Mowmaster Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC470299 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MOWMASTER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M O White

SECRETARY:

Mrs D White

REGISTERED OFFICE:

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

REGISTERED NUMBER:

SC470299 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

FIXED ASSETS

Tangible assets

2

16,300

20,410

CURRENT ASSETS

Debtors

7,591

12,290

Cash at bank

27,146

3,542

34,737

15,832

CREDITORS

Amounts falling due within one year

(49,598

)

(35,648

)

NET CURRENT LIABILITIES

(14,861

)

(19,816

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,439

594

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,339

494

SHAREHOLDERS' FUNDS

1,439

594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 26 July 2016 and were signed by:

Mr M O White - 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 services and amounts receivable under service contracts, 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

Motor vehicles

-

20% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

21,199

DEPRECIATION

At 1 April 2015

789

Charge for year

4,110

At 31 March 2016

4,899

NET BOOK VALUE

At 31 March 2016

16,300

At 31 March 2015

20,410

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Details of directors loan account transactions and the year end balance are as follows:

2016

2015

£

Mr M White:

Amount due to directors at start

13,650

-

Received from directors during year

14,850

13,750

Issued share capital

-

(100

)

Amount due (from)/to directors at 31st March 2016

28,500

13,650

The loan is interest free and there are no fixed terms of repayment.