Mourbuild Limited - Period Ending 2016-08-31

Mourbuild Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016

Mourbuild Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Mourbuild Limited

(Registration number: 08182163)
Abbreviated Balance Sheet as at 31 August 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets		17,599	20,995
Current assets
Debtors		48,196	65,972
Cash at bank and in hand		52,249	85,217
		100,445	151,189
Creditors: Amounts falling due within one year		(1,879)	(35,255)
Net current assets		98,566	115,934
Total assets less current liabilities		116,165	136,929
Provisions for liabilities		(3,520)	(4,199)
Net assets		112,645	132,730
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		112,644	132,729
Shareholders' funds		112,645	132,730

For the year ending 31 August 2016 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 director on 9 February 2017

.........................................
Mr Martin Mournian
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Mourbuild Limited

Notes to the Abbreviated Accounts

1	Accounting policies

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% Straight line

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 September 2015	20,995	20,995
Additions	23,613	23,613
Disposals	(20,995)	(20,995)
At 31 August 2016	23,613	23,613
Depreciation
Charge for the year	6,014	6,014
At 31 August 2016	6,014	6,014
Net book value
At 31 August 2016	17,599	17,599
At 31 August 2015	20,995	20,995

Page 2

Mourbuild Limited

Notes to the Abbreviated Accounts

	Tangible assets £	Total £
Cost
At 1 September 2015	20,995	20,995
Additions	23,613	23,613
Disposals	(20,995)	(20,995)
At 31 August 2016	23,613	23,613
Depreciation
Charge for the year	6,014	6,014
At 31 August 2016	6,014	6,014
Net book value
At 31 August 2016	17,599	17,599
At 31 August 2015	20,995	20,995

3	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

4	Related party transactions

Transactions with directors

2016	At 1 September 2015 £	Advances to directors £	Repayments by director £	Other payments made to company by director £	At 31 August 2016 £
Mr Martin Mournian
Directors Loan Account	54,291	19,481	(61,641)	-	12,131

5

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 3