Abbreviated Company Accounts - MCI CONTRACTS LIMITED

MCI CONTRACTS LIMITED - Company Information

NI051472 MCI CONTRACTS LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true NI051472 2015-09-01 2016-08-31 NI051472 2016-08-31 NI051472 2015-08-31 NI051472 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 NI051472 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number NI051472

MCI CONTRACTS LIMITED

Abbreviated Accounts

31 August 2016

MCI CONTRACTS LIMITED Registered Number NI051472

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,178,375	978,294
		1,178,375	978,294
Current assets
Stocks		18,970	48,126
Debtors		75,637	132,573
Cash at bank and in hand		138,452	114,484
		233,059	295,183
Creditors: amounts falling due within one year		(191,437)	(228,243)
Net current assets (liabilities)		41,622	66,940
Total assets less current liabilities		1,219,997	1,045,234
Creditors: amounts falling due after more than one year		(228,993)	(141,559)
Provisions for liabilities		(46,000)	(8,000)
Total net assets (liabilities)		945,004	895,675
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		945,002	895,673
Shareholders' funds		945,004	895,675

For the year ending 31 August 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 directors acknowledge their 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 Board on 26 May 2017

And signed on their behalf by:
Gary McIvor, Director
Heather McIvor, Director

MCI CONTRACTS LIMITED Registered Number NI051472

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2015

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows;
Buildings - Straight line over fifty years.
Freehold Land - Is not depreciated.
Plant & Machinery - 20% Reducing balance.
Motor Vehicles - 20% Reducing balance.

Valuation information and policy
Stock and work in progress are valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 September 2015	1,385,700
Additions	274,207
Disposals	(37,610)
Revaluations	-
Transfers	-
At 31 August 2016	1,622,297
Depreciation
At 1 September 2015	407,406
Charge for the year	65,505
On disposals	(28,989)
At 31 August 2016	443,922
Net book values
At 31 August 2016	1,178,375
At 31 August 2015	978,294

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2