|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2017 |
|
for |
|
Teddy Morgan Ltd |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 March 2017 |
|
for |
|
Teddy Morgan Ltd |
Teddy Morgan Ltd (Registered number: SC409616) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 March 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 4 |
|
Chartered Accountants' Report | 8 |
Teddy Morgan Ltd |
|
Company Information |
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
10 Newton Terrace |
Charing Cross |
Glasgow |
G3 7PJ |
Teddy Morgan Ltd (Registered number: SC409616) |
|
Abridged Statement of Financial Position |
31 March 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 6 |
|
|
Retained earnings | 7 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
Teddy Morgan Ltd (Registered number: SC409616) |
|
Abridged Statement of Financial Position - continued |
31 March 2017 |
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Teddy Morgan Ltd (Registered number: SC409616) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2017 |
|
1. | STATUTORY INFORMATION |
|
Teddy Morgan Ltd is a
|
number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Goodwill |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Long leasehold | - |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
|
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. |
|
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. |
|
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. |
Teddy Morgan Ltd (Registered number: SC409616) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
AMORTISATION |
At 1 April 2016 |
|
Amortisation for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
|
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
|
Additions |
|
At 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
Teddy Morgan Ltd (Registered number: SC409616) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
6. | CALLED UP SHARE CAPITAL |
|
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
value: | £ | £ |
|
A Ordinary | £1 | 10 | 10 |
|
B Ordinary | £1 | 10 | 10 |
|
C Ordinary | £1 | 10 | 10 |
30 | 30 |
|
7. | RESERVES |
Retained |
earnings |
£ |
|
At 1 April 2016 |
|
Profit for the year |
|
Dividends | ( |
) |
At 31 March 2017 |
|
|
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to directors subsisted during the years ended 31 March 2017 and |
31 March 2016: |
|
31.3.17 | 31.3.16 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
Teddy Morgan Ltd (Registered number: SC409616) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2017 |
|
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
|
|
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
( |
) |
|
9. | RELATED PARTY DISCLOSURES |
|
TM External Events Limited |
|
A company with common shareholders and directors. |
|
|
31.3.17 | 31.3.16 |
£ | £ |
Amount due (to)/from related party at the balance sheet date | (12,732 | ) | 5,199 |
|
Sub Club Music Limited |
|
A company with common shareholders and directors. |
|
|
31.3.17 | 31.3.16 |
£ | £ |
Amount due from related party at the balance sheet date | - | 2,551 |
|
10. | ULTIMATE CONTROLLING PARTY |
|
The directors, by virtue of their equal shareholdings, are considered to be the Controlling Party. |
|
11. | FIRST YEAR ADOPTION |
|
The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention |
and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015) as at 1st |
April 2016. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Teddy Morgan Ltd |
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Statement of Financial Position. Readers are cautioned that the Abridged Statement of Comprehensive Income |
and certain other primary statements and the Report of the Directors are not required to be filed with the |
Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Teddy Morgan Ltd for the year ended 31 March 2017 which comprise the Abridged Statement of |
Comprehensive Income, Abridged Statement of Financial Position, and the related notes from the company's accounting |
records and from information and explanations you have given us. |
|
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
|
This report is made solely to the Board of Directors of Teddy Morgan Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Teddy Morgan Ltd and state those matters that we have agreed to state to the Board of Directors of Teddy Morgan Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Teddy Morgan Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Teddy Morgan Ltd. You consider that Teddy Morgan Ltd is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Teddy Morgan Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
10 Newton Terrace |
Charing Cross |
Glasgow |
G3 7PJ |
|
|
|