Company Registration No. 3862635 (England and Wales)
MCDONALD ENERGY & CONTROL LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
MCDONALD ENERGY & CONTROL LTD.
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MCDONALD ENERGY & CONTROL LTD.
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,146
3,973
Current assets
Debtors
5,143
12,712
Cash at bank and in hand
32,609
17,068
37,752
29,780
Creditors: amounts falling due within one year
(31,960)
(32,025)
Net current assets/(liabilities)
5,792
(2,245)
Total assets less current liabilities
8,938
1,728
Provisions for liabilities
(598)
(795)
8,340
933
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
8,338
931
Shareholders' funds
8,340
933
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements 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 financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 11 July 2017
I McDonald
J McDonald
Director
Director
Company Registration No. 3862635
MCDONALD ENERGY & CONTROL LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
30% p.a.
Fixtures, fittings & equipment
10% p.a.
Motor vehicles
20% p.a. on book value
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2015 & at 31 October 2016
19,881
Depreciation
At 1 November 2015
15,908
Charge for the year
827
At 31 October 2016
16,735
Net book value
At 31 October 2016
3,146
At 31 October 2015
3,973
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 A ordinary shares of £1 each
1
1
1 B ordinary shares of £1 each
1
1
2
2