H J Morgan Limited - Accounts to registrar (filleted) - small 17.3

H J Morgan Limited - Accounts to registrar (filleted) - small 17.3

H J MORGAN LIMITED - Company Information

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REGISTERED NUMBER: 06291896 (England and Wales)















H J MORGAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017






H J MORGAN LIMITED (REGISTERED NUMBER: 06291896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H J MORGAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTOR: Mrs L Payami





REGISTERED OFFICE: 5 Yeomans Court
Ware Road
Hertford
Hertfordshire
SG13 7HJ





REGISTERED NUMBER: 06291896 (England and Wales)
Page 1
H J MORGAN LIMITED (REGISTERED NUMBER: 06291896)

BALANCE SHEET
30 JUNE 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,053 1,238

CURRENT ASSETS
Debtors 5 3,120 -
Cash at bank 10,168 7,974
13,288 7,974
CREDITORS
Amounts falling due within one year 6 13,200 11,130
NET CURRENT ASSETS/(LIABILITIES) 88 (3,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,141
(1,918
)

PROVISIONS FOR LIABILITIES 200 248
NET ASSETS/(LIABILITIES) 941 (2,166 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 841 (2,266 )
941 (2,166 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
H J MORGAN LIMITED (REGISTERED NUMBER: 06291896)

BALANCE SHEET - continued
30 JUNE 2017


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 28 March 2018 and were signed by:





Mrs L Payami - Director


The notes form part of these financial statements

Page 3
H J MORGAN LIMITED (REGISTERED NUMBER: 06291896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017


1. STATUTORY INFORMATION

H J Morgan 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.

The financial statements are presented in sterling (£) which is also the functional currency for the
company.

Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and
assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both
current and future periods.

The directors consider that there are no significant judgements or estimates in the preparation of these
financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

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 etc - 15% on reducing balance

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 balance sheet date.


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H J MORGAN LIMITED (REGISTERED NUMBER: 06291896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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.

Transition to frs 102
The company transitioned from previously extant UK GAAP to FRS 102, section 1 A as at 1 July 2015.
The transition to FRS 102, section 1A has not affected the reported financial position and financial
performance.
Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the
arrangement constitutes a financing transaction in which case the transaction is measured at the
present value of the future receipts discounted at the prevailing market rate of interest. Loans are
initially measured at fair value and are subsequently measured at amortised cost using the effective
interest method less any impairment.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term
deposits with an original maturity date of three months or less. For the purpose of the consolidated
cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined
above, net of outstanding bank overdrafts

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a
financing transaction in which case the transaction is measured at present value of future payments
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair
value net of their transaction costs. They are subsequently measured at amortised cost using the
effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 5 continued...
H J MORGAN LIMITED (REGISTERED NUMBER: 06291896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2016
and 30 June 2017 2,041
DEPRECIATION
At 1 July 2016 803
Charge for year 185
At 30 June 2017 988
NET BOOK VALUE
At 30 June 2017 1,053
At 30 June 2016 1,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 3,120 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 7,243 5,977
Other creditors 5,957 5,153
13,200 11,130

Page 6