Registered Number
:
SC
254247
|
For the year ended 31 August 2018
Scotland
Unaudited Financial Statements
For the year ended 31 August 2018
A & F MacKinnon Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
A & F MacKinnon Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
73,754
79,084
2
73,754
79,084
3,825
4,140
3
Trade and other receivables
|
14,247
14,001
4
631
Cash and cash equivalents
|
3,632
21,773
18,703
Trade and other payables
:
amounts falling due within one
|
year
|
(28,677)
(32,922)
5
(9,974)
(11,149)
Net current liabilities
Total assets less current liabilities
|
62,605
69,110
62,605
Net assets
69,110
2
2
62,603
69,108
62,605
69,110
Shareholders' funds
For the year ended 31 August 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 30 May 2019 and were signed by:
|
1 of 4
For the year ended 31 August 2018
A & F MacKinnon Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 4
For the year ended 31 August 2018
A & F MacKinnon Limited
Notes to the Financial Statements
Statutory Information
A
&
F MacKinnon Limited is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration
|
number SC
254247
.
|
Principal place of business
:
|
391 Victoria Road
Glasgow
G42 8RZ
54 Gordon Street
Glasgow
G1 3PU
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of value added tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
For the year ended 31 August 2018
A & F MacKinnon Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
148,562
27,232
121,330
121,330
27,232
148,562
Provision for depreciation and impairment
|
69,478
25,801
43,677
Charge for year
5,330
477
4,853
74,808
26,278
48,530
72,800
954
73,754
77,653
1,431
79,084
2017
2018
4,140
3,825
4
.
Trade and other receivables
|
2017
2018
9,454
10,711
4,547
3,536
14,247
14,001
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
6,394
5,609
Taxation and social security
|
14,831
15,627
11,697
7,441
32,922
28,677
4 of 4