Company Registration No. 07282239 (England and Wales)
MC HALL LANDSCAPES LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
MC HALL LANDSCAPES LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,006
6,676
Current assets
Debtors
35,027
58,573
Cash at bank and in hand
1,277
3,461
36,304
62,034
Creditors: amounts falling due within one year
3
(15,625)
(25,055)
Net current assets
20,679
36,979
Total assets less current liabilities
25,685
43,655
Creditors: amounts falling due after more than one year
4
(1,699)
(4,248)
Provisions for liabilities
(659)
(1,060)
23,327
38,347
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
23,227
38,247
Shareholders' funds
23,327
38,347
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 March 2017
M Hall
Director
Company Registration No. 07282239
MC HALL LANDSCAPES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor vehicles
25% per annum on net book value
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
12,495
Depreciation
At 1 July 2015
5,819
Charge for the year
1,670
At 30 June 2016
7,489
Net book value
At 30 June 2016
5,006
At 30 June 2015
6,676
MC HALL LANDSCAPES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £2,549).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £4,248).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
MC HALL LANDSCAPES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
6
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
M Hall - interest free loan
-
40,603
12,954
-
(36,500)
17,057
40,603
12,954
-
(36,500)
17,057
The overdrawn balance at 30 June 2016 was repaid with a dividend paid on 30 March 2017.
Other transactions
Included in the profit and loss account is a charge of £208 (201
5
: £
208
) for the use of a room in the director
'
s home
.