M D McFerran & Co Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04393514 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

M D McFerran & Co Limited

Trading as

M D McFerran & Co, Accountants

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Meadows

J Meadows

REGISTERED OFFICE:

Bennets Road North

Corley

Coventry

West Midlands

CV7 8BG

REGISTERED NUMBER:

04393514 (England and Wales)

ACCOUNTANTS:

M.D.McFerran & Co, Accountants

3 Millford Close

Hall Green

Birmingham

West Midlands

B28 0YL

FIXED ASSETS

Intangible assets

2

49,036

52,808

Tangible assets

3

40,406

19,828

89,442

72,636

CURRENT ASSETS

Debtors

14,350

20,673

Cash at bank and in hand

41,217

33,046

55,567

53,719

CREDITORS

Amounts falling due within one year

84,327

93,817

NET CURRENT LIABILITIES

(28,760

)

(40,098

)

TOTAL ASSETS LESS CURRENT LIABILITIES

60,682

32,538

CREDITORS

Amounts falling due after more than one year

(17,215

)

-

PROVISIONS FOR LIABILITIES

(1,258

)

(793

)

NET ASSETS

42,209

31,745

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

42,199

31,735

SHAREHOLDERS' FUNDS

42,209

31,745

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 16 November 2015 and were signed on its behalf by:

R J Meadows - 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.

Goodwill

Goodwill is being written off equally over the next fourteen years .This is considered to be appropriate to reflect

the current carrying value.

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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

56,000

AMORTISATION

At 1 September 2014

3,192

Amortisation for year

3,772

At 31 August 2015

6,964

NET BOOK VALUE

At 31 August 2015

49,036

At 31 August 2014

52,808

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

33,191

Additions

41,331

Disposals

(28,684

)

At 31 August 2015

45,838

DEPRECIATION

At 1 September 2014

13,363

Charge for year

4,073

Eliminated on disposal

(12,004

)

At 31 August 2015

5,432

NET BOOK VALUE

At 31 August 2015

40,406

At 31 August 2014

19,828

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

100

Ordinary Shares

£1

-

-

10

Ordinary

£1.00

10

10

10

10