McArthur-Davies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07380507 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

McArthur-Davies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J M Davies

A J McArthur

REGISTERED OFFICE:

10 Miles Road

Clifton

Bristol

BS8 2JN

REGISTERED NUMBER:

07380507 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

4,061

3,810

CURRENT ASSETS

Debtors

5

15,742

12,779

Cash at bank and in hand

32,246

31,701

47,988

44,480

CREDITORS

Amounts falling due within one year

6

10,232

12,878

NET CURRENT ASSETS

37,756

31,602

TOTAL ASSETS LESS CURRENT LIABILITIES

41,817

35,412

PROVISIONS FOR LIABILITIES

273

273

NET ASSETS

41,544

35,139

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

41,542

35,137

SHAREHOLDERS' FUNDS

41,544

35,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 12 December 2018 and were signed on its behalf by:

R J M Davies - Director

1.	STATUTORY INFORMATION

McArthur-Davies Ltd is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% on cost

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.

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 NIL (2017 - 5 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

10,482

Additions

2,797

At 31 March 2018

13,279

DEPRECIATION

At 1 April 2017

6,672

Charge for year

2,546

At 31 March 2018

9,218

NET BOOK VALUE

At 31 March 2018

4,061

At 31 March 2017

3,810

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

15,248

12,285

Directors' current accounts

494

494

15,742

12,779

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

335

305

Tax

6,622

6,440

Social security and other taxes

260

766

VAT

2,379

4,768

Other creditors

35

-

Directors' current accounts

209

207

Accrued expenses

392

392

10,232

12,878

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

£1

2

2

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors A J McArthur and R J M Davies by virtue of them owning 100% of

the issued shares at the balance sheet date.