Isonel Mcgregor Limited - Period Ending 2016-07-31

Registration number: 09120357

Isonel Mcgregor Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Isonel Mcgregor Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Isonel Mcgregor Limited
(Registration number: 09120357)
Abbreviated Balance Sheet at 31 July 2016

		Note			31 July 2016 £			31 July 2015 £
Fixed assets
Investments					101			2
Current assets
Debtors					1			1
Cash at bank and in hand					7,541			-
					7,542			1
Creditors: Amounts falling due within one year					(7,602)			(2)
Net current liabilities					(60)			(1)
Net assets					41			1
Capital and reserves
Called up share capital		3			100			1
Profit and loss account					(59)			-
Shareholders' funds					41			1

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

The members have 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 26 April 2017

.........................................
Mr Daniel McPherson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Isonel Mcgregor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

The company recognises income from group companies on a receivable basis

Fixed asset investments

Investment in the shares in group companies is recognised at cost less any provision for permanent diminution

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Investments £			Total £
Cost
At 1 August 2015		2			2
Additions		99			99
At 31 July 2016		101			101
Depreciation
At 31 July 2016		-			-
Net book value
At 31 July 2016		101			101
At 31 July 2015		2			2

Page 2

Isonel Mcgregor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Adinal McGregor Limited	England and Wales	Ordinary	100%	Investment Company
Hecnal McGregor Limited	England and Wales	Ordinary	100%	Service Company

3	Share capital

Allotted, called up and fully paid shares

	31 July 2016						31 July 2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3