Morgan Ritchie Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01936867 (England and Wales)

Financial Statements for the Year Ended 31 August 2017

for

Morgan Ritchie Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms G S Hughes

S A Sim

SECRETARY:

S A Sim

REGISTERED OFFICE:

Suite 110

The Malthouse Business Centre

48 Southport Road

Ormskirk

Lancashire

L39 1QR

REGISTERED NUMBER:

01936867 (England and Wales)

ACCOUNTANTS:

R.J. Anderton Limited

Chartered Accountants

Suite 110-112, First Floor

Malthouse Business Centre

Ormskirk

Lancashire

L39 1QR

FIXED ASSETS

Tangible assets

4

267,757

275,064

CURRENT ASSETS

Debtors

5

3,642

1,608

Cash at bank

11,353

9,803

14,995

11,411

CREDITORS

Amounts falling due within one year

6

56,042

47,552

NET CURRENT LIABILITIES

(41,047

)

(36,141

)

TOTAL ASSETS LESS CURRENT LIABILITIES

226,710

238,923

CREDITORS

Amounts falling due after more than one year

7

(117,999

)

(130,365

)

PROVISIONS FOR LIABILITIES

(355

)

-

NET ASSETS

108,356

108,558

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

107,356

107,558

SHAREHOLDERS' FUNDS

108,356

108,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 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 Board of Directors on 29 March 2018 and were signed on its behalf by:

Ms G S Hughes - Director

1.	STATUTORY INFORMATION

Morgan Ritchie 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.

Short leasehold

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 September 2016

and 31 August 2017

349,543

14,029

14,096

250

377,918

DEPRECIATION

At 1 September 2016

76,487

13,610

12,648

109

102,854

Charge for year

6,991

63

217

36

7,307

At 31 August 2017

83,478

13,673

12,865

145

110,161

NET BOOK VALUE

At 31 August 2017

266,065

356

1,231

105

267,757

At 31 August 2016

273,056

419

1,448

141

275,064

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

550

550

Other debtors

1,975

-

Prepayments

1,117

1,058

3,642

1,608

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

4,202

-

Tax

1,816

1,719

Other creditors

49,004

44,843

Accrued expenses

1,020

990

56,042

47,552

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans - 2-5 years

117,999

130,365