McDonald Wood Construction Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04622628 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

McDonald Wood Construction Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M McDonald

SECRETARY:

M McDonald

REGISTERED OFFICE:

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

REGISTERED NUMBER:

04622628 (England and Wales)

ACCOUNTANTS:

Guthrie Accountancy Services Ltd

Unit 1

11 Eagle Parade

Buxton

Derbyshire

SK17 6EQ

FIXED ASSETS

Tangible assets

2

12,033

14,858

CURRENT ASSETS

Debtors

4,520

5,522

Cash at bank and in hand

32,892

38,609

37,412

44,131

CREDITORS

Amounts falling due within one year

26,786

24,076

NET CURRENT ASSETS

10,626

20,055

TOTAL ASSETS LESS CURRENT LIABILITIES

22,659

34,913

PROVISIONS FOR LIABILITIES

1,227

1,533

NET ASSETS

21,432

33,380

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

21,332

33,280

SHAREHOLDERS' FUNDS

21,432

33,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 3 September 2014 and were signed by:

M McDonald - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

72,132

Additions

576

At 31 December 2013

72,708

DEPRECIATION

At 1 January 2013

57,274

Charge for year

3,401

At 31 December 2013

60,675

NET BOOK VALUE

At 31 December 2013

12,033

At 31 December 2012

14,858

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY

The company is under the control of the director by virtue of his shareholding.