MacAulay Trading Ltd - Limited company - abbreviated - 11.0.0
MacAulay Trading Ltd - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 October 2013 |
| for |
| MacAulay Trading Ltd |
| MacAulay Trading Ltd (Registered number: SC257646) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| MacAulay Trading Ltd |
| Company Information |
| for the Year Ended 31 October 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| MacAulay Trading Ltd (Registered number: SC257646) |
| Abbreviated Balance Sheet |
| 31 October 2013 |
| 31.10.13 | 31.10.12 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 3 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| MacAulay Trading Ltd (Registered number: SC257646) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2013 |
| 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. |
| Turnover is stated net of VAT and is derived from accommodation and food and drink sales. It is recognised when goods |
| or services are provided to customers. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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 |
| 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. |
| Grants receivable |
| Grants received towards capital expenditure are deferred and written off to profit and loss account at rates intended to |
| reflect the estimated useful lives of the relevant assets. Grants received for revenue purposes are credited in full to profit |
| and loss account at the time of their receipt or when the company becomes entitled to receipt and no significant doubt |
| exists that the grants will be received. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2012 |
| Additions |
| At 31 October 2013 |
| DEPRECIATION |
| At 1 November 2012 |
| Charge for year |
| At 31 October 2013 |
| NET BOOK VALUE |
| At 31 October 2013 |
| At 31 October 2012 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| MacAulay Trading Ltd (Registered number: SC257646) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2013 |
| 3. | CREDITORS - continued |
| They also include the following debts falling due in more than five years: |
| 31.10.13 | 31.10.12 |
| £ | £ |
| Repayable by instalments |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.13 | 31.10.12 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | GOING CONCERN |
| The company is reliant upon continuing financial support from Mr C Macaulay and Mrs K Macaulay, directors, to allow it to |
| continue to trade and to meet its obligations to suppliers as they fall due. The directors have indicated that they intend to |
| continue to provide this support for the foreseeable future. The directors will not be repaid their loans until the company |
| returns to a a position of net assets and for this reason the financial statements have been prepared on the going concern |
| basis. |
| 6. | CONTROL |
| The company was controlled by director C MacAulay in the year to 31 October 2013 |
| . |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| MacAulay Trading Ltd |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of MacAulay Trading Ltd for the year ended 31 October 2013 which comprise the Profit and Loss Account, 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 of Scotland, we are subject to its ethical and other |
| professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
| This report is made solely to the Board of Directors of MacAulay Trading Ltd, as a body, in accordance with our terms of |
| engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MacAulay Trading Ltd |
| and state those matters that we have agreed to state to the Board of Directors of MacAulay Trading Ltd, as a body, in this report in |
| accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at |
| http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume |
| responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that MacAulay Trading Ltd has kept adequate accounting records and to prepare statutory financial |
| statements that give a true and fair view of the assets, liabilities, financial position and profit of MacAulay Trading Ltd. You consider |
| that MacAulay Trading 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 financial statements of MacAulay Trading 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 statutory financial statements. |
| Chartered Accountants |
| 15 July 2014 |