McMullan Studio Limited FILLETED ACCOUNTS COVER
|
|
|||||||||
Company No. 11609706
|
|||||||||
|
|||||||||
|
|||||||||
McMullan Studio Limited DIRECTORS REPORT REGISTRAR
|
The Director presents his report and the accounts for the period ended 30 September 2019.
|
|||||||||
Principal activities
|
|||||||||
|
|||||||||
Director
|
|||||||||
The Director who served at any time during the period was as follows:
|
|||||||||
A.D. McMullan
|
|||||||||
|
|||||||||
Signed on behalf of the board
|
|||||||||
A.D. McMullan
|
|||||||||
Director
|
|||||||||
12 May 2020
|
McMullan Studio Limited BALANCE SHEET REGISTRAR
|
at
|
|
|||||||||
Company No.
|
|
Notes
|
2019
|
|||||||
£
|
||||||||||
Fixed assets
|
||||||||||
Tangible assets
|
3
|
|
||||||||
|
||||||||||
Current assets
|
||||||||||
Debtors
|
4
|
|
||||||||
Cash at bank and in hand
|
|
|||||||||
|
||||||||||
Creditors: Amount falling due within one year
|
5
|
(
|
||||||||
Net current assets
|
|
|||||||||
Total assets less current liabilities
|
|
|||||||||
Creditors: Amounts falling due after more than one year
|
6
|
(
|
||||||||
Net liabilities
|
(
|
|||||||||
Capital and reserves
|
||||||||||
Called up share capital
|
|
|||||||||
Share premium account
|
7
|
|
||||||||
Profit and loss account
|
7
|
(
|
||||||||
Total equity
|
(
|
|||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
|
||||||||||
Approved by the board on 12 May 2020
|
||||||||||
And signed on its behalf by:
|
||||||||||
A.D. McMullan
|
||||||||||
Director
|
||||||||||
12 May 2020
|
McMullan Studio Limited NOTES TO THE ACCOUNTS REGISTRAR
|
for the period ended 30 September 2019
|
||||||||||||||
1
|
General information
|
|||||||||||||
|
||||||||||||||
Its registered number is: 11609706
|
||||||||||||||
Its registered office is:
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
2
|
Accounting policies
|
|||||||||||||
Turnover
|
||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
||||||||||||||
Tangible fixed assets and depreciation
|
||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
||||||||||||||
|
||||||||||||||
Furniture, fittings and equipment
|
|
|||||||||||||
Computer Equipment are on a 3 year straight line and are part of Furniture, fittings and equipment.
|
||||||||||||||
Taxation
|
||||||||||||||
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively. |
||||||||||||||
Trade and other debtors
|
||||||||||||||
|
||||||||||||||
Trade and other creditors
|
||||||||||||||
|
||||||||||||||
Defined contribution pensions
|
||||||||||||||
|
||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
|
||||||||||||||
3
|
Tangible fixed assets
|
|||||||||||||
Fixtures, fittings and equipment
|
Total
|
|||||||||||||
£
|
£
|
|||||||||||||
Cost or revaluation
|
||||||||||||||
Additions
|
|
|
||||||||||||
At 30 September 2019
|
|
|
||||||||||||
Depreciation
|
||||||||||||||
Charge for the year
|
|
|
||||||||||||
At 30 September 2019
|
|
|
||||||||||||
Net book values
|
||||||||||||||
At 30 September 2019
|
|
|
||||||||||||
4
|
Debtors
|
|||||||||||||
2019
|
||||||||||||||
£
|
||||||||||||||
VAT recoverable
|
|
|||||||||||||
|
||||||||||||||
5
|
Creditors:
|
|||||||||||||
amounts falling due within one year
|
||||||||||||||
2019
|
||||||||||||||
£
|
||||||||||||||
Trade creditors
|
|
|||||||||||||
Other creditors
|
|
|||||||||||||
Accruals and deferred income
|
|
|||||||||||||
|
||||||||||||||
6
|
Creditors:
|
|||||||||||||
amounts falling due after more than one year
|
||||||||||||||
2019
|
||||||||||||||
£
|
||||||||||||||
Other creditors
|
|
|||||||||||||
|
||||||||||||||
7
|
Reserves
|
|||||||||||||
|
||||||||||||||
|
||||||||||||||