| McBrine Structures (Midlands) Ltd |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of McBrine Structures (Midlands) Ltd for the year ended 31 December 2014 |
|
|
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of McBrine Structures (Midlands) Ltd for the year ended 31 December 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of McBrine Structures (Midlands) Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of McBrine Structures (Midlands) Ltd and state those matters that we have agreed to state to the Board of Directors of McBrine Structures (Midlands) Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McBrine Structures (Midlands) Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that McBrine Structures (Midlands) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of McBrine Structures (Midlands) Ltd. You consider that McBrine Structures (Midlands) Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of McBrine Structures (Midlands) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Collins |
| Chartered Accountants |
| The Lodge, Castle Bromwich Hall |
| Chester Road |
| Castle Bromwich |
| West Midlands |
| B36 9DE |
|
| 15 September 2015 |
|
| McBrine Structures (Midlands) Ltd |
| Registered number: |
03072359 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
|
|
|
|
|
|
|
|
|
| Notes |
|
2014 |
|
2013 |
| £ |
£ |
£ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
168 |
|
|
251 |
|
| Current assets |
| Stocks |
|
|
100,109 |
|
|
294,026 |
| Debtors |
|
|
104,678 |
|
|
60,751 |
| Cash at bank and in hand |
|
|
206,658 |
|
|
399,926 |
|
|
|
411,445 |
|
|
754,703 |
|
| Creditors: amounts falling due within one year |
|
|
(293,997) |
|
|
(502,909) |
|
| Net current assets |
|
|
|
117,448 |
|
|
251,794 |
|
| Net assets |
|
|
|
117,616 |
|
|
252,045 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
500 |
|
|
500 |
| Profit and loss account |
|
|
|
117,116 |
|
|
251,545 |
|
| Shareholders' funds |
|
|
|
117,616 |
|
|
252,045 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| D J McBrine |
| Director |
| Approved by the board on 15 September 2015 |
|
| McBrine Structures (Midlands) Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2014 |
|
|
|
|
|
|
|
|
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.Where a contract has been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the expected consideration at completion. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
Fixtures, fittings and computers |
20% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Provision is made for deferred taxation using the liability method on all timing differences that have originated but not reversed by the balance sheet date. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
64,349 |
|
At 31 December 2014 |
64,349 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2014 |
64,098 |
|
Charge for the year |
83 |
|
At 31 December 2014 |
64,181 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
168 |
|
At 31 December 2013 |
251 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
500 |
|
500 |
|
500 |
|
|
|
|
|
|
|
|
|
