Morgan Groundworks Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06413225 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

MORGAN GROUNDWORKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Morgan

Mrs J Morgan

REGISTERED OFFICE:

30 Mill Street

Bedford

Bedfordshire

MK40 3HD

REGISTERED NUMBER:

06413225 (England and Wales)

ACCOUNTANTS:

Novakovic & Co

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

FIXED ASSETS

Tangible assets

2

11,834

13,059

CURRENT ASSETS

Debtors

7,952

13,700

Cash at bank and in hand

428

1,218

8,380

14,918

CREDITORS

Amounts falling due within one year

15,744

24,144

NET CURRENT LIABILITIES

(7,364

)

(9,226

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,470

3,833

CREDITORS

Amounts falling due after more than one
year

3,400

NET ASSETS

1,070

433

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

970

333

SHAREHOLDERS' FUNDS

1,070

433

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 Board of Directors on 3 April 2017 and were signed on its behalf by:

Mrs J Morgan - 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 goods, 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

33,795

Additions

6,682

Disposals

(9,033

)

At 31 October 2016

31,444

DEPRECIATION

At 1 November 2015

20,736

Charge for year

3,705

Eliminated on disposal

(4,831

)

At 31 October 2016

19,610

NET BOOK VALUE

At 31 October 2016

11,834

At 31 October 2015

13,059

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

99

Ordinary

1

100