McBain International Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04833512 (England and Wales)

Financial Statements for the Year Ended 31 July 2017

for

McBain International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs B E Wong

SECRETARY:

A J Lane

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

04833512 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

1,059

1,481

CURRENT ASSETS

Debtors

5

11,959

1,815

Cash at bank

-

555

11,959

2,370

CREDITORS

Amounts falling due within one year

6

(12,273

)

(3,103

)

NET CURRENT LIABILITIES

(314

)

(733

)

TOTAL ASSETS LESS CURRENT LIABILITIES

745

748

PROVISIONS FOR LIABILITIES

(201

)

(296

)

NET ASSETS

544

452

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

444

352

SHAREHOLDERS' FUNDS

544

452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 April 2018 and were signed by:

Mrs B E Wong - Director

1.	STATUTORY INFORMATION

McBain International Limited is a private company, limited by shares , registered in England and Wales.

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.

Revenue

Revenue 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2016

and 31 July 2017

5,138

2,668

7,806

DEPRECIATION

At 1 August 2016

4,827

1,498

6,325

Charge for year

78

344

422

At 31 July 2017

4,905

1,842

6,747

NET BOOK VALUE

At 31 July 2017

233

826

1,059

At 31 July 2016

311

1,170

1,481

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

4,096

1,815

Directors' current accounts

7,863

-

11,959

1,815

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

5,102

-

Trade creditors

64

35

Tax

1,598

178

VAT

2,613

934

Other creditors

426

-

Directors' current accounts

-

676

Accrued expenses

2,470

1,280

12,273

3,103

7.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1A).

Neither the opening equity nor the profit or loss were affected as a result of the transition from UK GAAP

to FRS 102 (Section 1A).