Martin Morgan Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08203663 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Martin Morgan Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

MCE Morgan

REGISTERED OFFICE:

Kenton House

Oxford Street

MORETON IN MARSH

GL56 0LA

REGISTERED NUMBER:

08203663 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

20 Imperial Square

CHELTENHAM

GL50 1QZ

FIXED ASSETS

Property, plant and equipment

4

-

522

CURRENT ASSETS

Debtors

5

46,048

26,535

Cash at bank and in hand

58,470

41,678

104,518

68,213

CREDITORS

Amounts falling due within one year

6

24,314

17,783

NET CURRENT ASSETS

80,204

50,430

TOTAL ASSETS LESS CURRENT LIABILITIES

80,204

50,952

PROVISIONS FOR LIABILITIES

-

104

NET ASSETS

80,204

50,848

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,104

50,748

SHAREHOLDERS' FUNDS

80,204

50,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 October 2017 and were signed by:

MCE Morgan - Director

1.	STATUTORY INFORMATION

Martin Morgan Services Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 January 2016

and 31 December 2016

1,568

DEPRECIATION

At 1 January 2016

1,046

Charge for year

522

At 31 December 2016

1,568

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

46,048

26,535

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

20,060

13,856

Other creditors

4,254

3,927

24,314

17,783

7.	RELATED PARTY DISCLOSURES

8.	PARTICIPATING INTEREST

The company is a member of Terra Firma Risk Management LLP, a incorporated limited liability

partnership based in England and Wales.

The company is entitled to receive a share of the partnership's profits, which for the period ended 31

December 2016 was £141,877 (2015: £99,493). Total profits before members' remuneration for the

period were £635,219 (2015: £485,524).

9.	CONTROLLING PARTY

The ultimate controlling party is the director by virtue of their shareholding.