ACCOUNTS - Final Accounts preparation


064948462013-04-06falsetrue2014-04-052014-04-05064948462013-04-062014-04-05064948462014-04-05064948462013-04-0506494846 c:FixturesFittingsToolsEquipment 2013-04-062014-04-0506494846 d:OrdinaryShareClass1 2014-04-0506494846 d:OrdinaryShareClass1 2013-04-0506494846 d:OrdinaryShareClass1 2013-04-062014-04-0506494846 d:Director1 2013-04-062014-04-05xbrli:sharesiso4217:GBP

Registered number: 06494846









MCKIBBIN ASSOCIATES LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2014

 
MCKIBBIN ASSOCIATES LIMITED
REGISTERED NUMBER: 06494846

ABBREVIATED BALANCE SHEET
AS AT 5 APRIL 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
5,402
6,353
 
CURRENT ASSETS





 
Debtors
46,051
45,458

 
Cash at bank

32,987
21,763







 
79,038
67,221
 
CREDITORS: amounts falling due within one year
(41,214)
(29,057)
 
NET CURRENT ASSETS


37,824

38,164
 
NET ASSETS
 43,226

 44,517
  
CAPITAL AND RESERVES

 
Called up share capital
3
1
1
 
Profit and loss account
43,225
44,516
 
SHAREHOLDERS' FUNDS
 

 43,226

 44,517


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 5 April 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 18 December 2014.




M A McKibbin
Director

The notes on page 2 form part of these financial statements.

Page 1

 
MCKIBBIN ASSOCIATES LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & fittings
-
25% reducing balance


2.TANGIBLE FIXED ASSETS



£


Cost 


At 6 April 2013
11,817

Additions
850


At 5 April 2014

12,667



Depreciation


At 6 April 2013
5,464

Charge for the year
1,801


At 5 April 2014

7,265




Net book value


At 5 April 2014
 5,402


At 5 April 2013

 6,353


3.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



1 Ordinary share of £1
 1
 1

Page 2