Morrice and Wright Ifa Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC309696 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Morrice and Wright Ifa Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Morrice

W Wright

REGISTERED OFFICE:

Offices 1&2

Oldmeldrum Business Centre

Oldmeldrum

Inverurie

Aberdeenshire

AB51 0BZ

REGISTERED NUMBER:

SC309696 (Scotland)

ACCOUNTANTS:

Alpha Business Services Limited

Chartered Accountant

Inverebrie

Ellon

Aberdeenshire

AB41 8PX

FIXED ASSETS

Tangible assets

2

-

350

CURRENT ASSETS

Debtors

-

2,242

Cash at bank and in hand

91,720

83,975

91,720

86,217

CREDITORS

Amounts falling due within one year

41,745

43,695

NET CURRENT ASSETS

49,975

42,522

TOTAL ASSETS LESS CURRENT
LIABILITIES

49,975

42,872

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

49,875

42,772

SHAREHOLDERS' FUNDS

49,975

42,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 July 2016 and were signed on its
behalf by:

W Wright - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

4,916

DEPRECIATION

At 1 January 2015

4,566

Charge for year

350

At 31 December 2015

4,916

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

80

Ordinary 'A'

£1

80

5

Ordinary 'B'

£1

5

Ordinary 'C'

£1

5

Ordinary 'D'

£1

5

Ordinary 'E'

£1

5

100