McGregors (Mansfield) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03887537 (England and Wales)

MCGREGORS (MANSFIELD) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

C J Holder

Miss C Dove

C B Chadwick

SECRETARY:

C J Holder

REGISTERED OFFICE:

i2 Mansfield Suite 0.3

Hamilton Court

Oakham Business Park

Mansfield

Nottinghamshire

NG18 5FB

REGISTERED NUMBER:

03887537 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

15,812

18,860

15,812

18,860

CURRENT ASSETS

Debtors

4

211,837

217,020

Cash at bank and in hand

135,425

98,741

347,262

315,761

CREDITORS

Amounts falling due within one year

162,852

161,688

NET CURRENT ASSETS

184,410

154,073

TOTAL ASSETS LESS CURRENT LIABILITIES

200,222

172,933

CAPITAL AND RESERVES

Called up share capital

5

163,230

163,230

Profit and loss account

36,992

9,703

SHAREHOLDERS' FUNDS

200,222

172,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 Board of Directors on 11 September 2015 and were signed on its behalf by:

C J Holder - Director

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 comprises revenue recognised by the company in respect of goods and services

supplied, exclusive of Value Added Tax and trade discounts.

In accordance with UITF40 "Revenue Recognition & Service Contracts", turnover represents

amounts derived from the provision of work for clients. Revenue is recognised on each client

assignment as work progresses and outcomes on matters are known with reasonable

certainty.

Goodwill

Goodwill, being the amount paid in connection with the acquisitions of various businesses, is

being amortised evenly over its estimated useful lives of between five and twenty years for

each purchase.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Fixtures, fittings & computer equipment - 10-33% on cost

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

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

Employer financed retirement benefit scheme

In 2013, the Company established and made contributions to an employer financed

retirement benefit scheme for the benefit of its officers, employees and their wider families,

The McGregors (Mansfield) Ltd 2013 Employer Financed Retirement Benefits Scheme ("The

Scheme").

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate

payment arrangements" the Company does not include the assets and liabilities of The

Scheme on its balance sheet to the extent that it considers that it will not retain any

economic benefit from the assets of The Scheme and will not have control of the rights or

other access to those present economic benefits.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

137,881

AMORTISATION

At 1 January 2014

and 31 December 2014

137,881

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

90,597

Additions

3,814

At 31 December 2014

94,411

DEPRECIATION

At 1 January 2014

71,737

Charge for year

6,862

At 31 December 2014

78,599

NET BOOK VALUE

At 31 December 2014

15,812

At 31 December 2013

18,860

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2013 - £ 31,643 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

150

Ordinary A

£1

150

150

50

Ordinary B

£1

50

50

20

Ordinary C

£1

20

20

10

Ordinary D

£1

10

10

163,000

Redeemable Cumulative Preferen

£1

163,000

163,000

163,230

163,230

6.	ULTIMATE PARENT COMPANY

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2014 and 31 December 2013:

2014

2013

£

£

C J Holder

Balance outstanding at start of year

1,500

-

Amounts advanced

76,082

109,270

Amounts repaid

(77,582

)

(107,770

)

Balance outstanding at end of year

-

1,500