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 2016
Note |
2016
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2015
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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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Creditors: Amounts falling due after more than one year |
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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 2016
......... 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 2016
......... 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 2016
......... continued
Deferred tax
Hire purchase and leasing
Pensions
M and R Morton Limited
Notes to the Abbreviated Accounts
Year Ended
30 September 2016
......... continued
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 2015 |
98,065 |
1,858,766 |
15 |
1,956,846 |
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Additions |
- |
193,386 |
100,000 |
293,386 |
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Disposals |
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(96,450) |
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(96,450) |
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At 30 September 2016 |
98,065 |
1,955,702 |
100,015 |
2,153,782 |
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Depreciation |
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At 1 October 2015 |
98,064 |
1,133,315 |
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1,231,379 |
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Charge for the year |
- |
177,981 |
- |
177,981 |
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Eliminated on disposals |
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(51,330) |
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(51,330) |
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At 30 September 2016 |
98,064 |
1,259,966 |
- |
1,358,030 |
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Net book value |
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At 30 September 2016 |
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At 30 September 2015 |
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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England and Wales |
150 Ordinary A shares, 50 Ordinary C shares and 100 Ordinary D shares |
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The financial period end of Wilsbury Limited is
M and R Morton Limited
Notes to the Abbreviated Accounts
Year Ended
30 September 2016
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
12,925 |
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Amounts falling due after more than one year |
12,875 |
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Total secured creditors |
25,800 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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