McCollin Bryan Limited - Abbreviated accounts

MCCOLLIN BRYAN LIMITED - Company Information

Registered number

07164246

McCollin Bryan Limited

Abbreviated Accounts

31 March 2016

McCollin Bryan Limited
Registered number:		07164246
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		33,991			8,634

Current assets
Stocks		16,676			15,160
Debtors		155,964			227,112
Cash at bank and in hand		216,102			225,231
		388,742			467,503

Creditors: amounts falling due within one year		(55,376)			(133,705)

Net current assets			333,366			333,798

Total assets less current liabilities			367,357			342,432


Provisions for liabilities			(1,727)			(1,727)


Net assets			365,630			340,705

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			365,530			340,605

Shareholders' funds			365,630			340,705

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



D McCollin
Director
Approved by the board on 23 November 2016

McCollin Bryan Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					28,439
	Additions					37,031
	At 31 March 2016					65,470

	Depreciation
	At 1 April 2015					19,805
	Charge for the year					11,674
	At 31 March 2016					31,479

	Net book value
	At 31 March 2016					33,991
	At 31 March 2015					8,634


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100