Olivia McLaren Ltd - Abbreviated accounts

Olivia McLaren Ltd - Abbreviated accounts


Registered number
SC483161
Olivia McLaren Ltd
Unaudited Abbreviated Accounts
31 December 2015
Bolland and Burke
Chartered Accountants
Olivia McLaren Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Olivia McLaren Ltd for the period ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Olivia McLaren Ltd for the period ended 31 December 2015 which comprise of 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 of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org/accountspreparationguidance
Our work has been undertaken in accordance with the guidance of ICAS as detailed at http://www.icas.org/accountspreparationguidance
Bolland & Burke
Chartered Accountants
2nd floor
11 Rutland Street
Edinburgh
EH1 2DQ
27 April 2016
Olivia McLaren Ltd
Registered number: SC483161
Abbreviated Balance Sheet
as at 31 December 2015
Notes 2015
£
Current assets
Stocks 6,152
Debtors 2,864
Cash at bank and in hand 11,996
21,012
Creditors: amounts falling due within one year (8,384)
Net current assets 12,628
Net assets 12,628
Capital and reserves
Profit and loss account 12,628
Shareholders' funds 12,628
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Olivia McLaren
Director
Approved by the board on 27 April 2016
Olivia McLaren Ltd
Notes to the Abbreviated Accounts
for the period ended 31 December 2015
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
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