Registered Number SC283112
D M & A MACLEOD LIMITED
Abbreviated Accounts
31 October 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land & Buildings - 0% straight line
Plant & Machinery - 15% reducing balance
Motor Vehicles - 25% reducing balance
Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years.
Fishing Licences
Fishing licences are valued at cost less accumulated amortisation.
Valuation information and policy
Stock is valued at the lower of cost and net realisable value.
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transaction. All differences are taken to the Profit & Loss account.
Other accounting policies
The directors have concluded that there are no material uncertainties which may cast significant doubt about the ability of the company to continue to trade for the foreseeable future. They have therefore adopted the going concern basis for the preparation of the accounts.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
£ | |
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Cost | |
At 1 November 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2016 |
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Amortisation | |
At 1 November 2015 |
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Charge for the year |
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On disposals |
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At 31 October 2016 |
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Net book values | |
At 31 October 2016 | 33,200 |
At 31 October 2015 | 39,500 |
£ | |
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Cost | |
At 1 November 2015 |
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Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 October 2016 |
|
Depreciation | |
At 1 November 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 October 2016 |
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Net book values | |
At 31 October 2016 | 479,785 |
At 31 October 2015 | 498,790 |