back to MOREDUN DEVELOPMENTS LTD. detail Moredun Developments Ltd Micro entities accounts
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COMPANY REGISTRATION NUMBER: SC520080
Moredun Developments Ltd
Unaudited Financial Statements
31 March 2017
WALTON KILGOUR
Chartered Accountants
2 Marshall Place
Perth
PH2 8AH
Moredun Developments Ltd
Financial Statements
Year ended 31 March 2017
Contents
Page
Statement of financial position and the notes to the financial statements
1
Moredun Developments Ltd
Statement of Financial Position
31 March 2017
Period from
Year to
11 Nov 15 to
31 Mar 17
31 Mar 16
£
£
£
Fixed assets
1,081
1,441
-------
-------
Current assets
70,261
25,023
Creditors: amounts falling due within one year
53,475
24,120
--------
--------
Net current assets
16,786
903
--------
-------
Total assets less current liabilities
17,867
2,344
Accruals and deferred income
984
600
--------
-------
16,883
1,744
--------
-------
Capital and reserves
16,883
1,744
--------
-------
Notes to the financial statements
1. Directors' advances, credits and guarantees
Stephen McManus and Audrey McManus each charged the company for business mileage covered in private motor vehicles using the H M Revenue and Customs Authorised Mileage Rates. The company was charged £1,490 by each director for this purpose during the year (2016 - £923 each). They also each charged the company £156 for business use of a home office (2016 - £156 each). The company owed Stephen McManus and Audrey McManus £19,739 each as at 31 March 2017 (2016 - £6,984 each). Interest of £1,956 was charged on these loans to the company. There is no fixed term for repayment.
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 11 April 2017 , and are signed on behalf of the board by:
Stephen McManus
Director
Company registration number: SC520080
The company is a private company limited by shares, registered in Scotland.