Michael MacNeil Limited Filleted accounts for Companies House (small and micro)
Michael MacNeil Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC091184
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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--------- |
--------- |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
8 |
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--------- |
--------- |
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Net current assets |
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------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions |
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------------ |
------------ |
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Net assets |
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------------ |
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Capital and reserves
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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------------ |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
26 October 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
SC091184
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Notes to the Financial Statements |
Year ended 30 June 2021
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 12 Southview Road, Blanefield, Glasgow, G63 9JQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Investment property
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Tangible assets
Freehold property |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 July 2020 |
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Additions |
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– |
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--------- |
-------- |
---- |
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--------- |
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At 30 June 2021 |
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-------- |
---- |
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--------- |
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Depreciation |
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At 1 July 2020 |
– |
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Charge for the year |
– |
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– |
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--------- |
-------- |
---- |
--------- |
--------- |
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At 30 June 2021 |
– |
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-------- |
---- |
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Carrying amount |
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At 30 June 2021 |
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– |
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--------- |
-------- |
---- |
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At 30 June 2020 |
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– |
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---- |
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Included within the above is investment property as follows:
£ |
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At 1 July 2020 |
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Additions |
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At 30 June 2021 |
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6.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 July 2020 and 30 June 2021 |
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---- |
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Impairment |
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At 1 July 2020 and 30 June 2021 |
– |
---- |
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Carrying amount |
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At 30 June 2021 |
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---- |
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At 30 June 2020 |
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---- |
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7.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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-------- |
-------- |
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-------- |
-------- |
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8.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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-------- |
--------- |
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-------- |
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9.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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------- |
------- |
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10.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
2021 |
2020 |
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£ |
£ |
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Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss |
524,483 |
213,408 |
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11.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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2020 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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