Milestone Developments (Dalry) - Abbreviated accounts 16.3

REGISTERED NUMBER: SC427119 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Milestone Developments (Dalry)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs D Brown

SECRETARY:

S Jackson

REGISTERED OFFICE:

3 Wellington Square

Ayr

Ayrshire

KA7 1EN

REGISTERED NUMBER:

SC427119 (Scotland)

ACCOUNTANTS:

Sinclair Scott Chartered Accountants

3 Wellington Square

Ayr

Ayrshire

KA7 1EN

CURRENT ASSETS

Stocks

188,825

162,547

Debtors

852

2,689

Cash at bank

770

218

190,447

165,454

CREDITORS

Amounts falling due within one year

192,327

166,499

NET CURRENT LIABILITIES

(1,880

)

(1,045

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,880

)

(1,045

)

CAPITAL AND RESERVES

Called up share capital

2

3

Profit and loss account

(1,883

)

(1,048

)

SHAREHOLDERS' FUNDS

(1,880

)

(1,045

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 23 December 2016 and were signed by:

Mrs D Brown - 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).

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

DEFERRED TAX

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

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

3

Ordinary

£1

3

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and 31 March 2015:

2016

2015

£

S Jackson

Balance outstanding at start of year

35,947

35,847

Amounts repaid

-

100

Balance outstanding at end of year

35,947

R Kennedy

Balance outstanding at start of year

36,183

36,083

Amounts repaid

-

100

Balance outstanding at end of year

36,183

J Murphy

Balance outstanding at start of year

36,059

35,959

Amounts repaid

(36,059

)

100

Balance outstanding at end of year

-

36,059