Mayell Shearer Ltd

Mayell Shearer Ltd

MAYELL SHEARER LTD. - Company Information

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1 October 2018 false Taxfiler 2020.8 SC255622business:PrivateLimitedCompanyLtd2018-10-012019-09-30 SC2556222018-09-30 SC2556222018-10-012019-09-30 SC255622business:AuditExempt-NoAccountantsReport2018-10-012019-09-30 SC255622business:FullAccounts2018-10-012019-09-30 SC2556222019-09-30 SC255622business:Director12018-10-012019-09-30 SC255622business:Director22018-10-012019-09-30 SC255622business:RegisteredOffice2018-10-012019-09-30 SC2556222018-09-30 SC255622core:WithinOneYear2019-09-30 SC255622core:WithinOneYear2018-09-30 SC255622core:ShareCapital2019-09-30 SC255622core:ShareCapital2018-09-30 SC255622core:RetainedEarningsAccumulatedLosses2019-09-30 SC255622core:RetainedEarningsAccumulatedLosses2018-09-30 SC255622business:SmallEntities2018-10-012019-09-30 SC255622countries:Scotland2018-10-012019-09-30 SC255622core:ComputerEquipment2018-10-012019-09-30 SC255622core:Goodwill2018-09-30 SC255622core:Goodwill2019-09-30 SC255622core:Goodwill2018-10-012019-09-30 SC255622core:ComputerEquipment2018-09-30 SC255622core:ComputerEquipment2019-09-30 SC255622business:OrdinaryShareClass12018-10-012019-09-30 SC255622business:OrdinaryShareClass12017-10-012018-09-30 SC2556222017-10-012018-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC255622 (Scotland)
Mayell Shearer Ltd Unaudited accounts for the year ended 30 September 2019
Mayell Shearer Ltd Unaudited accounts Contents
Page
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Mayell Shearer Ltd Company Information for the year ended 30 September 2019
Directors
J A Shearer L B Shearer
Company Number
SC255622 (Scotland)
Registered Office
Aiket Cottage Collonach Strachan Banchory Aberdeenshire AB31 6NL
Accountants
Roger H Baxter Ltd 1 Mill Lane Bradley Keighley Yorkshire BD20 9EE
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Mayell Shearer Ltd Statement of financial position as at 30 September 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
34,000 
45,333 
Tangible assets
5
328 
410 
34,328 
45,743 
Current assets
Debtors
6
5,295 
5,005 
Cash at bank and in hand
927 
3,474 
6,222 
8,479 
Creditors: amounts falling due within one year
7
(23,555)
(22,708)
Net current liabilities
(17,333)
(14,229)
Total assets less current liabilities
16,995 
31,514 
Provisions for liabilities
Deferred tax
(63)
(79)
Net assets
16,932 
31,435 
Capital and reserves
Called up share capital
8
2 
2 
Profit and loss account
16,930 
31,433 
Shareholders' funds
16,932 
31,435 
For the year ending 30 September 2019 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2020 and were signed on its behalf by
J A Shearer Director Company Registration No. SC255622
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Mayell Shearer Ltd Notes to the Accounts for the year ended 30 September 2019
1
Statutory information
Mayell Shearer Ltd is a private company, limited by shares, registered in Scotland, registration number SC255622. The registered office is Aiket Cottage, Collonach Strachan, Banchory, Aberdeenshire, AB31 6NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2018
45,333 
At 30 September 2019
45,333 
Amortisation
At 1 October 2018
- 
Charge for the year
11,333 
At 30 September 2019
11,333 
Net book value
At 30 September 2019
34,000 
At 30 September 2018
45,333 
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Mayell Shearer Ltd Notes to the Accounts for the year ended 30 September 2019
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2018
1,934 
At 30 September 2019
1,934 
Depreciation
At 1 October 2018
1,524 
Charge for the year
82 
At 30 September 2019
1,606 
Net book value
At 30 September 2019
328 
At 30 September 2018
410 
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
5,295 
5,005 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
1,835 
980 
Taxes and social security
1,434 
2,177 
Loans from directors
20,286 
19,551 
23,555 
22,708 
8
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 0 (2018: 2).
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