Abbreviated Company Accounts - MORGAN BERKELEY LIMITED

MORGAN BERKELEY LIMITED - Company Information

02714239 MORGAN BERKELEY LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 02714239 2013-10-01 2014-09-30 02714239 2014-09-30 02714239 2013-09-30 02714239 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 02714239 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 02714239

MORGAN BERKELEY LIMITED

Abbreviated Accounts

30 September 2014

MORGAN BERKELEY LIMITED Registered Number 02714239

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	533,752	584,585
Tangible assets	3	23,629	19,045
		557,381	603,630
Current assets
Debtors		31,914	21,138
Cash at bank and in hand		16,789	7,865
		48,703	29,003
Creditors: amounts falling due within one year		(226,732)	(279,816)
Net current assets (liabilities)		(178,029)	(250,813)
Total assets less current liabilities		379,352	352,817
Total net assets (liabilities)		379,352	352,817
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		379,252	352,717
Shareholders' funds		379,352	352,817

For the year ending 30 September 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 June 2015

And signed on their behalf by:
P Y K LEONG, Director

MORGAN BERKELEY LIMITED Registered Number 02714239

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its useful life, as follows:

Plant and machinery - 25% reducing balance

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Intangible fixed assets

	£
Cost
At 1 October 2013	762,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	762,500
Amortisation
At 1 October 2013	177,915
Charge for the year	50,833
On disposals	-
At 30 September 2014	228,748
Net book values
At 30 September 2014	533,752
At 30 September 2013	584,585

3Tangible fixed assets

	£
Cost
At 1 October 2013	39,662
Additions	12,918
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	52,580
Depreciation
At 1 October 2013	20,617
Charge for the year	8,334
On disposals	-
At 30 September 2014	28,951
Net book values
At 30 September 2014	23,629
At 30 September 2013	19,045

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100