Maintenance Controls & Engineering Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC301422 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Maintenance Controls & Engineering

(Scotland) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Espie

SECRETARY:

A Espie

REGISTERED OFFICE:

Unit B8

Whitecrook Business Centre

Whitecrook Street

Clydebank

Glasgow

G81 1QF

REGISTERED NUMBER:

SC301422 (Scotland)

ACCOUNTANTS:

Gordon Ferguson Consulting Ltd

Upper Floor

Comac House

2 Coddington Crescent

Eurocentral

Lanarkshire

ML1 4YF

FIXED ASSETS

Tangible assets

4

191,750

245,818

CURRENT ASSETS

Stocks

177,406

160,202

Debtors

5

1,031,496

1,106,466

Cash at bank and in hand

1,443,503

666,547

2,652,405

1,933,215

CREDITORS

Amounts falling due within one year

6

1,256,614

534,445

NET CURRENT ASSETS

1,395,791

1,398,770

TOTAL ASSETS LESS CURRENT LIABILITIES

1,587,541

1,644,588

CREDITORS

Amounts falling due after more than one year

7

(23,695

)

(65,314

)

PROVISIONS FOR LIABILITIES

(19,277

)

(24,309

)

NET ASSETS

1,544,569

1,554,965

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,543,569

1,553,965

1,544,569

1,554,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 31 January 2018 and were signed by:

A Espie - Director

1.	STATUTORY INFORMATION

Maintenance Controls & Engineering (Scotland) Ltd 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.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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.

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 53 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

462,840

Additions

31,160

Disposals

(45,041

)

At 30 April 2017

448,959

DEPRECIATION

At 1 May 2016

217,022

Charge for year

65,193

Eliminated on disposal

(25,006

)

At 30 April 2017

257,209

NET BOOK VALUE

At 30 April 2017

191,750

At 30 April 2016

245,818

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

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

185,857

DEPRECIATION

At 1 May 2016

65,594

Charge for year

30,066

At 30 April 2017

95,660

NET BOOK VALUE

At 30 April 2017

90,197

At 30 April 2016

120,263

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

495,809

573,555

Amounts owed by group undertakings

-

25,000

Other debtors

535,687

507,911

1,031,496

1,106,466

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

41,619

41,619

Trade creditors

193,087

178,491

Amounts owed to group undertakings

492,500

-

Taxation and social security

398,110

205,389

Other creditors

131,298

108,946

1,256,614

534,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

23,695

65,314