Marray Thoroughbred Services Limited,Ltd - AccountsLtd - Accounts

MARRAY THOROUGHBRED SERVICES LTD - Company Information

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Marray Thoroughbred Services Limited

Registered Number:09201245

For the year ended 30 September 2017

England and Wales

Unaudited Financial Statements

For the year ended 30 September 2017

Marray Thoroughbred Services Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 September 2017

Marray Thoroughbred Services Limited

Statement of Financial Position

Registered Number :

09201245

2016

2017

Notes

Fixed assets

Property, plant and equipment

1,180

1,470

1,180

1,470

Current assets

Trade and other receivables

3,400

3,950

4,408

Cash and cash equivalents

6,035

9,985

7,808

Trade and other payables: amounts falling due within one year

(8,067)

(9,602)

(259)

383

Net current assets

Total assets less current liabilities

1,563

1,211

1,563

Net assets

1,211

Capital and reserves

Called up share capital

100

Retained earnings

1,463

1,111

1,563

1,211

Shareholders' funds

For the year ended 30 September 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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.

A Marray Director

These financial statements were approved and authorised for issue by the Board on 15 June 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 30 September 2017

Marray Thoroughbred Services Limited

Notes to the Financial Statements

Statutory Information

Marray Thoroughbred Services Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09201245.

Registered address:

Church Limes

School Lane

Islip

Northants

NN14 3LQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20 Reducing balance

Fixtures and fittings

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.

2. Property, plant and equipment

Fixtures and

fittings

Cost or valuation

At 01 October 2016

1,996

At 30 September 2017

1,996

Provision for depreciation and impairment

At 01 October 2016

526

Charge for year

290

At 30 September 2017

816

At 30 September 2017

Net book value

1,180

At 30 September 2016

1,470

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For the year ended 30 September 2017

Marray Thoroughbred Services Limited

Notes to the Financial Statements Continued

3. Trade and other receivables

2016

2017

Trade debtors

3,950

3,400

The debtors above include the following amounts falling due after more than one year:

Trade debtors

3,950

3,400

All debtors are receivable within one year.

4. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

188

556

Taxation and social security

5,876

5,247

Accruals and deferred income

500

Directors' loan accounts

3,038

1,764

9,602

8,067

5. Related party transactions

Dividends were paid during the year to the director A Marray of £12000 (2016 £13000)

The company was under the control of its director who held 100% of the share capital throughout the year.

6. Guarantees and other financial commitments

Capital commitments

There were no committments for future capital expenditure at the balance sheet date.

7. Subsequent events

No post balance sheet events have occurred since 30 September 2017, which require reporting or disclosing in the accounts.

8. Average number of persons employed

During the year the average number of employees (including director) was 1 (2016 : 1)

9. Transition to FRS 102

This is the first year that the company has presented its financial statements under Financial Reporting Standard 102 (FRS 102)

issued by the Financial Reporting Council. The last financial statements for the year ended 30 September 2016, were prepared

under previous UK GAAP. The transition date to FRS 102 is therefore 1 October 2016

Adopting FRS 102 has meant that a number of accounting policies have changed to comply with the new standard but the

directors feel that no adjustments need to be made to comply with the new standard.

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