Mulberrys Ind. Estate Agents Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05491224 (England and Wales)

MULBERRYS INDEPENDENT ESTATE AGENTS

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S G Daines

Mrs M A Daines

SECRETARY:

Mrs M A Daines

REGISTERED OFFICE:

Gladstone House

77-79 High Street

Egham

Surrey

TW20 9HY

REGISTERED NUMBER:

05491224 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

353,039

358,118

353,039

358,118

CURRENT ASSETS

Debtors

3,928

12,031

Cash at bank

123,485

100,656

127,413

112,687

CREDITORS

Amounts falling due within one year

(80,793

)

(57,400

)

NET CURRENT ASSETS

46,620

55,287

TOTAL ASSETS LESS CURRENT LIABILITIES

399,659

413,405

CREDITORS

Amounts falling due after more than one year

(397,112

)

(413,228

)

NET ASSETS

2,547

177

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,447

77

SHAREHOLDERS' FUNDS

2,547

177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 28 July 2017 and were signed on its behalf by:

S G Daines - 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 VAT

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Leasehold Property

-

2% on cost

Improvements to property

-

15% on reducing balance

Website

-

50% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

72,937

AMORTISATION

At 1 November 2015

and 31 October 2016

72,937

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

493,313

Additions

16,419

Disposals

(10,390

)

At 31 October 2016

499,342

DEPRECIATION

At 1 November 2015

135,195

Charge for year

18,867

Eliminated on disposal

(7,759

)

At 31 October 2016

146,303

NET BOOK VALUE

At 31 October 2016

353,039

At 31 October 2015

358,118

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2016 and

31 October 2015:

2016

2015

£

£

S G Daines and Mrs M A Daines

Balance outstanding at start of year

(262,944

)

(174,650

)

Amounts repaid

(12,114

)

(88,294

)

Balance outstanding at end of year

(275,058

)

(262,944

)

The balance outstanding at the end of year was owed to the directors.