Mathers (West End) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC308904 (Scotland)

Financial Statements for the Year Ended 31 October 2017

for

MATHERS (WEST END) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S F Paterson

SECRETARY:

Lindsays

REGISTERED OFFICE:

Caledonian Exchange

19a Canning Street

Edinburgh

EH3 8HE

REGISTERED NUMBER:

SC308904 (Scotland)

ACCOUNTANTS:

Davidson Associates Limited

68 Edgehead Village

Pathhead

Midlothian

EH37 5RJ

FIXED ASSETS

Intangible assets

4

36,171

40,189

Tangible assets

5

6,866

11,561

43,037

51,750

CURRENT ASSETS

Stocks

6,965

7,483

Debtors

6

226,420

149,771

Cash at bank and in hand

10,820

114,949

244,205

272,203

CREDITORS

Amounts falling due within one year

7

(80,679

)

(68,421

)

NET CURRENT ASSETS

163,526

203,782

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,563

255,532

CAPITAL AND RESERVES

Called up share capital

2

Share premium

2,096

Retained earnings

204,465

253,434

SHAREHOLDERS' FUNDS

206,563

255,532

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 June 2018 and were signed by:

S F Paterson - Director

1.	STATUTORY INFORMATION

Mathers (West End) 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 amounts paid in connection with the acquisition of the business in 2006,

was being amortised evenly over its estimated useful life of 27 years from the date of

acquisition of each business.In light of FRS102 a decision was made in the year ended 31

October 2017 to write off the remaining Goodwill over the 10 years to 31 October 2026. The

Director considers that the unamortised value of Goodwill at 31 October 2017 represents a

valid valuation.

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.

Plant and machinery etc

-

20% 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.

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 10 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

62,839

AMORTISATION

At 1 November 2016

22,650

Charge for year

4,018

At 31 October 2017

26,668

NET BOOK VALUE

At 31 October 2017

36,171

At 31 October 2016

40,189

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

70,330

Additions

1,450

At 31 October 2017

71,780

DEPRECIATION

At 1 November 2016

58,769

Charge for year

6,145

At 31 October 2017

64,914

NET BOOK VALUE

At 31 October 2017

6,866

At 31 October 2016

11,561

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.10.17

31.10.16

£

Amounts owed by group undertakings

208,107

133,408

Other debtors

18,313

16,363

226,420

149,771

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.10.17

31.10.16

£

Trade creditors

13,190

18,191

Amounts owed to group undertakings

16,501

Taxation and social security

38,592

25,614

Other creditors

12,396

8,115

80,679

68,421

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Seven Hills Holding Limited.

Mathers (West End) Limited - Accounts to registrar (filleted) - small 18.1

Mathers (West End) Limited - Accounts to registrar (filleted) - small 18.1