Murray Buchanan Limited

MURRAY BUCHANAN LIMITED - Company Information

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Registered number: SC469516

Abbreviated accounts

For The Year Ended 31 March 2016

Murray Buchanan Limited

Company No. SC469516

Abbreviated Balance Sheet 31 March 2016

Abbreviated Balance Sheet

		2016
	Notes	£	£
FIXED ASSETS
Tangible Assets	2		2,161

			2,161
CURRENT ASSETS
Debtors		290
Cash at bank and in hand		733

		1,023
Creditors: Amounts Falling Due Within One Year		(12,142 )

NET CURRENT ASSETS (LIABILITIES)			(11,119 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,958 )

NET ASSETS			(8,958 )

CAPITAL AND RESERVES
Called up share capital	3		100
Profit and Loss Account			(9,058 )

SHAREHOLDERS' FUNDS			(8,958 )

For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Murray Buchanan

15/12/2016

Murray Buchanan Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 March 2016

Notes to the Abbreviated Accounts

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Going Concern Disclosure

At the balance sheet date the company had net liabilities of £9,418 (2015 net assets : £1,978) and made a loss of £11,396 (2015:Profit £27,878) in the year. The company was due £11,017 (2015: £26,183) from its shareholder. The company is therefore dependant on its shareholder to provide financial support and allow it to meet its obligations as they fall due. The director is confident of this financial support continuing for the foreseeable future and, as a result, believe that the going concern assumption remains valid. Accordingly, the accounts are prepared on a going concern basis and do not include any adjustment that would arise should this support be withdrawn.

1.3. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2. Tangible Assets


	Total
Cost	£
As at 1 April 2015	2,277
Additions	1,418

As at 31 March 2016	3,695

Depreciation
As at 1 April 2015	610
Provided during the period	924

As at 31 March 2016	1,534

Net Book Value
As at 31 March 2016	2,161

As at 1 April 2015	1,667

3. Share Capital

	Value	Number	2016
Allotted, called up and fully paid	£		£
Ordinary shares	1.00	100	100

4. Ultimate Controlling Party

The company's ultimate controlling party is Murray Buchanan by virtue of his ownership of 100% of the issued share capital in the company.

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