McGregor Aerospace Consultancy Ltd - Abbreviated accounts 16.3

McGregor Aerospace Consultancy Ltd - Abbreviated accounts 16.3

MCGREGOR AEROSPACE CONSULTANCY LTD - Company Information

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REGISTERED NUMBER: 09133223 (England and Wales)















MCGREGOR AEROSPACE CONSULTANCY LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016






MCGREGOR AEROSPACE CONSULTANCY LTD (REGISTERED NUMBER: 09133223)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 July 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

MCGREGOR AEROSPACE CONSULTANCY LTD

COMPANY INFORMATION
For The Year Ended 31 July 2016







DIRECTOR: Mr N P McGregor





SECRETARY: Mrs A M McGregor





REGISTERED OFFICE: 22 High Ridge
Matlock
Derbyshire
DE4 3HP





REGISTERED NUMBER: 09133223 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE
Page 1
MCGREGOR AEROSPACE CONSULTANCY LTD (REGISTERED NUMBER: 09133223)

ABBREVIATED BALANCE SHEET
31 July 2016

2016 2015
Notes £    £   
FIXED ASSETS
Tangible assets 2 701 935

CURRENT ASSETS
Debtors 6,576 2,088
Cash at bank 2,894 11,150
9,470 13,238
CREDITORS
Amounts falling due within one year (4,467 ) (7,941 )
NET CURRENT ASSETS 5,003 5,297
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,704
6,232

PROVISIONS FOR LIABILITIES (140 ) (187 )
NET ASSETS 5,564 6,045

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 5,464 5,945
SHAREHOLDERS' FUNDS 5,564 6,045

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

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

The director acknowledges his 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 26 April 2017 and were signed by:




Mr N P McGregor - Director


The notes form part of these abbreviated accounts

Page 2
MCGREGOR AEROSPACE CONSULTANCY LTD (REGISTERED NUMBER: 09133223)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 July 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The director considers that
there are no material uncertainties which may cast significant doubt about the ability of the company to
continue as a going concern.

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.

Plant and machinery etc - 25% on reducing balance

Deferred tax
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.
Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the
company has entered into a binding agreement to sell the assets and recognised the gains and losses
expected to arise on sale. Deferred tax is also not recognised where assets have been sold and it is
expected that the taxable gain will be rolled over into a replacement asset.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 997
DEPRECIATION
At 1 August 2015 62
Charge for year 234
At 31 July 2016 296
NET BOOK VALUE
At 31 July 2016 701
At 31 July 2015 935

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 3 continued...
MCGREGOR AEROSPACE CONSULTANCY LTD (REGISTERED NUMBER: 09133223)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 July 2016


4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within Other Debtors is an amount of £5,661 (2015: Other Creditors :£3,146) which was owed
to the company by the director.

Page 4