Company Registration No. SC296037 (Scotland)
A-Mac Environmental Limited
Unaudited accounts
for the year ended 31 January 2019
A-Mac Environmental Limited
Unaudited accounts
Contents
A-Mac Environmental Limited
Company Information
for the year ended 31 January 2019
Directors
A MacKillop
E C MacKillop
Company Number
SC296037 (Scotland)
Registered Office
Unit 11b
Balmakeith Industrial Estate
Nairn
IV12 5QW
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
A-Mac Environmental Limited
Statement of financial position
as at 31 January 2019
Tangible assets
86,445
98,209
Cash at bank and in hand
80,343
63,061
Creditors: amounts falling due within one year
(255,933)
(237,033)
Net current assets
85,664
19,552
Total assets less current liabilities
172,109
117,761
Creditors: amounts falling due after more than one year
(28,974)
(31,590)
Provisions for liabilities
Deferred tax
(12,731)
(11,398)
Called up share capital
100
100
Profit and loss account
130,304
74,673
Shareholders' funds
130,404
74,773
For the year ending 31 January 2019 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 October 2019.
A MacKillop
Director
Company Registration No. SC296037
A-Mac Environmental Limited
Notes to the Accounts
for the year ended 31 January 2019
A-Mac Environmental Limited is a private company, limited by shares, registered in Scotland, registration number SC296037. The registered office is Unit 11b, Balmakeith Industrial Estate, Nairn, IV12 5QW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over the life of the lease
Plant & machinery
25% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
A-Mac Environmental Limited
Notes to the Accounts
for the year ended 31 January 2019
4
Tangible fixed assets
Total
At 1 February 2018
159,616
At 31 January 2019
157,402
Charge for the year
25,628
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
71,267
87,750
5
Operating lease commitments
2019
2018
At 31 January 2019 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
6
Average number of employees
During the year the average number of employees was 8 (2018: 8).
