFICE:

80 Darras Road

Ponteland

Newcastle upon Tyne

NE20 9PG

REGISTERED NUMBER:

09601635 (England and Wales)

ACCOUNTANTS:

Brennan Neil & Leonard

Chartered Accountants

32 Brenkley Way

Blezard Business Park

Seaton Burn

Newcastle on Tyne

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

5,710

CURRENT ASSETS

Debtors

5

45,516

Cash at bank

4,716

50,232

CREDITORS

Amounts falling due within one year

6

231,305

NET CURRENT LIABILITIES

(181,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(175,363

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(175,463

)

SHAREHOLDERS' FUNDS

(175,363

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 February 2017 and were signed on its behalf by:

D A Morris - Director

1.	STATUTORY INFORMATION

Morris Law Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company relies on its day to day working capital facilities from loans provided by the director and

shareholder, Mr P. Morris. At the year end Mr Morris's outstanding loan was £225,063.

Mr Morris has confirmed that he will not request repayment of the loans until such time as the company's

financial position allows and he will continue to support the business.

Turnover

Fees represents net invoiced services, excluding value added tax, except in respect of service contracts where

fees are recognised when the firm obtains the right to consideration.The value of these contracts is shown within

debtors as amounts recoverable on contracts.

Tangible fixed assets

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

Plant and machinery etc

-

33.33% on cost and 15% on cost

Deferred tax

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

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed

assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent

that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no

provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not

that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement

assets are sold.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

7,525

At 30 September 2016

7,525

DEPRECIATION

Charge for period

1,815

At 30 September 2016

1,815

NET BOOK VALUE

At 30 September 2016

5,710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,202

Amounts recoverable on contract

8,648

Other debtors

35,666

45,516

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

231,305

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

2,730

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2016:

£

D A Morris

Balance outstanding at start of period

-

Amounts advanced

22,883

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

22,883

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY