Morchard Refurbishment Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09680131 (England and Wales)

Unaudited financial statements

for the year ended 30th April 2017

For

Morchard Refurbishment Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

3

Director:

S Morgan

Secretary:

Registered office:

Under 1 Roof

Unit 9, The 10 Centre,Skeffington Street

Royal Arsenal

London

SE18 6SR

Registered number:

09680131 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

CURRENT ASSETS

Cash at bank

3,747

7,419

CREDITORS

Amounts falling due within one year

4,438

7,727

NET CURRENT LIABILITIES

(691

)

(308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(691

)

(308

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(692

)

(309

)

SHAREHOLDERS' FUNDS

(691

)

(308

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 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.

All the members have consented to the preparation of an abridged Statement of financial position for the year ended 30th April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 15th January 2018 and were signed by:

S Morgan - Director

1.	STATUTORY INFORMATION

Morchard Refurbishment 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30th April 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 10th July 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30th April 2017 and the period

ended 30th April 2016:

30.4.17

30.4.16

£

£

S Morgan

Balance outstanding at start of year

(6,064

)

-

Amounts advanced

20,251

7,347

Amounts repaid

(15,522

)

(13,411

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,335

)

(6,064

)

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Morgan.

6.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102.The last financial statements under

previous UK GAAP were for the period ended 30th April 2016. The date of transition was 10th July 2015.

However there are no changes in accounting policy and therefore profit for the period ending 30th April 2016

and equity at 30th April 2016 are the same. Therefore no reconciliation is required.