Moorby Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07207259 (England and Wales)

MOORBY DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

K G Whall

SECRETARY:

A Whall

REGISTERED OFFICE:

Moorby

Skinners Lane

Middle Rasen

Lincolnshire

LN8 3JD

REGISTERED NUMBER:

07207259 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Moorby Developments Limited for the year ended 31st March 2018 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Moorby Developments Limited in accordance with the terms of our engagement letter dated 14th July 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Moorby Developments Limited and state those matters that we have agreed to state to the director of Moorby Developments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Moorby Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Moorby Developments Limited. You consider that Moorby Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Moorby Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

18th December 2018

FIXED ASSETS

Tangible assets

3

42,696

55,108

CURRENT ASSETS

Stocks

1,902,622

1,629,893

Debtors

4

348,255

347,339

Cash at bank

19,284

273,823

2,270,161

2,251,055

CREDITORS

Amounts falling due within one year

5

204,093

157,436

NET CURRENT ASSETS

2,066,068

2,093,619

TOTAL ASSETS LESS CURRENT LIABILITIES

2,108,764

2,148,727

PROVISIONS FOR LIABILITIES

8,113

11,022

NET ASSETS

2,100,651

2,137,705

CAPITAL AND RESERVES

Called up share capital

2,200,002

2,200,002

Retained earnings

(99,351

)

(62,297

)

SHAREHOLDERS' FUNDS

2,100,651

2,137,705

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 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 18th December 2018 and were signed by:

K G Whall - Director

1.	STATUTORY INFORMATION

Moorby Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2017

and 31st March 2018

46,167

49,000

1,572

96,739

DEPRECIATION

At 1st April 2017

12,135

28,328

1,168

41,631

Charge for year

7,013

5,168

231

12,412

At 31st March 2018

19,148

33,496

1,399

54,043

NET BOOK VALUE

At 31st March 2018

27,019

15,504

173

42,696

At 31st March 2017

34,032

20,672

404

55,108

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts due from associated

companies

323,501

323,501

VAT

24,192

23,575

Prepayments

562

263

348,255

347,339

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,375

9,618

Tax

-

119

Social security and other taxes

950

1,005

Directors' current accounts

194,955

145,309

Accrued expenses

1,813

1,385

204,093

157,436