The Morley James Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04500287 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

THE MORLEY JAMES GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Morley-Cotterell

REGISTERED OFFICE:

Avon House

435 Stratford Road

Shirley

Solihull

West Midlands

B90 4AA

REGISTERED NUMBER:

04500287 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

1,342

11,114

CURRENT ASSETS

Debtors

5

45,311

48,090

Cash at bank

10,956

2,170

56,267

50,260

CREDITORS

Amounts falling due within one year

6

51,365

58,178

NET CURRENT ASSETS/(LIABILITIES)

4,902

(7,918

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,244

3,196

PROVISIONS FOR LIABILITIES

1,721

2,223

NET ASSETS

4,523

973

CAPITAL AND RESERVES

Called up and paid share capital

100

100

Retained earnings

4,423

873

SHAREHOLDERS' FUNDS

4,523

973

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 28 September 2018 and were signed by:

Mr J Morley-Cotterell - Director

1.	STATUTORY INFORMATION

The Morley James Group Ltd 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.

Turnover

Turnover represents invoiced sales of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% 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 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

41,778

Additions

800

Disposals

(18,000

)

At 31 December 2017

24,578

DEPRECIATION

At 1 January 2017

30,664

Charge for year

2,978

Eliminated on disposal

(10,406

)

At 31 December 2017

23,236

NET BOOK VALUE

At 31 December 2017

1,342

At 31 December 2016

11,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

45,311

48,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

6,397

Trade creditors

23,912

23,911

Taxation and social security

1,100

1,517

Other creditors

26,353

26,353

51,365

58,178

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

-

6,397

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017

and 31 December 2016:

2017

2016

£

£

Mr J Morley-Cotterell

Balance outstanding at start of year

8,090

54,931

Amounts advanced

7,717

8,090

Amounts repaid

(8,090

)

(54,931

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,717

8,090

The loan is interest free and there are no fixed terms for repayment.