MacDonald Partnerships (Ayr) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC429239 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

MACDONALD PARTNERSHIPS (AYR) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R A C MacDonald

Mrs C M MacDonald

REGISTERED OFFICE:

AFM House

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

2,401

3,334

Cash at bank and in hand

179

6,041

2,580

9,375

CREDITORS

Amounts falling due within one year

(2,417

)

(9,178

)

NET CURRENT ASSETS

163

197

TOTAL ASSETS LESS CURRENT LIABILITIES

163

197

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

63

97

SHAREHOLDERS' FUNDS

163

197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 April 2015 and were signed on its behalf by:

Mr R A C MacDonald - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 are differences between the company's taxable profits and it's results as stated in the accounts.

Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the

timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted at the

balance sheet date. Deferred tax assets are only recognised where their recoverability in the short term is regarded as more

likely than not.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary £1.00

£1

100

100

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 July 2014 and the period ended

31 July 2013:

2014

2013

£

£

Mrs C M MacDonald

Balance outstanding at start of year

(3,327

)

-

Amounts advanced

12,662

5,000

Amounts repaid

(8,209

)

(8,327

)

Balance outstanding at end of year

1,126

(3,327

)

Mr R A C MacDonald

Balance outstanding at start of year

(3,327

)

-

Amounts advanced

12,662

5,000

Amounts repaid

(8,210

)

(8,327

)

Balance outstanding at end of year

1,125

(3,327

)