Company Registration No. 04805068 (England and Wales)
Morgan Valley Limited
Unaudited accounts
for the year ended 31 March 2018
Morgan Valley Limited
Unaudited accounts
Contents
Morgan Valley Limited
Company Information
for the year ended 31 March 2018
Company Number
04805068 (England and Wales)
Registered Office
C/O Waltwood Accountants, Bron Haul
Johns Terrace, Carmel
Llanelli
Dyfed
SA14 7SD
Wales
Accountants
Waltwood Accountants
Bron Haul
Johns Terrace, Carmel
Llanelli
Carmarthenshire
SA14 7SD
Morgan Valley Limited
Statement of financial position
as at
31 March 2018
Intangible assets
9,900
9,900
Tangible assets
3,211
4,281
Cash at bank and in hand
762
1,117
Creditors: amounts falling due within one year
(7,640)
(24,066)
Net current (liabilities)/assets
(553)
7,201
Total assets less current liabilities
12,558
21,382
Creditors: amounts falling due after more than one year
-
(4,256)
Called up share capital
1
1
Profit and loss account
12,557
17,125
Shareholders' funds
12,558
17,126
For the year ending 31 March 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 December 2018.
Mr M C Honey
Director
Company Registration No. 04805068
Morgan Valley Limited
Notes to the Accounts
for the year ended 31 March 2018
Morgan Valley Limited is a private company, limited by shares, registered in England and Wales, registration number 04805068. The registered office is C/O Waltwood Accountants, Bron Haul, Johns Terrace, Carmel, Llanelli, Dyfed, SA14 7SD, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Morgan Valley Limited
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
1,070
Other debtors
6,325
18,000
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
2,130
Trade creditors
1,134
856
Taxes and social security
6,506
7,603
Loans from directors
-
13,477
9
Creditors: amounts falling due after more than one year
2018
2017
10
Average number of employees
During the year the average number of employees was 0 (2017: 1).