Accounts filed on 30-04-2016
Accounts filed on 30-04-2016
MORGAN BARNFIELD CONSTRUCTION LIMITED
Company Registration Number:
09567790
(England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 29 April 2015
End date: 30 April 2016
MORGAN BARNFIELD CONSTRUCTION LIMITED
Abbreviated Balance sheet
As at
Notes |
2016 £ |
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Fixed assets | ||
Tangible assets: | 2 |
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Total fixed assets: |
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Current assets | ||
Stocks: |
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Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
MORGAN BARNFIELD CONSTRUCTION LIMITED
Balance sheet continued
As at 30 April 2016
Notes |
2016 £ |
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Capital and reserves | ||
Called up share capital: | 5 |
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Profit and loss account: |
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Shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
MORGAN BARNFIELD CONSTRUCTION LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 30 April 2016
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2008). Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Tangible fixed assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Motor vehicles - 25% straight lineOther accounting policies
Deferred taxation
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; Provision is made for deferred tax that
would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint
ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable;
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.
MORGAN BARNFIELD CONSTRUCTION LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 30 April 2016
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2. Tangible assets
Total Cost £ Additions: 2,680 Disposals: 0 Revaluations: 0 Transfers: 0 30 April 2016: 2,680 Depreciation Charge for year: 670 On disposals: 0 Other adjustments: 0 30 April 2016: 670 Net book value 30 April 2016: 2,010
MORGAN BARNFIELD CONSTRUCTION LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 30 April 2016
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3. Debtors
2016
£Trade debtors: 10,013 Other debtors: 552 Total: 10,565
MORGAN BARNFIELD CONSTRUCTION LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 30 April 2016
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4. Creditors: amounts falling due within one year
2016
£Trade creditors: 1,465 Taxation and social security: 9,179 Accruals and deferred income: 2,000 Other creditors: 2,271 Total: 14,915