Registered number:
UNAUDITED
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2018
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MAB LIMITED
COMPANY INFORMATION
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MAB LIMITED
CONTENTS
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MAB LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MAY 2018
The director presents his report and the financial statements for the year ended 31 May 2018.
This report was approved by the board on
Page 1
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MAB LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MAB LIMITED
FOR THE YEAR ENDED 31 MAY 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 MAB Limited for the year ended 31 May 2018 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the Company accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at
http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017
.
This report is made solely to the director of MAB Limited in accordance with the terms of our engagement letter dated
4 October 2010. Our work has been undertaken solely
to prepare for your approval the financial statements of MAB Limited and state those matters that we have agreed to state to the director of MAB Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/technical-resources/framework-for-the-preparation-of-accounts-revised-january-2017. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAB Limited and its director for our work or for this report.
It is your duty to ensure that MAB 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 or loss of MAB Limited. You consider that MAB Limited is exempt from the statutory audit requirement for the year.
Chartered Accountants
11 Dudhope Terrace
DD3 6TS
Page 2
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MAB LIMITED
REGISTERED NUMBER:
SC308197
BALANCE SHEET
AS AT
31 MAY 2018
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 4 to 5 form part of these financial statements.
Page 3
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MAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018
MAB Limited is a private company limited by shares, incorporated in Scotland within the United Kingdom (company number SC308197). The address of the registered office is given in the company information page of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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MAB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018
Page 5
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