Ramsay McMichael Consulting Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC246396 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Ramsay McMichael Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Ramsay

S McMichael

SECRETARY:

G Ramsay

REGISTERED OFFICE:

The Connect Building

59 Bath Street

Glasgow

G2 2DH

REGISTERED NUMBER:

SC246396 (Scotland)

ACCOUNTANTS:

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

FIXED ASSETS

Tangible assets

4

2,008

2,734

CURRENT ASSETS

Stocks

5

22,255

24,407

Debtors

6

204,308

164,681

Cash at bank

51,025

80,951

277,588

270,039

CREDITORS

Amounts falling due within one year

7

263,683

257,149

NET CURRENT ASSETS

13,905

12,890

TOTAL ASSETS LESS CURRENT LIABILITIES

15,913

15,624

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

15,813

15,524

SHAREHOLDERS' FUNDS

15,913

15,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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 Board of Directors on 5 July 2018 and were signed on its behalf by:

S McMichael - Director

1.	STATUTORY INFORMATION

Ramsay McMichael Consulting 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 the amount receivable for the provision of goods and services falling within the company's ordinary

activities, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

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 12 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

26,045

10,033

36,078

DEPRECIATION

At 1 May 2017

25,030

8,314

33,344

Charge for year

153

573

726

At 30 April 2018

25,183

8,887

34,070

NET BOOK VALUE

At 30 April 2018

862

1,146

2,008

At 30 April 2017

1,015

1,719

2,734

5.

STOCKS

30.4.18

30.4.17

£

£

Work in progress

-

24,407

Work-in-progress

22,255

-

22,255

24,407

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

196,020

160,493

Amounts owed by group undertakings

8,288

4,188

204,308

164,681

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

62,092

5,573

Trade creditors

15,013

31,716

Taxation and social security

115,067

104,573

Other creditors

71,511

115,287

263,683

257,149

8.	RELATED PARTY DISCLOSURES