Mark Wallace Cars Limited 30/04/2018 iXBRL

Mark Wallace Cars Limited 30/04/2018 iXBRL

MARK WALLACE CARS LIMITED - Company Information

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Company registration number: SC318753
Mark Wallace Cars Limited
Unaudited filleted financial statements
30 April 2018
Mark Wallace Cars Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Mark Wallace Cars Limited
Directors and other information
Directors Mr R M Wallace
Mrs P Wallace
Secretary Mrs P Wallace
Company number SC318753
Registered office 2 Dunnet Way
East Mains Industrial Estate
Broxburn
West Lothian
EH52 5NN
Business address 2 Dunnet Way
East Mains Industrial Estate
Broxburn
West Lothian
EH52 5NN
Accountants JB
New Custom House
Register Street
Bo'ness
EH51 9AE
Bankers Royal Bank of Scotland
177 High Street
Portobello
Edinburgh
EH15 1EU
Solicitors Morton Fraser
Quartermile Two
2 Lister Square
Edinburgh
EH3 9GL
Mark Wallace Cars Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Mark Wallace Cars Limited
Year ended 30 April 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Wallace Cars Limited for the year ended 30 April 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Mark Wallace Cars Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Wallace Cars Limited and state those matters that we have agreed to state to the board of directors of Mark Wallace Cars Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Wallace Cars Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Mark Wallace Cars 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 Mark Wallace Cars Limited. You consider that Mark Wallace Cars 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 Mark Wallace Cars 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.
JB
Chartered Accountants
New Custom House
Register Street
Bo'ness
EH51 9AE
Date: 22 November 2018
Mark Wallace Cars Limited
Statement of financial position
30 April 2018
2018 2017
£ £
Fixed assets 281 562
_______ _______
Current assets 58,079 104,599
Creditors: amounts falling due within one year ( 56,328) ( 146,581)
_______ _______
Net current assets/(liabilities) 1,751 ( 41,982)
_______ _______
Total assets less current liabilities 2,032 ( 41,420)
Accruals and deferred income ( 700) ( 850)
_______ _______
Net assets/(liabilities) 1,332 ( 42,270)
_______ _______
Capital and reserves 1,332 ( 42,270)
_______ _______
Mark Wallace Cars Limited
Year ended 30 April 2018
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2017: 3 ).
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 November 2018 , and are signed on behalf of the board by:
Mr R M Wallace
Director
Company registration number: SC318753
The company is a private company limited by shares, registered in Scotland.