Morven Consulting Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC404928 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Morven Consulting Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J C Bauwens

SECRETARY:

REGISTERED OFFICE:

41 Knock Street

Whitehills

Banffshire

AB45 2NW

REGISTERED NUMBER:

SC404928 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Tangible assets

2

1,008

2,041

CURRENT ASSETS

Debtors

2,488

20,365

Cash at bank

1,699

17,029

4,187

37,394

CREDITORS

Amounts falling due within one year

8,141

34,563

NET CURRENT (LIABILITIES)/ASSETS

(3,954

)

2,831

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,946

)

4,872

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(3,046

)

4,772

SHAREHOLDERS' FUNDS

(2,946

)

4,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 April 2017 and were signed by:

J C Bauwens - 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

-

20% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

5,167

DEPRECIATION

At 1 September 2015

3,126

Charge for year

1,033

At 31 August 2016

4,159

NET BOOK VALUE

At 31 August 2016

1,008

At 31 August 2015

2,041

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016 and

31 August 2015:

31.8.16

31.8.15

£

J C Bauwens

Balance outstanding at start of year

17,549

-

Amounts advanced

-

17,549

Amounts repaid

(17,549

)

-

Balance outstanding at end of year

-

17,549

The advance to the director during the year to 31 August 2015 was repaid on the 13 April 2016.