MacIntyre Memorials Limited - Accounts to registrar - small 17.2

MacIntyre Memorials Limited - Accounts to registrar - small 17.2

MACINTYRE MEMORIALS LIMITED - Company Information

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REGISTERED NUMBER: SC308270 (Scotland)









Unaudited Financial Statements

for the Year Ended 30 September 2017

for

MacIntyre Memorials Limited

MacIntyre Memorials Limited (Registered number: SC308270)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MacIntyre Memorials Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: A Macintyre
Mrs C Macintyre





REGISTERED OFFICE: 38 Watt Road
Hillington Industrial Estate
Glasgow
Strathclyde
G52 4RY





REGISTERED NUMBER: SC308270 (Scotland)





ACCOUNTANTS: James W A Cruickshank & Co
Chartered Accountants
Chartered Tax Advisers
Inglewood
Wreay
Carlisle
Cumbria
CA4 0RL
Page 1
MacIntyre Memorials Limited (Registered number: SC308270)

Abridged Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,665 69,376
73,665 69,376

CURRENT ASSETS
Stocks 158,956 157,907
Debtors 77,470 82,936
Cash in hand 224 81
236,650 240,924
CREDITORS
Amounts falling due within one year 258,309 230,686
NET CURRENT (LIABILITIES)/ASSETS (21,659 ) 10,238
TOTAL ASSETS LESS CURRENT
LIABILITIES
52,006
79,614

CREDITORS
Amounts falling due after more than one
year
(7,457
)
(25,415
)

PROVISIONS FOR LIABILITIES (13,523 ) (12,195 )
NET ASSETS 31,026 42,004

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 31,023 42,001
SHAREHOLDERS' FUNDS 31,026 42,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 notes form part of these financial statements

Page 2 continued...
MacIntyre Memorials Limited (Registered number: SC308270)

Abridged Balance Sheet - continued
30 September 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 November 2017 and were signed on its behalf
by:




A Macintyre - Director



Mrs C Macintyre - Director


The notes form part of these financial statements

Page 3
MacIntyre Memorials Limited (Registered number: SC308270)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

MacIntyre Memorials Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
MacIntyre Memorials Limited (Registered number: SC308270)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016
and 30 September 2017 16,800
AMORTISATION
At 1 October 2016
and 30 September 2017 16,800
NET BOOK VALUE

At 30 September 2017 -
At 30 September 2016 -

Page 5 continued...
MacIntyre Memorials Limited (Registered number: SC308270)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016 192,174
Additions 30,979
Disposals (11,745 )
At 30 September 2017 211,408
DEPRECIATION
At 1 October 2016 122,798
Charge for year 17,686
Eliminated on disposal (2,741 )
At 30 September 2017 137,743
NET BOOK VALUE
At 30 September 2017 73,665
At 30 September 2016 69,376

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2016 53,482
Additions 21,904
Disposals (11,745 )
At 30 September 2017 63,641
DEPRECIATION
At 1 October 2016 21,550
Charge for year 10,697
Eliminated on disposal (2,741 )
At 30 September 2017 29,506
NET BOOK VALUE
At 30 September 2017 34,135
At 30 September 2016 31,932

Page 6