McCurry Developments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08178314 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 SEPTEMBER 2014 TO 31 MAY 2015

FOR

MCCURRY DEVELOPMENTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S D McCurry

REGISTERED OFFICE:

27 - 29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

08178314 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

2

1,479

1,820

CURRENT ASSETS

Stocks

157,522

110,821

Debtors

345

3,959

Cash at bank

1,201

7,268

159,068

122,048

CREDITORS

Amounts falling due within one year

171,366

129,783

NET CURRENT LIABILITIES

(12,298

)

(7,735

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,819

)

(5,915

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(10,820

)

(5,916

)

SHAREHOLDERS' FUNDS

(10,819

)

(5,915

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 11 May 2016 and were signed by:

S D McCurry - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had a working capital deficit of £12,298 by virtue of its current liabilities

exceeding its current assets. The director is confident that the going concern basis for the preparation of the

financial statements is appropriate and has reasonable expectation that it has adequate resources to continue in

operational existence for the foreseeable future.

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).

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 May 2015

1,985

DEPRECIATION

At 1 September 2014

165

Charge for period

341

At 31 May 2015

506

NET BOOK VALUE

At 31 May 2015

1,479

At 31 August 2014

1,820

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.8.14

value:

£

1

Ordinary

£1

1