P F McCaig Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC256870 (Scotland)

Abbreviated Unaudited Accounts

for the Period 1 April 2015 to 30 April 2016

for

P F McCaig Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Philip McCaig

Mr Michael McCaig

SECRETARY:

Mrs Fiona McCaig

REGISTERED OFFICE:

25 Sandyford Place

Glasgow

G3 7NG

REGISTERED NUMBER:

SC256870 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

2

785

1,082

CURRENT ASSETS

Debtors

9,559

16,808

Cash at bank

38,648

20,125

48,207

36,933

CREDITORS

Amounts falling due within one year

48,086

24,758

NET CURRENT ASSETS

121

12,175

TOTAL ASSETS LESS CURRENT LIABILITIES

906

13,257

PROVISIONS FOR LIABILITIES

157

217

NET ASSETS

749

13,040

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

649

12,940

SHAREHOLDERS' FUNDS

749

13,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 11 November 2016 and were signed on its behalf by:

Mr Philip McCaig - 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, 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.

Fittings and equipment

-

33.33% on cost

Computer equipment

-

33.33% 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

Total

£

COST

At 1 April 2015

2,734

Additions

450

At 30 April 2016

3,184

DEPRECIATION

At 1 April 2015

1,652

Charge for period

747

At 30 April 2016

2,399

NET BOOK VALUE

At 30 April 2016

785

At 31 March 2015

1,082

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100