MCCGLC Limited - Abbreviated accounts 16.1
MCCGLC Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period 1 October 2014 to 31 December 2015 |
| for |
| MCCGLC Limited |
| MCCGLC Limited (Registered number: 05563882) |
| Contents of the Abbreviated Accounts |
| for the Period 1 October 2014 to 31 December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MCCGLC Limited |
| Company Information |
| for the Period 1 October 2014 to 31 December 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| MCCGLC Limited (Registered number: 05563882) |
| Abbreviated Balance Sheet |
| 31 December 2015 |
| 31.12.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 5 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| MCCGLC Limited (Registered number: 05563882) |
| Abbreviated Balance Sheet - continued |
| 31 December 2015 |
| The financial statements were approved by the director on |
| MCCGLC Limited (Registered number: 05563882) |
| Notes to the Abbreviated Accounts |
| for the Period 1 October 2014 to 31 December 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 January 2015). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding VAT. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| In 2011 the company categorised separately the software system that had previously been recorded within office equipment. |
| The resulting presentational change gave rise to a reclassification of £41,790 of historic costs. The software system which is |
| an internally created and bespoke event management tool was revalued in 2011 creating a revaluation reserve amount of |
| £67,409. The asset will be revalued periodically and its costs subject to depreciation on the basis of an annual impairment |
| review. |
| 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. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| and 31 December 2015 |
| AMORTISATION |
| At 1 October 2014 |
| Amortisation for period |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 30 September 2014 |
| MCCGLC Limited (Registered number: 05563882) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 1 October 2014 to 31 December 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for period |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 30 September 2014 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| Additions | 1 |
| At 31 December 2015 | 1 |
| NET BOOK VALUE |
| At 31 December 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: USA |
| Nature of business: |
| % |
| Class of shares: | holding |
| Common Stock | 100.00 |
| £ |
| Aggregate capital and reserves | 1 |
| Loans |
| £ |
| Additions | 54,401 |
| At 31 December 2015 | 54,401 |
| MCCGLC Limited (Registered number: 05563882) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 1 October 2014 to 31 December 2015 |
| 5. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 31.12.15 | 30.9.14 |
| £ | £ |
| Repayable otherwise than by instalments | 1 | 1 |
| Details of shares shown as liabilities are as follows: |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary A Redeemable | £1 |
| The Ordinary A redeemable preference share was redeemed at par on 22 March 2016. |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary | £1 |
| (30.9.14 - |
| On 10 December 2015 500 Ordinary shares of £1 each were purchased by the company and cancelled under the terms of an |
| agreement with the outgoing shareholder.The transaction was effected by way of a reduction in capital in accordance with |
| Section 641 Companies Act 2006, allowing for a purchase of the company's own shares fully utilising the reserves of the |
| company. HM Revenue & Customs were notified of the transaction and clearance obtained. |