Shane Maclennan Plant Contractors Limite - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC462470 (Scotland)

Abbreviated Unaudited Accounts

for the Period 6 January 2014 to 31 March 2015

for

Shane Maclennan Plant Contractors

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Maclennan

Mrs A Maclennan

REGISTERED OFFICE:

Ros - na - ree

Old Edinburgh Road South

Inverness

Highland

IV2 6AR

REGISTERED NUMBER:

SC462470 (Scotland)

ACCOUNTANTS:

Cargil Consultancy Limited

Ros - na - ree

Old Edinburgh Road South

Inverness

Highland

IV2 6AR

FIXED ASSETS

Intangible assets

2

105,000

Tangible assets

3

281,070

386,070

CURRENT ASSETS

Debtors

105,643

Cash at bank

17,996

123,639

CREDITORS

Amounts falling due within one year

(301,218

)

NET CURRENT LIABILITIES

(177,579

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,491

CREDITORS

Amounts falling due after more than one year

(110,506

)

NET ASSETS

97,985

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

97,885

SHAREHOLDERS' FUNDS

97,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 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 14 July 2015 and were signed on its behalf by:

Mr S Maclennan - Director

Mrs A Maclennan - 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 goods, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual

interest in the assets of the company after deducting all of its liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

120,000

At 31 March 2015

120,000

AMORTISATION

Amortisation for period

15,000

At 31 March 2015

15,000

NET BOOK VALUE

At 31 March 2015

105,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

402,215

Disposals

(12,500

)

At 31 March 2015

389,715

DEPRECIATION

Charge for period

108,645

At 31 March 2015

108,645

NET BOOK VALUE

At 31 March 2015

281,070

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100