MCPI Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC125045 (Scotland)

Abbreviated Accounts for the Year Ended 31 May 2016

for

MCPI Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C Chan

Mrs. M Chan

REGISTERED OFFICE:

4 Whinfield Avenue,

Prestwick,

Ayrshire

G77 6NT

REGISTERED NUMBER:

SC125045 (Scotland)

ACCOUNTANTS:

Colin Emery and Co. , Chartered Accountants

2 Comorach House,

Pollok Castle Estate,

Newton Mearns,

Glasgow

G77 6NT

FIXED ASSETS

Tangible assets

2

272,323

266,472

CURRENT ASSETS

Cash at bank

11,378

11,480

CREDITORS

Amounts falling due within one year

9,413

7,250

NET CURRENT ASSETS

1,965

4,230

TOTAL ASSETS LESS CURRENT LIABILITIES

274,288

270,702

CREDITORS

Amounts falling due after more than one year

3

(97,838

)

(97,838

)

ACCRUALS AND DEFERRED INCOME

(800

)

(750

)

NET ASSETS

175,650

172,114

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

174,650

171,114

SHAREHOLDERS' FUNDS

175,650

172,114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 December 2016 and were signed on its behalf by:

C Chan - 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.

Freehold property

-

1% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

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 June 2015

333,512

Additions

9,000

At 31 May 2016

342,512

DEPRECIATION

At 1 June 2015

67,040

Charge for year

3,149

At 31 May 2016

70,189

NET BOOK VALUE

At 31 May 2016

272,323

At 31 May 2015

266,472

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.16

31.5.15

£

£

Repayable otherwise than by instalments

97,838

97,838

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000