V.p. Mitchell Quality Services Ltd. - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: SC229050 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2016

for

V.p. Mitchell Quality Services Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

V P Mitchell

SECRETARY:

Mrs L Mitchell

REGISTERED OFFICE:

16 Wallacebrae Place

Danestone

Aberdeen

AB22 8YP

REGISTERED NUMBER:

SC229050 (Scotland)

ACCOUNTANTS:

Carnegie Knox (Scotland) Limited

R & A House Woodburn Road

Blackburn

Aberdeen

Aberdeenshire

AB21 0PS

CURRENT ASSETS

Debtors

3

4,406

4,406

Cash at bank

575

1,334

4,981

5,740

CREDITORS

Amounts falling due within one year

4

12,818

10,214

NET CURRENT LIABILITIES

(7,837

)

(4,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,837

)

(4,474

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

6

(7,839

)

(4,476

)

SHAREHOLDERS' FUNDS

(7,837

)

(4,474

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 October 2016 and were signed by:

V P Mitchell - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 February 2015

and 31 January 2016

12,129

DEPRECIATION

At 1 February 2015

and 31 January 2016

12,129

NET BOOK VALUE

At 31 January 2016

-

At 31 January 2015

-

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.16

31.1.15

£

£

Other debtors

4,406

4,406

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.16

31.1.15

£

£

Directors' current accounts

12,517

9,817

Accrued expenses

301

397

12,818

10,214

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

2

Ordinary

£1

2

2

6.

RESERVES

Profit

and loss

account

£

At 1 February 2015

(4,476

)

Deficit for the year

(3,363

)

At 31 January 2016

(7,839

)

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2016 and

31 January 2015:

31.1.16

31.1.15

£

£

V P Mitchell

Balance outstanding at start of year

(9,817

)

(9,817

)

Amounts repaid

(2,700

)

-

Balance outstanding at end of year

(12,517

)

(9,817

)

8.	RELATED PARTY DISCLOSURES

During the year V P Mitchell had a brought forward balance owing from the company of £9,817 (2015) and paid

£2,700 leaving a balance owing from the company of £12,517.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are V Mitchell and L Mitchell by virtue of owning 50% each of the issued share

capital.