Maculloch Interiors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC121749 (Scotland)

MACULLOCH INTERIORS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

L A Maculloch

SECRETARY:

Mrs H G Maculloch

REGISTERED OFFICE:

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

REGISTERED NUMBER:

SC121749 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

FIXED ASSETS

Tangible assets

2

171

231

CURRENT ASSETS

Stocks

12,500

5,000

Debtors

39,222

4,064

51,722

9,064

CREDITORS

Amounts falling due within one year

133,602

113,532

NET CURRENT LIABILITIES

(81,880

)

(104,468

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(81,709

)

(104,237

)

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

(86,709

)

(109,237

)

SHAREHOLDERS' FUNDS

(81,709

)

(104,237

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 5 December 2014 and were signed by:

L A Maculloch - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director has a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. For long term finance the company relies on the loans provided by the

director, disclosed in Note 9. In assessing going concern the director has assumed that these loans will not be

repaid for the foreseeable future. The company is also reliant on the continued support of the bank and facilities

have recently been reviewed, on that basis. The director continues to adopt the going concern basis of

accounting in preparing the annual financial statements. Current levels of activity have increased due to winning

certain long term contracts.

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, attributable to the one principal

activity of the company being that of contract furnishing.

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

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

moving items.

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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

2,987

DEPRECIATION

At 1 May 2013

2,756

Charge for year

60

At 30 April 2014

2,816

NET BOOK VALUE

At 30 April 2014

171

At 30 April 2013

231

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

5,000

Ordinary

£1

5,000

5,000

The following reproduces the text of the report prepared for the director 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 Maculloch Interiors Limited for the year ended 30 April 2014 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 director of Maculloch Interiors Limited in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of Maculloch Interiors

Limited and state those matters that we have agreed to state to the director of Maculloch Interiors Limited 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 director for our work or for this report.

It is your duty to ensure that Maculloch Interiors Limited 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 Maculloch

Interiors Limited. You consider that Maculloch Interiors Limited 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 Maculloch Interiors Limited.

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.

Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

5 December 2014