PAUL_MCGOWAN_HOLDINGS_LIM - Accounts

PAUL MCGOWAN HOLDINGS LIMITED - Company Information

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Company Registration No. 06448875 (England and Wales)

PAUL MCGOWAN HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

PAUL MCGOWAN HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

PAUL MCGOWAN HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,026,530

1,002,410

Investments

10,099

9,999

1,036,629

1,012,409

Current assets

Debtors

1,137,309

297,353

Cash at bank and in hand

192

236

1,137,501

297,589

Creditors: amounts falling due within one year

(556,743)

(263,064)

Net current assets

580,758

34,525

Total assets less current liabilities

1,617,387

1,046,934

Creditors: amounts falling due after more than one year

(58,104)

(75,254)

1,559,283

971,680

Capital and reserves

Called up share capital

10,100

10,000

Profit and loss account

1,549,183

961,680

Shareholders' funds

1,559,283

971,680

PAUL MCGOWAN HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2015

- 2 -

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 February 2016

Mr P B McGowan

Director

Company Registration No. 06448875

PAUL MCGOWAN HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

No depreciation charged

Plant and machinery

20% Reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

PAUL MCGOWAN HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2014

1,388,654

9,999

1,398,653

Additions

303,468

100

303,568

Disposals

(184,955)

At 30 June 2015

1,507,167

10,099

1,517,266

Depreciation

At 1 July 2014

386,244

On disposals

(75,608)

Charge for the year

170,001

At 30 June 2015

480,637

Net book value

At 30 June 2015

1,026,530

10,099

1,036,629

At 30 June 2014

1,002,410

9,999

1,012,409

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Paul McGowan Grab Hire Limited

England

Ordinary

100.00

Parkway Recycling Limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Paul McGowan Grab Hire Limited

Hire of plant to the construction industry

2,383,342

1,507,810

Parkway Recycling Limited

Recycling waste products

242,433

242,333

PAUL MCGOWAN HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 5 -

Share capital

2015

2014

Allotted, called up and fully paid

10,100 Ordinary Shares of £1 each

10,100

10,000