John Mathieson (Footfitters) Limited - Abbreviated accounts 16.1
John Mathieson (Footfitters) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 January 2016 |
| for |
| John Mathieson (Footfitters) Limited |
| John Mathieson (Footfitters) Limited (Registered number: SC039970) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 January 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| John Mathieson (Footfitters) Limited |
| Company Information |
| for the Year Ended 31 January 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| John Mathieson (Footfitters) Limited (Registered number: SC039970) |
| Abbreviated Balance Sheet |
| 31 January 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| John Mathieson (Footfitters) Limited (Registered number: SC039970) |
| Abbreviated Balance Sheet - continued |
| 31 January 2016 |
| The financial statements were approved by the Board of Directors on behalf by: |
| John Mathieson (Footfitters) Limited (Registered number: SC039970) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 January 2016 |
| 1. | ACCOUNTING POLICIES |
| Preparation of consolidated financial statements |
| These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
| The financial statements contain information about John Mathieson (Footfitters) Limited as an |
| individual company and do not contain consolidated financial information as the parent of the group. |
| The company has taken the option under Section 398 of the Companies Act 2006 not to prepare |
| consolidated financial statements. |
| Turnover |
| Turnover represents rents receivable during the year from property letting and recharges to the |
| company's subsidiary for services provided. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment properties are shown at open market value with any aggregate surplus or deficit arising |
| from changes in the market value being transferred to a revaluation reserve. |
| Investment property is not depreciated. While this is in accordance with the Financial Reporting |
| Standard for Smaller Entities it does not comply with the requirements of the Companies Act 2006 that |
| all assets should be depreciated over their useful economic life. The directors consider that this |
| departure from the requirements of the Companies Act is required in order to give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Investments |
| Investments in subsidiary undertakings are stated at cost less a provision for any permanent |
| diminution in value. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| and 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| John Mathieson (Footfitters) Limited (Registered number: SC039970) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 January 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 February 2015 |
| and 31 January 2016 | 380,603 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1,809,997 | 1,848,001 |
| Profit for the year | 15,707 | 12,696 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2015 |
| Revaluations | ( |
) |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| A ordinary | £1 |
| B ordinary | £1 |
| 23,457 | 23,457 |
| John Mathieson (Footfitters) Limited (Registered number: SC039970) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 January 2016 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 January 2016 |
| and 31 January 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |