McLaren Engineering Limited - Limited company - abbreviated

REGISTERED NUMBER: SC324007 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

MCLAREN ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

N D McLaren

SECRETARY:

Mrs M B Y McLaren

REGISTERED OFFICE:

55 Arisdale Crescent

Newton Mearns

GLASGOW

G77 6HB

REGISTERED NUMBER:

SC324007 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon Accord Square

ABERDEEN

AB11 6YL

FIXED ASSETS

Tangible assets

2

60

90

CURRENT ASSETS

Debtors

859

Cash at bank

2,317

2,384

3,176

3,243

CREDITORS

Amounts falling due within one year

5,655

5,202

NET CURRENT LIABILITIES

(2,479

)

(1,959

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,419

)

(1,869

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(2,420

)

(1,870

)

SHAREHOLDERS' FUNDS

(2,419

)

(1,869

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 director on 20 August 2015 and were signed by:

N D McLaren - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company meets its day to day working capital requirements through a director's loan account. The director has

confirmed he intends to continue to provide support from his own resources for a period of at least twelve months

from the date of signing the accounts. The director therefore believes that the company is a going concern and

consequently the financial statements have been prepared on the going concern basis.

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).

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,468

DEPRECIATION

At 1 April 2014

1,378

Charge for year

30

At 31 March 2015

1,408

NET BOOK VALUE

At 31 March 2015

60

At 31 March 2014

90

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) 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 McLaren Engineering Limited for the year ended 31 March 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 director of McLaren Engineering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of McLaren Engineering Limited and state those matters that we have agreed to state to the director of McLaren Engineering Limited 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 director for our work or for this report.

It is your duty to ensure that McLaren Engineering 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 loss of McLaren Engineering Limited. You consider that McLaren Engineering 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 McLaren Engineering 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.