back to MCFIE CONSULTANCY LTD detail McFie Consultancy Ltd - Accounts to registrar - small 17.1.1
IRIS Accounts Production v17.1.1.60 SC537058 Board of Directors 3.6.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5370582016-06-02SC5370582017-03-31SC5370582016-06-032017-03-31SC5370582016-06-02SC537058ns14:PoundSterling2016-06-032017-03-31SC537058ns10:Director12016-06-032017-03-31SC537058ns10:PrivateLimitedCompanyLtd2016-06-032017-03-31SC537058ns10:SmallEntities2016-06-032017-03-31SC537058ns10:AuditExempt-NoAccountantsReport2016-06-032017-03-31SC537058ns10:SmallCompaniesRegimeForDirectorsReport2016-06-032017-03-31SC537058ns10:SmallCompaniesRegimeForAccounts2016-06-032017-03-31SC537058ns10:FullAccounts2016-06-032017-03-31SC537058ns5:CurrentFinancialInstruments2017-03-31SC537058ns5:ShareCapital2017-03-31SC537058ns5:RetainedEarningsAccumulatedLosses2017-03-31SC537058ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: SC537058















MCFIE CONSULTANCY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 3 JUNE 2016 TO 31 MARCH 2017






MCFIE CONSULTANCY LTD (REGISTERED NUMBER: SC537058)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 JUNE 2016 TO 31 MARCH 2017




Page

Balance Sheet 1

Notes to the Financial Statements 2


MCFIE CONSULTANCY LTD (REGISTERED NUMBER: SC537058)

BALANCE SHEET
31 MARCH 2017

Notes £   
CURRENT ASSETS
Debtors 4 1,050
Cash at bank 18,925
19,975
CREDITORS
Amounts falling due within one year 5 13,936
NET CURRENT ASSETS 6,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,039

CAPITAL AND RESERVES
Called up share capital 1
Profit and loss account 6,038
SHAREHOLDERS' FUNDS 6,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 June 2017 and were signed on its behalf by:





Ms C M McFie - Director


MCFIE CONSULTANCY LTD (REGISTERED NUMBER: SC537058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 JUNE 2016 TO 31 MARCH 2017

1. STATUTORY INFORMATION

McFie Consultancy Ltd is a private company, limited by shares, registered in Scotland. The registered office is
Caledonia House, 89 Seaward Street, Glasgow, G41 1HJ.

The financial statements are presented in Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Companies Act 2006. There were no material departures from that standard. The financial
statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the net invoiced cost of services and recharged expenses during the year, excluding value
added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection
with the service have been passed to the buyer.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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.

The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in
the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted
at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is
presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the
transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,050

MCFIE CONSULTANCY LTD (REGISTERED NUMBER: SC537058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 JUNE 2016 TO 31 MARCH 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 2,825
Other creditors 11,111
13,936

6. RELATED PARTY DISCLOSURES

At the balance sheet date, £1,417 was due to a director. This amount is interest free and carries no fixed
repayment terms.