McNicholl Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: NI046173 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

McNicholl Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G McNicholl

SECRETARY:

J A McNicholl

REGISTERED OFFICE:

20 Market Road

Ballymena

BT43 6EL

REGISTERED NUMBER:

NI046173 (Northern Ireland)

FIXED ASSETS

Tangible assets

2

-

255

CURRENT ASSETS

Stocks

8,672

6,212

Debtors

1,414

1,474

Cash at bank

2,384

15,151

12,470

22,837

CREDITORS

Amounts falling due within one year

2,126

12,321

NET CURRENT ASSETS

10,344

10,516

TOTAL ASSETS LESS CURRENT LIABILITIES

10,344

10,771

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

10,044

10,471

SHAREHOLDERS' FUNDS

10,344

10,771

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 4 April 2014 and were signed by:

G McNicholl - 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 represents net invoiced goods & services, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

2,869

Disposals

(2,869

)

At 31 March 2014

-

DEPRECIATION

At 1 April 2013

2,614

Eliminated on disposal

(2,614

)

At 31 March 2014

-

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

255

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

300

Ordinary

£1

300

300