Sandra McCaughey Business Solutions Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC377677 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Sandra McCaughey Business Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S McCaughey

REGISTERED OFFICE:

34 Northcote Street

Wick

Caithness

KW1 5QP

REGISTERED NUMBER:

SC377677 (Scotland)

ACCOUNTANTS:

Reid & Fraser, C.A.

92 High Street

Wick

Caithness

KW1 4LY

FIXED ASSETS

Tangible assets

2

966

1,290

CURRENT ASSETS

Debtors

2,022

1,469

Cash at bank and in hand

2,081

1,759

4,103

3,228

CREDITORS

Amounts falling due within one year

1,039

3,466

NET CURRENT ASSETS/(LIABILITIES)

3,064

(238

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,030

1,052

PROVISIONS FOR LIABILITIES

460

460

NET ASSETS

3,570

592

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,470

492

SHAREHOLDERS' FUNDS

3,570

592

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 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 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 23 December 2014 and were signed by:

Mrs S McCaughey - 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 services, 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.

Office equipment

-

25% on reducing balance

Deferred tax

Deferred tax is provided in full, using the liability method, on temporary differences arising between the tax bases of

assets and liabilities and their carrying amount in the balance sheet. It is provided using the tax rates that are expected to

apply in the period when the asset or liability is settled, based on the tax rates that have been enacted or substantively

enacted at the balance sheet date.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against

which temporary differences can be utilised.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

3,072

DEPRECIATION

At 1 April 2013

1,782

Charge for year

324

At 31 March 2014

2,106

NET BOOK VALUE

At 31 March 2014

966

At 31 March 2013

1,290

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and 31 March 2013:

2014

2013

£

£

Mrs S McCaughey

Balance outstanding at start of year

-

-

Amounts advanced

1,093

-

Amounts repaid

-

-

Balance outstanding at end of year

1,093

-