Abbreviated Company Accounts - ASHTON MCGILL LIMITED

ASHTON MCGILL LIMITED - Company Information

SC434979 ASHTON MCGILL LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true SC434979 2015-01-01 2015-12-31 SC434979 2015-12-31 SC434979 2014-12-31 SC434979 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 SC434979 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number SC434979

ASHTON MCGILL LIMITED

Abbreviated Accounts

31 December 2015

ASHTON MCGILL LIMITED Registered Number SC434979

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,834	1,062
		1,834	1,062
Current assets
Debtors		8,835	9,158
Cash at bank and in hand		2,741	3,214
		11,576	12,372
Creditors: amounts falling due within one year		(16,553)	(10,711)
Net current assets (liabilities)		(4,977)	1,661
Total assets less current liabilities		(3,143)	2,723
Provisions for liabilities		(367)	(212)
Total net assets (liabilities)		(3,510)	2,511
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(3,512)	2,509
Shareholders' funds		(3,510)	2,511

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 September 2016

And signed on their behalf by:
Mr Alasdair McGill, Director

ASHTON MCGILL LIMITED Registered Number SC434979

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment - 33% straight line
Fixtures & Fittings - 33% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2015	3,186
Additions	2,825
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	6,011
Depreciation
At 1 January 2015	2,124
Charge for the year	2,053
On disposals	-
At 31 December 2015	4,177
Net book values
At 31 December 2015	1,834
At 31 December 2014	1,062

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	Mr Alasdair McGill
Description of the transaction:	Directors' advances and credits
Balance at 1 January 2015:	£ 2,876
Advances or credits made:	-
Advances or credits repaid:	£ 532
Balance at 31 December 2015:	£ 2,344

The Director's advance was repaid within 9 months of the year end.