McAinsh Consulting Limited - Limited company - abbreviated - 11.9

McAinsh Consulting Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 06246721(England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

McAinsh Consulting Limited

McAinsh Consulting Limited (Registered number: 06246721)






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




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

McAinsh Consulting Limited

Company Information
for the Year Ended 31 March 2015







DIRECTORS: Mrs A Hussain Thomson
Mr I Thomson





SECRETARY: Mrs A Hussain Thomson





REGISTERED OFFICE: Rosemary Cottage
4 The Drove
Twyford
Winchester
Hampshire
SO21 1QL





REGISTERED NUMBER: 06246721(England and Wales)





ACCOUNTANTS: RHK Business Advisers LLP
Chartered Accountants
and Business Advisers
Coburg House
1 Coburg Street
Gateshead
Tyne & Wear
NE8 1NS

McAinsh Consulting Limited (Registered number: 06246721)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 1,064 1,862
1,064 1,862

CURRENT ASSETS
Stocks 530 4,000
Debtors 10,654 11,189
Cash at bank 3,879 18
15,063 15,207
CREDITORS
Amounts falling due within one year 18,163 20,507
NET CURRENT LIABILITIES (3,100 ) (5,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,036
)
(3,438
)

PROVISIONS FOR LIABILITIES 213 333
NET LIABILITIES (2,249 ) (3,771 )

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account (2,259 ) (3,781 )
SHAREHOLDERS' FUNDS (2,249 ) (3,771 )

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

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




Mrs A Hussain Thomson- Director



Mr I Thomson- Director


McAinsh Consulting Limited (Registered number: 06246721)

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
At the year end the directors recognise that the company is insolvent. The directors are confident over the
next twelve months they can improve the insolvent position. The directors consider the company to be a going
concern due to the continued support of the creditors.

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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as
a small company.

Turnover
Turnover represents net invoiced sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised
in respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred taxation is measured on a non-discounted basis at the average tax rates that would apply when the
timing differences are expected to reverse, based on tax rates and laws that have been enacted by the
balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating
result.

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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 30,000
AMORTISATION
At 1 April 2014
and 31 March 2015 30,000
NET BOOK VALUE

At 31 March 2015 -
At 31 March 2014 -

McAinsh Consulting Limited (Registered number: 06246721)

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

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 8,706
DEPRECIATION
At 1 April 2014 6,844
Charge for year 798
At 31 March 2015 7,642
NET BOOK VALUE
At 31 March 2015 1,064
At 31 March 2014 1,862

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
10 Ordinary £1 10 10

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and
31 March 2014:

2015 2014
£    £   
Mrs A Hussain Thomson
Balance outstanding at start of year 477 4,251
Amounts advanced 51,364 50,551
Amounts repaid (48,539 ) (54,325 )
Balance outstanding at end of year 3,302 477

Mr I Thomson
Balance outstanding at start of year 477 4,251
Amounts advanced 51,364 50,551
Amounts repaid (48,539 ) (54,325 )
Balance outstanding at end of year 3,302 477

The above advanced loans were made interest free, at arm's length and are repayable on demand.