J&E MacGregor Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC365611 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

J&E MACGREGOR LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J MacGregor

J E MacGregor

A MacGregor

SECRETARY:

A MacGregor

REGISTERED OFFICE:

1/4 Borthwick View

Pentland industrial Estate

Loanhead

EH20 9QH

REGISTERED NUMBER:

SC365611 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

BANKERS:

Royal Bank of Scotland

142-144 Princes Street

Edinburgh

EH2 4EQ

FIXED ASSETS

Intangible assets

2

69,588

74,941

Tangible assets

3

20,353

26,139

89,941

101,080

CURRENT ASSETS

Stocks

7,500

8,210

Debtors

55,174

48,356

Cash at bank and in hand

78,028

47,626

140,702

104,192

CREDITORS

Amounts falling due within one year

213,738

185,679

NET CURRENT LIABILITIES

(73,036

)

(81,487

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,905

19,593

CREDITORS

Amounts falling due after more than one
year

(3,692

)

(7,435

)

PROVISIONS FOR LIABILITIES

(3,406

)

(4,592

)

NET ASSETS

9,807

7,566

CAPITAL AND RESERVES

Called up share capital

4

30

Profit and loss account

9,777

7,536

SHAREHOLDERS' FUNDS

9,807

7,566

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 March 2017 and were signed on its behalf by:

J E MacGregor - Director

A MacGregor - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

130,000

AMORTISATION

At 1 November 2015

55,059

Amortisation for year

5,353

At 31 October 2016

60,412

NET BOOK VALUE

At 31 October 2016

69,588

At 31 October 2015

74,941

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

59,780

Additions

833

Disposals

(3,689

)

At 31 October 2016

56,924

DEPRECIATION

At 1 November 2015

33,641

Charge for year

6,619

Eliminated on disposal

(3,689

)

At 31 October 2016

36,571

NET BOOK VALUE

At 31 October 2016

20,353

At 31 October 2015

26,139

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

A Ordinary

£1

10

20

B Ordinary

£1

20

30