Moorland Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03078730 (England and Wales)

Moorland Associates Limited

Cessation Financial Statements

for the Period 1st August 2017 to 31st October 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Madge

A J Madge

SECRETARY:

A J Madge

REGISTERED OFFICE:

C/O City, Chartered Accountants

Suite 540, 5th Floor, Linen Hall

162-168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

03078730 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

4

-

113

CURRENT ASSETS

Debtors

5

3,228

8,165

Cash at bank and in hand

4,280

27,317

7,508

35,482

CREDITORS

Amounts falling due within one year

6

(7,505

)

(15,489

)

NET CURRENT ASSETS

3

19,993

TOTAL ASSETS LESS CURRENT LIABILITIES

3

20,106

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1

20,104

SHAREHOLDERS' FUNDS

3

20,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 31st July 2019 and were signed on its behalf by:

R S Madge - Director

1.	STATUTORY INFORMATION

Moorland Associates Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Over 2 and 5 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 balance sheet date.

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 period was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st August 2017

28,293

3,000

16,884

48,177

Disposals

(28,293

)

(3,000

)

(16,884

)

(48,177

)

At 31st October 2018

-

-

-

-

DEPRECIATION

At 1st August 2017

28,293

3,000

16,771

48,064

Charge for period

-

-

38

38

Eliminated on disposal

(28,293

)

(3,000

)

(16,809

)

(48,102

)

At 31st October 2018

-

-

-

-

NET BOOK VALUE

At 31st October 2018

-

-

-

-

At 31st July 2017

-

-

113

113

5.

DEBTORS

31.10.18

31.7.17

£

£

Amounts falling due within one year:

Directors' current accounts

-

8,165

Amounts falling due after more than one year:

Tax

3,228

-

Aggregate amounts

3,228

8,165

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.7.17

£

£

Trade creditors

-

3,488

Tax

-

5,399

VAT

-

4,866

Directors' current accounts

5,515

-

Accrued expenses

1,990

1,736

7,505

15,489

7.	RELATED PARTY DISCLOSURES

At the year end the company owed A J Madge and R S Madge owed the company £5,116 2017:

(£3,402)

The company is controlled by A J Madge and R S Madge who own one share each in the company.

During the year R S Madge has given a personal guarantee on the property leased by the company.

Total dividends of £8,967 were paid to the Directors.