Morgan Maintenance Bristol Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06138625 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

MORGAN MAINTENANCE BRISTOL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R W Morgan

Mrs W Morgan

SECRETARY:

Mrs W Morgan

REGISTERED OFFICE:

91-93 Alma Road

Clifton

Bristol

BS8 2DP

REGISTERED NUMBER:

06138625 (England and Wales)

ACCOUNTANTS:

Bryan Stone & Company

91-93 Alma Road

Clifton

Bristol

BS8 2DP

FIXED ASSETS

Intangible assets

2

7,200

9,600

Tangible assets

3

1,270

1,558

8,470

11,158

CURRENT ASSETS

Stocks

597,824

597,341

Debtors

-

548

Cash at bank

2,522

6,926

600,346

604,815

CREDITORS

Amounts falling due within one year

572,653

597,951

NET CURRENT ASSETS

27,693

6,864

TOTAL ASSETS LESS CURRENT LIABILITIES

36,163

18,022

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

36,063

17,922

SHAREHOLDERS' FUNDS

36,163

18,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 10 December 2014 and were signed on its behalf by:

R W 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 April 2008).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance and 15% on reducing balance

Computer equipment

-

33% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

24,000

AMORTISATION

At 1 April 2013

14,400

Amortisation for year

2,400

At 31 March 2014

16,800

NET BOOK VALUE

At 31 March 2014

7,200

At 31 March 2013

9,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

4,243

DEPRECIATION

At 1 April 2013

2,685

Charge for year

288

At 31 March 2014

2,973

NET BOOK VALUE

At 31 March 2014

1,270

At 31 March 2013

1,558

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

100

Ordinary

£1

100

100