W.A. MacDonald (Building Design) Limited - Limited company - abbreviated - 11.9

W.A. MACDONALD (BUILDING DESIGN) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

W A MacDonald

REGISTERED OFFICE:

Dunedin

10 Ballifeary Lane

Inverness

IV3 5PQ

REGISTERED NUMBER:

SC269735 (Scotland)

ACCOUNTANTS:

MacKenzie Kerr Limited

Chartered Accountants

Redwood

19 Culduthel Road

Inverness

IV2 4AA

BANKERS:

Bank of Scotland

2-6 Eastgate

Inverness

IV2 3NA

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

11,188

14,189

11,188

14,189

CURRENT ASSETS

Debtors

13,723

11,828

Cash at bank

12,399

8,623

26,122

20,451

CREDITORS

Amounts falling due within one year

4

41,190

35,058

NET CURRENT LIABILITIES

(15,068

)

(14,607

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,880

)

(418

)

CREDITORS

Amounts falling due after more than one year

4

-

2,717

NET LIABILITIES

(3,880

)

(3,135

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(3,980

)

(3,235

)

SHAREHOLDERS' FUNDS

(3,880

)

(3,135

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 March 2016 and were signed by:

W A MacDonald - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company has net current liabilities of £15,068 and net liabilities of £3,880. However, the

director has agreed to subordinate his loan in favour of the other creditors and to make funds available to meet the

company's liabilities as they fall due and therefore consider the going concern basis of accounts preparation to be

appropriate.

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 arising from running an architectural design practice, excluding

value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2004, is being amortised evenly

over its estimated useful life of ten years.Goodwill was fully amortised in 2014.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

- 25% on reducing balance

Plant and machinery

- 20% on reducing balance

Fixtures and fittings

- 20% on reducing balance

Computer

- 331/3% straight line

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing

differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are

expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

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.

Government grants

Grants are credited to deferred revenue. Grants towards revenue expenditure are released to the profit and loss

account in the period to which the income relates.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

30,000

AMORTISATION

At 1 July 2014

and 30 June 2015

30,000

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

31,175

Additions

869

At 30 June 2015

32,044

DEPRECIATION

At 1 July 2014

16,986

Charge for year

3,870

At 30 June 2015

20,856

NET BOOK VALUE

At 30 June 2015

11,188

At 30 June 2014

14,189

4.

CREDITORS

Creditors include an amount of £ 2,717 (2014 - £ 5,434 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100