For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04636930
A A Moorley Limited
For the year ended 31 January 2016
1
Accountant's Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
A A Moorley Limited
Accountant's Report
For the year ended 31 January 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
ended 31 January 2016 and you consider that the company is exempt from an audit under the Companies Act |
2006. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chaddesden Accountants Ltd
The Old Post Office
478 Nottingham Road
Chaddesden
Derby
DE21 6PF
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Notes to the Abbreviated Financial Statements |
A A Moorley Limited
For the year ended 31 January 2016
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
estimated expected useful economic life of the goodwill of 0 years. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Assets on finance lease and hire purchase |
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
and depreciated over the shorter of the lease term and their estimated expected useful lives. |
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
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Notes to the Abbreviated Financial Statements |
A A Moorley Limited
For the year ended 31 January 2016
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2 Intangible fixed assets |
7,500
7,500
7,500
7,500
23,134
23,134
20,957
544
Charge for year
21,501
1,633
2,177
Allotted called up and fully paid |
2016
2015
1 Ordinary share of £1.00 each |
1
1
1
1
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