MORGAN_&_MORGAN_BUILDERS_ - Accounts

MORGAN & MORGAN BUILDERS LIMITED - Company Information

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Company Registration No. 04971923 (England and Wales)

MORGAN & MORGAN BUILDERS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

MORGAN & MORGAN BUILDERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MORGAN & MORGAN BUILDERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

3,214

3,923

Current assets

Stocks

1,750

1,500

Debtors

183

22,044

Cash at bank and in hand

24,107

3,344

26,040

26,888

Creditors: amounts falling due within one year

(21,693)

(19,974)

Net current assets

4,347

6,914

Total assets less current liabilities

7,561

10,837

Capital and reserves

Called up share capital

100

Profit and loss account

7,461

10,737

Shareholders' funds

7,561

10,837

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 December 2014

R J Morgan

J Morgan

Director

Company Registration No. 04971923

MORGAN & MORGAN BUILDERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% Reducing balance

Motor vehicles

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

12,486

Depreciation

At 1 April 2013

8,563

Charge for the year

709

At 31 March 2014

9,272

Net book value

At 31 March 2014

3,214

At 31 March 2013

3,923

MORGAN & MORGAN BUILDERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

40 Ordinary 'A' shares of £1 each

40 Ordinary 'B' shares of £1 each

20 Ordinary 'C' shares of £1 each

100