Registered Number
:
05998399
|
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2018
Morley Skips Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Morley Skips Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
302,400
271,680
3
302,400
271,680
Trade and other receivables
|
74,507
86,874
4
13,664
Cash and cash equivalents
|
23,063
109,937
88,171
Trade and other payables
:
amounts falling due within one year
|
(163,117)
(188,282)
5
(74,946)
(78,345)
Net current liabilities
Total assets less current liabilities
|
224,055
196,734
Trade and other payables
:
amounts falling due after more than one
|
year
|
(84,119)
(66,989)
6
(57,456)
(51,620)
Provisions for liabilities
|
99,610
Net assets
60,995
60
60
99,550
60,935
99,610
60,995
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 02 August 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2018
Morley Skips Ltd
Notes to the Financial Statements
Statutory Information
Morley Skips Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
05998399
.
|
Woodcote
Park Farm
Tolleshunt Knights
Maldon Essex
CM9 8HB
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
|
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The
|
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of 10 years.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Office equipment
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 December 2018
Morley Skips Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
30,000
30,000
30,000
30,000
-
-
3
.
Property
,
plant and equipment
|
Motor vehicles
565,159
3,350
31,979
529,830
113,258
2,840
-
110,418
(857)
(31,979)
-
(32,836)
640,248
-
5,333
645,581
Provision for depreciation and impairment
|
293,479
2,230
25,294
265,955
Charge for year
75,647
744
-
74,903
(25,945)
(651)
(25,294)
-
343,181
2,323
-
340,858
299,390
-
3,010
302,400
263,875
6,685
1,120
271,680
4
.
Trade and other receivables
|
2017
2018
65,025
66,372
21,849
8,135
74,507
86,874
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For the year ended 31 December 2018
Morley Skips Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
65,009
53,833
Taxation and social security
|
40,354
25,166
82,919
84,118
188,282
163,117
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
66,989
84,119
7
.
Average number of persons employed
|
During the year the average number of employees was 10 (2017 : 9)
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