McGregor Aerospace Consultancy Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09133223 (England and Wales)

MCGREGOR AEROSPACE CONSULTANCY LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD 16 JULY 2014 TO 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr N P McGregor

SECRETARY:

Mrs A M McGregor

REGISTERED OFFICE:

22 High Ridge

Matlock

Derbyshire

DE4 3HP

REGISTERED NUMBER:

09133223 (England and Wales)

ACCOUNTANTS:

The Rees Partnership

Bentley Bridge House

Chesterfield Road

Matlock

Derbyshire

DE4 5LE

FIXED ASSETS

Tangible assets

2

935

CURRENT ASSETS

Debtors

2,088

Cash at bank

11,150

13,238

CREDITORS

Amounts falling due within one year

(7,941

)

NET CURRENT ASSETS

5,297

TOTAL ASSETS LESS CURRENT LIABILITIES

6,232

PROVISIONS FOR LIABILITIES

(187

)

NET ASSETS

6,045

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

5,945

SHAREHOLDERS' FUNDS

6,045

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 March 2016 and were signed by:

Mr N P McGregor - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The director considers that

there are no material uncertainties which may cast significant doubt about the ability of the company to

continue as a going concern.

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 services, 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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Full provision is made for deferred taxation resulting from timing differences between the recognition of

gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is

calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when

the timing differences will reverse.

Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the

company has entered into a binding agreement to sell the assets and recognised the gains and losses

expected to arise on sale. Deferred tax is also not recognised where assets have been sold and it is

expected that the taxable gain will be rolled over into a replacement asset.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

997

At 31 July 2015

997

DEPRECIATION

Charge for period

62

At 31 July 2015

62

NET BOOK VALUE

At 31 July 2015

935

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .