Abbreviated Company Accounts - VEN MORGAN LIMITED

VEN MORGAN LIMITED - Company Information

07858716 VEN MORGAN LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 07858716 2015-12-01 2016-11-30 07858716 2016-11-30 07858716 2015-11-30 07858716 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 07858716 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 07858716

VEN MORGAN LIMITED

Abbreviated Accounts

30 November 2016

VEN MORGAN LIMITED Registered Number 07858716

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	9,636	11,907
		9,636	11,907
Current assets
Stocks		8,000	13,044
Debtors		51,989	3,555
Cash at bank and in hand		39,804	26,582
		99,793	43,181
Creditors: amounts falling due within one year		(83,251)	(38,983)
Net current assets (liabilities)		16,542	4,198
Total assets less current liabilities		26,178	16,105
Total net assets (liabilities)		26,178	16,105
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		26,078	16,005
Shareholders' funds		26,178	16,105

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 August 2017

And signed on their behalf by:
V Morgan, Director

VEN MORGAN LIMITED Registered Number 07858716

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs of the fixed assets, less their estimated residual value , over their expected useful lives on the following basis:
Plant and Machinery 25% reducing balance

Other accounting policies
Stocks and Work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

2Tangible fixed assets

	£
Cost
At 1 December 2015	20,156
Additions	941
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	21,097
Depreciation
At 1 December 2015	8,249
Charge for the year	3,212
On disposals	-
At 30 November 2016	11,461
Net book values
At 30 November 2016	9,636
At 30 November 2015	11,907

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100