M T S Residential (Scotland) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC235216 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

M T S RESIDENTIAL (SCOTLAND) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J M Scott

SECRETARY:

J M Scott

REGISTERED OFFICE:

29 Brandon Street

Hamilton

Lanarkshire

ML3 6DA

REGISTERED NUMBER:

SC235216 (Scotland)

ACCOUNTANTS:

Sharles CA

29 Brandon Street

Hamilton

South Lanarkshire

ML3 6DA

BANKERS:

Bank of Scotland

9 Brandon Street

Hamilton

ML3 6BZ

CURRENT ASSETS

Debtors

278,676

273,354

Cash at bank

492

6,800

279,168

280,154

CREDITORS

Amounts falling due within one year

49,807

49,507

NET CURRENT ASSETS

229,361

230,647

TOTAL ASSETS LESS CURRENT
LIABILITIES

229,361

230,647

CAPITAL AND RESERVES

Called up share capital

3

2

Capital redemption reserve

1

Profit and loss account

229,358

230,644

SHAREHOLDERS' FUNDS

229,361

230,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 June 2016 and were signed by:

J M Scott - 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 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 etc

-

25% on cost

Deferred tax

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

reversed at the balance sheet date. A deferred tax asset is only recognised to the extent that future taxable profits

are expected to reverse the underlying timing difference.

Deferred tax balances are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

1,753

DEPRECIATION

At 1 November 2014

and 31 October 2015

1,753

NET BOOK VALUE

At 31 October 2015

-

At 31 October 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2