Morencourt Limited - Period Ending 2013-05-31

Registration number: SC121018

Morencourt Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2013
 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
1 Melgund Place
Hawick
Borders
TD9 9HY

Morencourt Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Morencourt Limited
(Registration number: SC121018)
at 31 May 2013

		Note			2013 £			2012 £
Current assets
Debtors					65,456			63,440
Cash at bank and in hand					323			228
					65,779			63,668
Creditors: Amounts falling due within one year					(18,279)			(17,620)
Net assets					47,500			46,048
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					47,400			45,948
Shareholders' funds					47,500			46,048

For the year ending 31 May 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 28 March 2014 and signed on its behalf by:

.........................................
Mr Alexander Gavin Mark Stevenson
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Morencourt Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2013

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Deferred tax

Deferrde tax is recognised, without discounting, in respect of all timimng differences between the treatment of certain items for taxation and accounting purposes, which have all arisen but not yet reversed by the balance sheet date, except as required by FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

3	Related party transactions

Directors' advances and credits

	2013 Advance/ Credit £	2013 Repaid £	2012 Advance/ Credit £	2012 Repaid £
Mr Alexander Gavin Mark Stevenson
Interest is charged on overdrawn loans at a rate of 4.0% per annum	52,064	-	49,948	2,467

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