Martin Morgan Services Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08203663 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Martin Morgan Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

MCE Morgan

REGISTERED OFFICE:

20 Imperial Square

CHELTENHAM

Gloucestershire

GL50 1QZ

REGISTERED NUMBER:

08203663 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

20 Imperial Square

CHELTENHAM

GL50 1QZ

CURRENT ASSETS

Debtors

5

40,144

46,048

Cash at bank and in hand

34,214

58,470

74,358

104,518

CREDITORS

Amounts falling due within one year

6

6,177

24,314

NET CURRENT ASSETS

68,181

80,204

TOTAL ASSETS LESS CURRENT LIABILITIES

68,181

80,204

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

68,081

80,104

SHAREHOLDERS' FUNDS

68,181

80,204

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 4 June 2018 and were signed by:

MCE Morgan - Director

1.	STATUTORY INFORMATION

Martin Morgan Services 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.

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 January 2017

and 31 December 2017

1,568

DEPRECIATION

At 1 January 2017

and 31 December 2017

1,568

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

40,144

46,048

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

2,173

20,060

Other creditors

4,004

4,254

6,177

24,314

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 were paid to the director .

8.	PARTICIPATING INTEREST

The company is a member of Terra Firma Risk Management LLP, a incorporated limited liability

partnership based in England and Wales.

The company is entitled to receive a share of the partnership's profits, which for the period ended 31

December 2017 was £14,746 (2016: £141,877). Total profits before members' remuneration for the

period were £84,032 (2016: £635,219).

9.	CONTROLLING PARTY

The ultimate controlling party is the director by virtue of their shareholding.