Abbreviated Company Accounts - MACLEOD ROOFING LIMITED

MACLEOD ROOFING LIMITED - Company Information

Registered Number SC204501

MACLEOD ROOFING LIMITED

Abbreviated Accounts

31 March 2015

MACLEOD ROOFING LIMITED Registered Number SC204501

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	265,970	288,478
		265,970	288,478
Current assets
Stocks		38,655	40,341
Debtors		548,457	342,637
Cash at bank and in hand		101,610	121,001
		688,722	503,979
Creditors: amounts falling due within one year		(438,247)	(333,433)
Net current assets (liabilities)		250,475	170,546
Total assets less current liabilities		516,445	459,024
Creditors: amounts falling due after more than one year		(41,373)	(35,661)
Provisions for liabilities		(16,060)	(14,454)
Total net assets (liabilities)		459,012	408,909
Capital and reserves
Called up share capital		100	100
Revaluation reserve		108,110	108,110
Profit and loss account		350,802	300,699
Shareholders' funds		459,012	408,909

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 November 2015

And signed on their behalf by:
Alexander Macleod, Director

MACLEOD ROOFING LIMITED Registered Number SC204501

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight line over 50 years from the date of revaluation
Other tangible assets - 20%-25% per annum on a reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 April 2014	518,809
Additions	42,378
Disposals	(63,290)
Revaluations	-
Transfers	-
At 31 March 2015	497,897
Depreciation
At 1 April 2014	230,331
Charge for the year	46,242
On disposals	(44,646)
At 31 March 2015	231,927
Net book values
At 31 March 2015	265,970
At 31 March 2014	288,478