Red McGregor Marketing Limited
|
Registered Number
:
SC
275184
|
For the year ended 31 January 2018
Scotland
Unaudited Financial Statements
For the year ended 31 January 2018
Red McGregor Marketing Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Red McGregor Marketing Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
22,867
24,782
2
22,867
24,782
21,492
2,150
3
Trade and other receivables
|
23,504
9,217
4
4,220
Cash and cash equivalents
|
17,870
29,237
49,216
Trade and other payables
:
amounts falling due within one
|
year
|
(28,417)
(27,865)
5
20,799
1,372
Net current assets
Total assets less current liabilities
|
24,239
45,581
Trade and other payables
:
amounts falling due after more
|
than one year
|
(3,127)
(1,296)
6
22,943
Net assets
42,454
1
1
22,942
42,453
22,943
42,454
Shareholders' funds
For the year ended 31 January 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 16 October 2018 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 January 2018
Red McGregor Marketing Limited
Notes to the Financial Statements
Statutory Information
Red McGregor Marketing Limited is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration
|
number SC
275184
.
|
12 High Street
Musselburgh
East Lothian
EH21 7AG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
2 of 4
For the year ended 31 January 2018
Red McGregor Marketing Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
71,625
36,880
34,745
2,838
2,838
-
34,745
39,718
74,463
Provision for depreciation and impairment
|
46,843
27,515
19,328
Charge for year
4,753
2,440
2,313
51,596
29,955
21,641
13,104
9,763
22,867
15,417
9,365
24,782
2017
2018
2,150
21,492
4
.
Trade and other receivables
|
2017
2018
6,343
20,630
2,874
2,874
23,504
9,217
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
9,657
13,901
Taxation and social security
|
13,172
10,440
5,036
4,076
27,865
28,417
3 of 4
For the year ended 31 January 2018
Red McGregor Marketing Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
1,296
3,127
4 of 4