MacIntyre Memorials Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC308270 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 September 2018

for

MacIntyre Memorials Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Macintyre

Mrs C Macintyre

REGISTERED OFFICE:

38 Watt Road

Hillington Industrial Estate

Glasgow

Strathclyde

G52 4RY

REGISTERED NUMBER:

SC308270 (Scotland)

ACCOUNTANTS:

James W A Cruickshank & Co

Chartered Accountants

Chartered Tax Advisers

Inglewood

Wreay

Carlisle

Cumbria

CA4 0RL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

313,707

73,665

313,707

73,665

CURRENT ASSETS

Stocks

109,390

158,956

Debtors

35,455

77,470

Cash in hand

-

224

144,845

236,650

CREDITORS

Amounts falling due within one year

262,419

258,309

NET CURRENT LIABILITIES

(117,574

)

(21,659

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196,133

52,006

CREDITORS

Amounts falling due after more than one year

(144,682

)

(7,457

)

PROVISIONS FOR LIABILITIES

(49,775

)

(13,523

)

NET ASSETS

1,676

31,026

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,673

31,023

SHAREHOLDERS' FUNDS

1,676

31,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 November 2018 and were signed on its behalf by:

A Macintyre - Director

Mrs C Macintyre - Director

1.	STATUTORY INFORMATION

MacIntyre Memorials 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 amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 13 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

and 30 September 2018

16,800

AMORTISATION

At 1 October 2017

and 30 September 2018

16,800

NET BOOK VALUE

At 30 September 2018

-

At 30 September 2017

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

211,408

Additions

254,947

At 30 September 2018

466,355

DEPRECIATION

At 1 October 2017

137,743

Charge for year

14,905

At 30 September 2018

152,648

NET BOOK VALUE

At 30 September 2018

313,707

At 30 September 2017

73,665

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 October 2017

63,641

Additions

240,781

At 30 September 2018

304,422

DEPRECIATION

At 1 October 2017

29,506

Charge for year

8,756

At 30 September 2018

38,262

NET BOOK VALUE

At 30 September 2018

266,160

At 30 September 2017

34,135