McBride Graphic Design Limited - Accounts to registrar (filleted) - small 18.2

McBride Graphic Design Limited - Accounts to registrar (filleted) - small 18.2

MCBRIDE GRAPHIC DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 04564740 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

MCBRIDE GRAPHIC DESIGN LIMITED
MCBRIDE GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04564740)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MCBRIDE GRAPHIC DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







DIRECTORS: D F McBride
Mrs J F McBride





SECRETARY: Mrs J F McBride





REGISTERED OFFICE: 2 Ravens Road
Shoreham by Sea
West Sussex
BN43 5AJ





REGISTERED NUMBER: 04564740 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY
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MCBRIDE GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04564740)

BALANCE SHEET
31 OCTOBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316 421

CURRENT ASSETS
Debtors 5 1,286 108
Cash at bank 1,212 1,790
2,498 1,898
CREDITORS
Amounts falling due within one year 6 7,979 5,177
NET CURRENT LIABILITIES (5,481 ) (3,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(5,165
)
(2,858
)

PROVISIONS FOR LIABILITIES 7 54 96
NET LIABILITIES (5,219 ) (2,954 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (5,319 ) (3,054 )
SHAREHOLDERS' FUNDS (5,219 ) (2,954 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 January 2020 and were signed on its behalf by:





Mrs J F McBride - Director


The notes form part of these financial statements

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MCBRIDE GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04564740)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019


1. STATUTORY INFORMATION

McBride Graphic Design Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's financial statements have been prepared on a going concern basis. The directors have indicated
that they are willing to continue to support the company for the forthcoming 12 months.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated
customer rebates and other similar allowances. Revenue from the provision of graphic design services is
recognised when the job is completed and the customer is invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of
the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an
impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the
impairment loss is a revaluation decrease.

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MCBRIDE GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04564740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 November 2018
and 31 October 2019 8,420
DEPRECIATION
At 1 November 2018 7,999
Charge for year 105
At 31 October 2019 8,104
NET BOOK VALUE
At 31 October 2019 316
At 31 October 2018 421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 960 108
Other debtors 326 -
1,286 108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 160 343
Other creditors 7,819 4,834
7,979 5,177

7. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax 54 96

Deferred
tax
£   
Balance at 1 November 2018 96
Credit to Income Statement during year (42 )
Balance at 31 October 2019 54

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MCBRIDE GRAPHIC DESIGN LIMITED (REGISTERED NUMBER: 04564740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019


8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

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