McAuley (Aberdeen) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC331465 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

McAuley (Aberdeen) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

M McAuley

REGISTERED OFFICE:

14 Cheyne Road

ABERDEEN

AB24 1UA

REGISTERED NUMBER:

SC331465 (Scotland)

ACCOUNTANTS:

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

FIXED ASSETS

Tangible assets

4

36,963

37,945

CURRENT ASSETS

Stocks

6,633

6,162

Debtors

5

159,608

151,521

Cash at bank and in hand

111,449

132,613

277,690

290,296

CREDITORS

Amounts falling due within one year

6

(104,335

)

(138,501

)

NET CURRENT ASSETS

173,355

151,795

TOTAL ASSETS LESS CURRENT LIABILITIES

210,318

189,740

CREDITORS

Amounts falling due after more than one year

7

(2,555

)

(4,599

)

PROVISIONS FOR LIABILITIES

(7,023

)

-

NET ASSETS

200,740

185,141

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

200,739

185,140

SHAREHOLDERS' FUNDS

200,740

185,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 January 2020 and were signed by:

M McAuley - Director

1.	STATUTORY INFORMATION

McAuley (Aberdeen) Ltd 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 represents amounts receivable for goods sold and services rendered

during the year, exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a

straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions

payable to the company's pension scheme are charged to profit or loss in

the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2018 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2018

30,028

6,264

9,917

4,820

51,029

Additions

5,475

-

-

904

6,379

At 30 September 2019

35,503

6,264

9,917

5,724

57,408

DEPRECIATION

At 1 October 2018

6,802

558

4,339

1,385

13,084

Charge for year

3,489

865

1,394

1,613

7,361

At 30 September 2019

10,291

1,423

5,733

2,998

20,445

NET BOOK VALUE

At 30 September 2019

25,212

4,841

4,184

2,726

36,963

At 30 September 2018

23,226

5,706

5,578

3,435

37,945

5.

DEBTORS

30.9.19

30.9.18

£

£

Amounts falling due within one year:

Trade debtors

491

779

Director's loan account

26,060

-

Prepayments

1,890

1,786

28,441

2,565

Amounts falling due after more than one year:

Loan - The Pier

1,505

82,633

Loan - Bridge House Café

75,863

66,323

Loan - Cafe Ahoy

53,799

-

131,167

148,956

Aggregate amounts

159,608

151,521

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Hire purchase contracts (see note 8)

2,044

2,044

Trade creditors

24,445

33,010

Tax

14,136

21,168

PAYE

4,034

2,916

VAT

30,408

27,613

Director's loan account

-

26,416

Accrued expenses

29,268

25,334

104,335

138,501

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Hire purchase contracts (see note 8)

2,555

4,599

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.19

30.9.18

£

£

Net obligations repayable:

Within one year

2,044

2,044

Between one and five years

2,555

4,599

4,599

6,643

Non-cancellable

operating leases

30.9.19

30.9.18

£

£

Within one year

45,000

45,000

Between one and five years

45,000

90,000

90,000

135,000

9.	OTHER FINANCIAL COMMITMENTS

Operating/finance leases

The company had operating/finance lease commitments contracted but not

provided for of £90,000.

Secured debt

The company had net obligations under hire purchase contracts totalling

£4,599 (2018: £6643) which are secured over the assets concerned.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years

ended 30 September 2019 and 30 September 2018:

30.9.19

30.9.18

£

£

M McAuley

Balance outstanding at start of year

-

-

Amounts advanced

26,060

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,060

-

Advances and repayments during the year have been summarised. The above

loan is unsecured, interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £36,500 were paid to the director .

12.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in

respect of the company's annual unaudited financial statements. In accordance

with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the

Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2019 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body,

in accordance with the terms of our engagement. Our work has been undertaken

solely to prepare for your approval the financial statements of the company and

state those matters that we have agreed to state to the Board of Directors of

the company, as a body, in this report in accordance with the requirements of

the Institute of Financial Accountants. To the fullest extent permitted by law,

we do not accept or assume responsibility to anyone other than the company and

its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records

and to prepare statutory accounts that give a true and fair view of the assets,

liabilities and financial position of the company. You consider that the company

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial

statements of the company. For this reason, we have not verified the accuracy or

completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Atholl Scott

Victoria House

13 Victoria Street

ABERDEEN

AB10 1XB

16 January 2020