Y Morfa Limited - Abbreviated accounts

Registered number

06739838

Y Morfa Limited

Abbreviated Accounts

31 October 2016

Y Morfa Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Y Morfa Limited for the year ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Y Morfa Limited for the year ended 31 October 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Parry & Co
Chartered Accountants
Ynys Hir
Sandy Lane
Rhosneigr
Anglesey
LL64 5XA

30 November 2016

Y Morfa Limited
Registered number:		06739838
Abbreviated Balance Sheet
as at 31 October 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1,606			1,606

Current assets
Stocks		5,479			7,736
Debtors		16,895			12,716
Cash at bank and in hand		96,713			86,845
		119,087			107,297

Creditors: amounts falling due within one year		(33,562)			(31,470)

Net current assets			85,525			75,827

Total assets less current liabilities			87,131			77,433


Provisions for liabilities			(202)			(202)


Net assets			86,929			77,231

Capital and reserves
Called up share capital	3		52,000			52,000
Profit and loss account			34,929			25,231

Shareholders' funds			86,929			77,231

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



R H Williams
Director
Approved by the board on 30 November 2016

Y Morfa Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Tangible fixed assets					£

	Cost
	At 1 November 2015					9,608
	At 31 October 2016					9,608

	Depreciation
	At 1 November 2015					8,002
	At 31 October 2016					8,002

	Net book value
	At 31 October 2016					1,606
	At 31 October 2015					1,606


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		52,000		52,000		52,000