Stewart Miller McCulloch (Holdings) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06432216 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

STEWART MILLER MCCULLOCH (HOLDINGS) LTD

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

P James

Mrs T S L James

Mrs C E Maybury

SECRETARY:

P James

REGISTERED OFFICE:

768 Hagley Road West

Oldbury

West Midlands

B68 0PJ

REGISTERED NUMBER:

06432216 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Stewart Miller McCulloch (Holdings) Ltd for the year ended 31 July 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Stewart Miller McCulloch (Holdings) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stewart Miller McCulloch (Holdings) Ltd and state those matters that we have agreed to state to the Board of Directors of Stewart Miller McCulloch (Holdings) Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stewart Miller McCulloch (Holdings) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stewart Miller McCulloch (Holdings) Ltd. You consider that Stewart Miller McCulloch (Holdings) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stewart Miller McCulloch (Holdings) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

E R Grove & Co Limited

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

25 April 2016

FIXED ASSETS

Intangible assets

2

-

Investments

3

96,000

CURRENT ASSETS

Debtors

474,304

-

CREDITORS

Amounts falling due within one year

85,152

-

NET CURRENT ASSETS

389,152

-

TOTAL ASSETS LESS CURRENT
LIABILITIES

485,152

96,000

CREDITORS

Amounts falling due after more than one
year

4

389,152

-

NET ASSETS

96,000

CAPITAL AND RESERVES

Called up share capital

5

96,000

SHAREHOLDERS' FUNDS

96,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 April 2016 and were signed on its behalf by:

P James - 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 January 2015).

Turnover

Turnover represents management charges for the period.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

213,840

AMORTISATION

At 1 August 2014

and 31 July 2015

213,840

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2014

and 31 July 2015

96,000

NET BOOK VALUE

At 31 July 2015

96,000

At 31 July 2014

96,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Stewart Miller McCulloch & Co Ltd

Nature of business: Insurance broker

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

346,898

241,202

Profit for the year

105,696

2,258

Peter D James Ltd

Nature of business: Insurance broker

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

245,169

223,283

Profit for the year

21,886

2,317

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

69,036

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

96,000

Ordinary

1

96,000

6.	ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking at the balance sheet date was Maybury James Limited, a company

incorporated in England. A copy of the ultimate parent undertaking's financial statements may be obtained from

its registered office at Hagley Road West, Oldbury, West Midlands, B68 0PJ.