McGuire Electrical Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC350914 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

MCGUIRE ELECTRICAL SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I McGuire

SECRETARY:

Mrs L McGuire

REGISTERED OFFICE:

378 Brandon Street

Motherwell

ML1 1XA

REGISTERED NUMBER:

SC350914 (Scotland)

ACCOUNTANTS:

WDM

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

2

2,366

691

CURRENT ASSETS

Debtors

7,903

-

Cash at bank

473

-

8,376

-

CREDITORS

Amounts falling due within one year

10,138

452

NET CURRENT LIABILITIES

(1,762

)

(452

)

TOTAL ASSETS LESS CURRENT LIABILITIES

604

239

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

594

229

SHAREHOLDERS' FUNDS

604

239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 9 July 2014 and were signed by:

I McGuire - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Deferred tax

Provision is made for deferred taxation in so far as a liability or asset arose as a result of transactions

that had occurred by the balance sheet date and gave rise to an obligation to pay more tax in the future, or

a right to pay less tax in the future with the following exception: Deferred tax assets are recognised only

to the extent that the Directors consider that it is more likely than not that there will be suitable taxable

profits from which the future reversal of the underlying timing differences can be deducted. Deferred

tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the

balance sheet date.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,844

Additions

2,579

At 31 March 2014

4,423

DEPRECIATION

At 1 April 2013

1,153

Charge for year

904

At 31 March 2014

2,057

NET BOOK VALUE

At 31 March 2014

2,366

At 31 March 2013

691

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

1

10

10