Allan Morris & Jones Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08011165 (England and Wales)

Financial Statements for the Year Ended 31st March 2018

for

Allan Morris & Jones Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D V Jones

SECRETARY:

Mrs D E Jones

REGISTERED OFFICE:

Bridge House

Riverside North

Bewdley

Worcestershire

DY12 1AB

REGISTERED NUMBER:

08011165 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Intangible assets

4

18,156

30,195

Tangible assets

5

7,774

10,557

25,930

40,752

CURRENT ASSETS

Debtors

18,438

14,435

Cash at bank and in hand

29

88

18,467

14,523

CREDITORS

Amounts falling due within one year

103,620

91,201

NET CURRENT LIABILITIES

(85,153

)

(76,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(59,223

)

(35,926

)

PROVISIONS FOR LIABILITIES

1,709

2,082

NET LIABILITIES

(60,932

)

(38,008

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(61,032

)

(38,108

)

SHAREHOLDERS' FUNDS

(60,932

)

(38,008

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors on 20th December 2018 and were signed on its behalf by:

D V Jones - Director

1.	STATUTORY INFORMATION

Allan Morris & Jones 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

GOODWILL

Goodwill included in the accounts is the amount paid in connection with the acquisition of a business in both

2009 and 2012. Goodwill had not previously been amortised by the directors as it was believed that there has

been no diminution in the value of goodwill.

In line with FRS 102 and taking into account the reduction in company profits during the year, the directors have

decided to amortise goodwill over a useful life of 10 years, this amortisation has been calculated from the

acquisition dates.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 6 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2017

and 31st March 2018

120,390

AMORTISATION

At 1st April 2017

90,195

Amortisation for year

12,039

At 31st March 2018

102,234

NET BOOK VALUE

At 31st March 2018

18,156

At 31st March 2017

30,195

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2017

31,865

Additions

3,058

Disposals

(10,262

)

At 31st March 2018

24,661

DEPRECIATION

At 1st April 2017

21,308

Charge for year

3,406

Eliminated on disposal

(7,827

)

At 31st March 2018

16,887

NET BOOK VALUE

At 31st March 2018

7,774

At 31st March 2017

10,557

6.	GOING CONCERN

As at 31 March 2018 the Balance Sheet showed net liabilities of £60,932. The bank and the director have

agreed to continue to support the company for the foreseeable future which has enabled the accounts to be

drawn up on a going concern basis.