Year Ended
Company Registration Number:
M and R Morton Limited
Contents
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M and R Morton Limited
Abbreviated Balance Sheet
30 September 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
M and R Morton Limited
Abbreviated Balance Sheet
30 September 2015
......... continued
Approved by the Board on
M G E Morton
Director
Company Registration Number: 03533003
2
M and R Morton Limited
Notes to the Abbreviated Accounts
Year Ended
30 September 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and is held at amortised cost. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Depreciation
All fixed assets are initially recorded at cost.
Tangible fixed assets other than freehold land are stated at cost less depreciation.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold Property |
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Plant & Machinery |
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Greenhouse |
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Fixed asset investments
Stock and work in progress
M and R Morton Limited
Notes to the Abbreviated Accounts
Year Ended
30 September 2015
......... continued
Deferred tax
Hire purchase and leasing
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Investments
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Total
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Cost |
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At 1 October 2014 |
98,065 |
1,683,101 |
15 |
1,781,181 |
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Additions |
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193,402 |
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193,402 |
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Disposals |
- |
(17,737) |
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(17,737) |
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At 30 September 2015 |
98,065 |
1,858,766 |
15 |
1,956,846 |
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Depreciation |
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At 1 October 2014 |
98,064 |
965,509 |
- |
1,063,573 |
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Charge for the year |
- |
178,378 |
- |
178,378 |
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Eliminated on disposals |
- |
(10,572) |
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(10,572) |
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At 30 September 2015 |
98,064 |
1,133,315 |
- |
1,231,379 |
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Net book value |
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At 30 September 2015 |
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At 30 September 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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