John Mathieson (Footfitters) Limited - Limited company - abbreviated - 11.6
John Mathieson (Footfitters) Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2015 |
| FOR |
| JOHN MATHIESON (FOOTFITTERS) LIMITED |
| JOHN MATHIESON (FOOTFITTERS) LIMITED (REGISTERED NUMBER: SC039970) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 January 2015 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 6 |
| JOHN MATHIESON (FOOTFITTERS) LIMITED (REGISTERED NUMBER: SC039970) |
| ABBREVIATED BALANCE SHEET |
| 31 January 2015 |
| 31.1.15 | 31.1.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Other reserves |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| JOHN MATHIESON (FOOTFITTERS) LIMITED (REGISTERED NUMBER: SC039970) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 January 2015 |
| The financial statements were approved by the Board of Directors on |
| JOHN MATHIESON (FOOTFITTERS) LIMITED (REGISTERED NUMBER: SC039970) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 January 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about John Mathieson (Footfitters) Limited as an individual |
| company and do not contain consolidated financial information as the parent of a group. The company has taken |
| the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents rents receivable during the year from property letting and recharges to the company's |
| subsidiary for services provided. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) investment |
| property is revalued to its open market value at each balance sheet date, with any surplus or deficit on |
| revaluation being transferred to a revaluation reserve in the first instance. The directors consider that the |
| valuation at July 2009 continues to be appropriate. |
| Investment properties are not depreciated, which is in accordance with the Financial Reporting Standard for |
| Smaller Entities (effective April 2008). Compliance with the FRSSE is a departure from the Companies Act |
| 2006 necessary to give a true and fair view. |
| Fixed asset investment |
| Fixed asset investments are stated at cost less provision for any permanent diminution in value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2014 |
| and 31 January 2015 |
| DEPRECIATION |
| At 1 February 2014 |
| Charge for year |
| At 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| JOHN MATHIESON (FOOTFITTERS) LIMITED (REGISTERED NUMBER: SC039970) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 January 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 February 2014 |
| and 31 January 2015 | 380,603 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1,848,020 | 1,835,305 |
| Profit for the year | 12,715 | 3,568 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2014 |
| and 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.15 | 31.1.14 |
| value: | £ | £ |
| A | £1 |
| B | £1 |
| 23,457 | 23,457 |
| JOHN MATHIESON (FOOTFITTERS) LIMITED (REGISTERED NUMBER: SC039970) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 January 2015 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 January 2015 and |
| 31 January 2014: |
| 31.1.15 | 31.1.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Included in "Other debtors" is an amount of £2,847 (2014: £2,911Cr) due from A Mathieson. No fixed interest |
| rates apply. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| JOHN MATHIESON (FOOTFITTERS) LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages one to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of John Mathieson (Footfitters) Limited for the year ended 31 January 2015 which comprise the |
| Profit and Loss Account, the Balance Sheet, and the related notes from the company's 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.org.uk/accountspreparationguidance. |
| This report is made solely to the Board of Directors of John Mathieson (Footfitters) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Mathieson (Footfitters) Limited and state those matters that we have agreed to state to the Board of Directors of John Mathieson (Footfitters) Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. 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 John Mathieson (Footfitters) 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 of John Mathieson (Footfitters) Limited. You consider that John Mathieson (Footfitters) Limited 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 John Mathieson (Footfitters) |
| Limited. 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. |
| Chartered Accountants |
| Date: ............................................. |