William C. McMillan (Stranraer) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC072329 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

William C. McMillan (Stranraer) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R McMillan

D McMillan

SECRETARY:

R McMillan

REGISTERED OFFICE:

Blackparks Industrial Estate

Commerce Road

Stranraer

Wigtownshire

DG9 7DD

REGISTERED NUMBER:

SC072329 (Scotland)

ACCOUNTANTS:

The Hansen Company

The Old Forge

28 Field Road

Busby

Glasgow

G76 8SE

FIXED ASSETS

Tangible assets

2

197,442

199,922

CURRENT ASSETS

Debtors

142

-

CREDITORS

Amounts falling due within one year

64,763

73,081

NET CURRENT LIABILITIES

(64,621

)

(73,081

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

132,821

126,841

CAPITAL AND RESERVES

Called up share capital

3

70,250

Profit and loss account

62,571

56,591

SHAREHOLDERS' FUNDS

132,821

126,841

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 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 31 October 2016 and were signed on its behalf by:

R McMillan - 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 goods, 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.

Freehold property

-

1% on Cost

Fixtures and fittings

-

15% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

262,489

DEPRECIATION

At 1 February 2015

62,567

Charge for year

2,480

At 31 January 2016

65,047

NET BOOK VALUE

At 31 January 2016

197,442

At 31 January 2015

199,922

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

70,250

Ordinary

£1

70,250

4.

CONTROL

The company was under the control of the directors throughout the year.