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Unaudited Financial Statements |
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for the Period 13 January 2016 to 31 January 2017 |
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Morley Construction (Leeds) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 13 January 2016 to 31 January 2017 |
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for |
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Morley Construction (Leeds) Limited |
Morley Construction (Leeds) Limited (Registered number: 09948422) |
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Contents of the Financial Statements |
for the Period 13 January 2016 to 31 January 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Morley Construction (Leeds) Limited |
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Company Information |
for the Period 13 January 2016 to 31 January 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
55 Fountain Street |
Morley |
Leeds |
West Yorkshire |
LS27 0AA |
Morley Construction (Leeds) Limited (Registered number: 09948422) |
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Balance Sheet |
31 January 2017 |
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Notes | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Morley Construction (Leeds) Limited (Registered number: 09948422) |
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Notes to the Financial Statements |
for the Period 13 January 2016 to 31 January 2017 |
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1. | STATUTORY INFORMATION |
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Morley Construction (Leeds) Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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This is the first year of adoption of FRS 102. |
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The financial statements are presented in Sterling (£) |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the |
related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of |
stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any |
reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an |
expense in the period in which the reversal occurs. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
VAT |
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Morley Construction (Leeds) Limited (Registered number: 09948422) |
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Notes to the Financial Statements - continued |
for the Period 13 January 2016 to 31 January 2017 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Directors' current accounts | 43,000 |
Accrued expenses |
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5. | RELATED PARTY DISCLOSURES |
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The directors provided an interest free loan to the company. Additional monies loaned to the company in the |
year amounted to £43,000. |
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Amount due to related parties as at 31st January 2017 was £43,000. |