McConnachie Ayr Limited - Limited company - abbreviated - 11.6

McConnachie Ayr Limited - Limited company - abbreviated - 11.6

MCCONNACHIE AYR LTD - Company Information

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REGISTERED NUMBER: SC371152 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

McConnachie Ayr Limited

McConnachie Ayr Limited (Registered number: SC371152)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

McConnachie Ayr Limited

Company Information
for the Year Ended 31 January 2015







DIRECTOR: A McConnachie





REGISTERED OFFICE: 3 Saltfield Lane
Ayr
KA8 8BW





REGISTERED NUMBER: SC371152 (Scotland)





ACCOUNTANTS: Ballantyne Reid & Co. Ltd
22 Moorfield Road
PRESTWICK
Ayrshire
KA9 2HW
1
McConnachie Ayr Limited (Registered number: SC371152)

Abbreviated Balance Sheet
31 January 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 33,246 28,049

CURRENT ASSETS
Stocks 46,023 14,435
Debtors 42,302 51,944
Cash at bank and in hand 513 19,179
88,838 85,558
CREDITORS
Amounts falling due within one year 78,079 79,154
NET CURRENT ASSETS 10,759 6,404
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,005
34,453

CREDITORS
Amounts falling due after more than one
year
(14,104		 )
(7,843		 )

PROVISIONS FOR LIABILITIES (5,137 ) (3,766 )
NET ASSETS 24,764 22,844

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 24,763 22,843
SHAREHOLDERS' FUNDS 24,764 22,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

2 continued...
McConnachie Ayr Limited (Registered number: SC371152)

Abbreviated Balance Sheet - continued
31 January 2015


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 director on 31 July 2015 and were signed by:





A McConnachie - Director


The notes form part of these abbreviated accounts

3
McConnachie Ayr Limited (Registered number: SC371152)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 46,647
Additions 15,189
Disposals (1,000 )
At 31 January 2015 60,836
DEPRECIATION
At 1 February 2014 18,598
Charge for year 8,992
At 31 January 2015 27,590
NET BOOK VALUE
At 31 January 2015 33,246
At 31 January 2014 28,049

4 continued...
McConnachie Ayr Limited (Registered number: SC371152)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1 Ordinary 1 1 1

5