McCormick Architecture Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05317902 (England and Wales)

McCormick Architecture Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P McCormick

S M McCormick

SECRETARY:

P McCormick

REGISTERED OFFICE:

The Moorings

Rowton Bridge Road

Christleton

Chester

Cheshire

CH3 7AE

REGISTERED NUMBER:

05317902 (England and Wales)

ACCOUNTANTS:

Henry R. Davis & Co. Limited

Chartered Accountants

33 Chester Road West

Queensferry

Deeside

Flintshire

CH5 1SA

FIXED ASSETS

Intangible assets

2

625,000

687,500

Tangible assets

3

13,998

7,137

638,998

694,637

CURRENT ASSETS

Stocks

2,550

4,450

Debtors

85,467

46,589

Cash at bank and in hand

34,286

48,350

122,303

99,389

CREDITORS

Amounts falling due within one year

342,608

225,835

NET CURRENT LIABILITIES

(220,305

)

(126,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

418,693

568,191

PROVISIONS FOR LIABILITIES

2,302

855

NET ASSETS

416,391

567,336

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

416,291

567,236

SHAREHOLDERS' FUNDS

416,391

567,336

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 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 10 December 2015 and were signed on its behalf by:

P McCormick - 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 2005, is being amortised evenly over its estimated useful life of twenty years.

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

-

25% on cost and 15% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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 April 2014

and 31 March 2015

1,250,000

AMORTISATION

At 1 April 2014

562,500

Amortisation for year

62,500

At 31 March 2015

625,000

NET BOOK VALUE

At 31 March 2015

625,000

At 31 March 2014

687,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

98,948

Additions

10,665

At 31 March 2015

109,613

DEPRECIATION

At 1 April 2014

91,811

Charge for year

3,804

At 31 March 2015

95,615

NET BOOK VALUE

At 31 March 2015

13,998

At 31 March 2014

7,137

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100