McDonald Ingram Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04140145 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2013

FOR

MCDONALD INGRAM LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mark M Ingram

Jonathan G Reed

SECRETARY:

Mark M Ingram

REGISTERED OFFICE:

15 Woodridings Avenue

Pinner

Middlesex

HA5 4NQ

REGISTERED NUMBER:

04140145 (England and Wales)

ACCOUNTANTS:

Benten & Co

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of McDonald Ingram Limited for the year ended 31 December 2013 which

comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its

ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of McDonald Ingram Limited, as a body, in accordance

with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of McDonald Ingram Limited and state those matters that we have agreed to state to the

Board of Directors of McDonald Ingram Limited, as a body, in this report in accordance with the

requirements of the Association of Chartered Certified Accountants as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for

this report.

It is your duty to ensure that McDonald Ingram Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and

loss of McDonald Ingram Limited. You consider that McDonald Ingram Limited is exempt from the

statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of McDonald

Ingram Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion

on the statutory financial statements.

Benten & Co

Chartered Certified Accountants

Abbey House

51 High Street

Saffron Walden

Essex

CB10 1AF

30 September 2014

FIXED ASSETS

Tangible assets

2

240

480

CURRENT ASSETS

Debtors

18,828

26,800

Cash at bank

162

34,656

18,990

61,456

CREDITORS

Amounts falling due within one year

3

25,303

32,581

NET CURRENT (LIABILITIES)/ASSETS

(6,313

)

28,875

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,073

)

29,355

CREDITORS

Amounts falling due after more than one year

3

-

3,418

NET (LIABILITIES)/ASSETS

(6,073

)

25,937

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(7,073

)

24,937

SHAREHOLDERS' FUNDS

(6,073

)

25,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 30 September 2014 and were signed on its behalf by:

Mark M Ingram - 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 April 2008).

Turnover

Turnover comprises the value of services supplied by the company, net of 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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Deferred tax

No provision has been made for deferred taxation as no timing differences are expected between the

recognition of gains and losses in the financial statements and their recognition for corporation tax

purposes.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

3,248

DEPRECIATION

At 1 January 2013

2,768

Charge for year

240

At 31 December 2013

3,008

NET BOOK VALUE

At 31 December 2013

240

At 31 December 2012

480

3.

CREDITORS

Creditors include an amount of £ 3,344 (2012 - £ 6,811 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	RELATED PARTY DISCLOSURES

6.	ULTIMATE CONTROLLING PARTY

7.	GOING CONCERN

The financial statements have been prepared on a going concern basis. In the opinion of the directors

this is appropriate because they have undertaken to continue to support the company. The directors'

current accounts are interest free and unsecured, and the directors will not withdraw these funds in the

forthcoming year. The company is also dependent on the continued support of the bank. The

directors have undertaken to introduce further funds if the need arises.

The directors expect, therefore, that the company will be able to meet its liabilities as they fall due.

If the company was unable to continue trading, adjustments would have to be made to reduce the

value of the assets to their recoverable amount, to provide for any further liabilities which might arise,

and to reclassify fixed assets and long-term liabilities as current assets and liabilities.