Mckechnie Leisure And Trading Co.Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01511211

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

MCKECHNIE LEISURE AND TRADING CO.LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H.C. Furlong

Mrs. E.J. Furlong

SECRETARY:

Mrs. E.J. Furlong

REGISTERED OFFICE:

1 High Street

Thatcham

Newbury

Berks

RG19 3JG

REGISTERED NUMBER:

01511211

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Tangible assets

4

136,047

135,308

CURRENT ASSETS

Debtors

5

12,895

16,090

Cash at bank

14,240

9,681

27,135

25,771

CREDITORS

Amounts falling due within one year

6

21,022

20,907

NET CURRENT ASSETS

6,113

4,864

TOTAL ASSETS LESS CURRENT LIABILITIES

142,160

140,172

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

142,158

140,170

SHAREHOLDERS' FUNDS

142,160

140,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 October 2018 and were signed on its behalf by:

H.C. Furlong - Director

Mrs. E.J. Furlong - Director

1.	STATUTORY INFORMATION

Mckechnie Leisure And Trading Co.Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

property

property

Totals

£

£

£

COST

At 1 June 2017

129,020

25,721

154,741

Additions

739

-

739

At 31 May 2018

129,759

25,721

155,480

DEPRECIATION

At 1 June 2017

and 31 May 2018

19,433

-

19,433

NET BOOK VALUE

At 31 May 2018

110,326

25,721

136,047

At 31 May 2017

109,587

25,721

135,308

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Other debtors

12,895

16,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Taxation and social security

1,878

-

Other creditors

19,144

20,907

21,022

20,907

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.18

31.5.17

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 June 2017

140,170

Profit for the year

11,988

Dividends

(10,000

)

At 31 May 2018

142,158

9.	CONTINGENT LIABILITIES

There were no contingent liabilities at the 31st May 2018 or at 31st May 2017

.

10.	ULTIMATE CONTROLLING PARTY

The Directors, MR H.C. Furlong and Mrs E.J. Furlong, control the company by virtue of a controlling interest of

100% of the issued ordinary share capital.