MacDonald Partnerships (Ayr) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC429239 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2018

FOR

MACDONALD PARTNERSHIPS (AYR) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R A C MacDonald

Mrs C M MacDonald

REGISTERED OFFICE:

6 Crofthead Road

Prestwick

Ayrshire

KA9 1HW

REGISTERED NUMBER:

SC429239 (Scotland)

ACCOUNTANTS:

Firstax Limited

AFM House

6 Crofthead Road

Prestwick

Ayrshire

KA9 1HW

CURRENT ASSETS

Debtors

3

14,858

8,956

Cash at bank and in hand

1,779

106

16,637

9,062

CREDITORS

Amounts falling due within one year

4

16,333

8,931

NET CURRENT ASSETS

304

131

TOTAL ASSETS LESS CURRENT LIABILITIES

304

131

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

204

31

SHAREHOLDERS' FUNDS

304

131

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 29th April 2019 and were signed on its behalf by:

Mr R A C MacDonald - Director

1.	STATUTORY INFORMATION

MacDonald Partnerships (Ayr) Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

2,486

1,874

Directors' loan accounts

9,798

5,725

Prepayments and accrued income

2,574

1,357

14,858

8,956

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Tax

16,235

8,675

Other creditors

91

250

Accrued expenses

7

6

16,333

8,931

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

100

Ordinary £1.00

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1st August 2017

31

Profit for the year

25,473

Dividends

(25,300

)

At 31st July 2018

204

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st July 2018 and 31st July 2017:

31.7.18

31.7.17

£

£

Mrs C M MacDonald

Balance outstanding at start of year

2,862

770

Amounts advanced

20,102

15,553

Amounts repaid

(18,065

)

(13,461

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,899

2,862

Mr R A C MacDonald

Balance outstanding at start of year

2,863

771

Amounts advanced

20,102

15,553

Amounts repaid

(18,066

)

(13,461

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,899

2,863

8.	RELATED PARTY DISCLOSURES

At 31 July 2018 R MacDonald, Director owed the company £4,899 (2017: £2,863). The loan is interest free and has no fixed

date for repayment.

At 31 July 2018 C MacDonald, Director owed the company £4,899. (2017: £2,862). The loan is interest free and has no

fixed date for repayment.

9.	ULTIMATE CONTROLLING PARTY

MacDonald Partnerships (Ayr) Limited was under the ultimate control of Carol MacDonald and Roderick MacDonald

(directors) for the whole of the year to 31st July 2018.