Maintenance Controls & Engineering Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC301422 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Maintenance Controls & Engineering

(Scotland) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Smith

A Espie

SECRETARIES:

T Smith

A Espie

REGISTERED OFFICE:

Unit B8

Whitecrook Business Centre

Whitecrook Street

Clydebank

Glasgow

G81 1QF

REGISTERED NUMBER:

SC301422 (Scotland)

ACCOUNTANTS:

Gordon Ferguson Consulting Ltd

Upper Floor

Comac House

2 Coddington Crescent

Eurocentral

Lanarkshire

ML1 4YF

FIXED ASSETS

Tangible assets

2

297,667

154,923

CURRENT ASSETS

Stocks

292,001

437,809

Debtors

1,091,864

1,352,065

Cash at bank and in hand

880,388

716,780

2,264,253

2,506,654

CREDITORS

Amounts falling due within one year

676,547

914,890

NET CURRENT ASSETS

1,587,706

1,591,764

TOTAL ASSETS LESS CURRENT LIABILITIES

1,885,373

1,746,687

CREDITORS

Amounts falling due after more than one year

(106,934

)

-

PROVISIONS FOR LIABILITIES

(29,369

)

(15,703

)

NET ASSETS

1,749,070

1,730,984

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

1,748,070

1,729,984

SHAREHOLDERS' FUNDS

1,749,070

1,730,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 January 2016 and were signed on its behalf by:

A Espie - 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.

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.

Plant and machinery etc

-

25% on reducing balance

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

383,477

Additions

259,324

Disposals

(188,240

)

At 30 April 2015

454,561

DEPRECIATION

At 1 May 2014

228,554

Charge for year

69,334

Eliminated on disposal

(140,994

)

At 30 April 2015

156,894

NET BOOK VALUE

At 30 April 2015

297,667

At 30 April 2014

154,923

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2015 and

30 April 2014:

30.4.15

30.4.14

£

£

T Smith

Balance outstanding at start of year

286,000

286,000

Amounts repaid

(36,000

)

-

Balance outstanding at end of year

250,000

286,000

A Espie

Balance outstanding at start of year

286,000

286,000

Amounts repaid

(36,000

)

-

Balance outstanding at end of year

250,000

286,000

These loans attract interest at 4% and have no fixed terms of repayment.