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REGISTERED NUMBER:
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MORTON STOKES LIMITED |
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31S |
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REGISTERED NUMBER:
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MORTON STOKES LIMITED |
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31S |
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MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 5 |
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MORTON STOKES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Bridge House |
Dronfield |
S18 2XL |
MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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ABRIDGED BALANCE SHEET |
31ST MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one
year |
( |
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( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS
CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more
than one year |
5 |
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( |
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NET ASSETS |
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MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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ABRIDGED BALANCE SHEET - continued |
31ST MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
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. |
MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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ABRIDGED BALANCE SHEET - continued |
31ST MARCH 2017 |
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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
were signed on its behalf by: |
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MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Morton Stokes Limited is a
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England and Wales. 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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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, |
excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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No depreciation has been provided on freehold land as the directors are of the opinion |
that the market value is in excess of the historical cost value. Therefore to depreciate |
this assets would be a departure from showing the accounts to be true and fair. |
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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. |
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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 that have been enacted or substantively enacted by the balance sheet date. |
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MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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2. | ACCOUNTING POLICIES - continued |
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 year 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. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st April 2016 |
and 31st March 2017 |
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DEPRECIATION |
At 1st April 2016 |
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Charge for year |
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At 31st March 2017 |
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NET BOOK VALUE |
At 31st March 2017 |
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At 31st March 2016 |
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Included in cost of land and buildings is freehold land of £ 590,869 (2016 - £ 590,869 |
) which is not depreciated. |
MORTON STOKES LIMITED (REGISTERED NUMBER: 03530098) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2017 |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank loans |
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The bank loan is secured upon the Dronfield site situated at Stubley Lane.. |
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7. | ULTIMATE CONTROLLING PARTY |
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The controlling party is R W Stokes. |
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8. | CONTROLLING INTEREST |
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The company was under the sole control of its director Mr. R. W. Stokes throughout |
the current and proceeding year. |