IDRIS MORRIS LTD - Accounts to registrar - small 17.2
IDRIS MORRIS LTD - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| FOR |
| IDRIS MORRIS LTD |
| IDRIS MORRIS LTD (REGISTERED NUMBER: 07422894) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| IDRIS MORRIS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| IDRIS MORRIS LTD (REGISTERED NUMBER: 07422894) |
| BALANCE SHEET |
| 31ST OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Profit and Loss Account | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| IDRIS MORRIS LTD (REGISTERED NUMBER: 07422894) |
| BALANCE SHEET - continued |
| 31ST OCTOBER 2016 |
| The financial statements were approved by the Board of Directors on |
| IDRIS MORRIS LTD (REGISTERED NUMBER: 07422894) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| 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. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| 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. | INTANGIBLE FIXED ASSETS |
| The Goodwill is written-off over 20 years. |
| IDRIS MORRIS LTD (REGISTERED NUMBER: 07422894) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st November 2015 |
| Additions |
| Disposals | ( |
) |
| At 31st October 2016 |
| DEPRECIATION |
| At 1st November 2015 |
| Charge for year |
| At 31st October 2016 |
| NET BOOK VALUE |
| At 31st October 2016 |
| At 31st October 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors | 7,722 | 4,320 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Payments on Account |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Other creditors |
| IDRIS MORRIS LTD (REGISTERED NUMBER: 07422894) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2016 |
| 7. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2016 | 2015 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank overdrafts |
| Business Loan Account | 80,935 | 97,983 |
| 80,935 | 101,115 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ord. | £1 |
| 9. | RESERVES |
| Profit |
| and Loss |
| Account |
| £ |
| At 1st November 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 31st October 2016 |