Registered Number 06726445

MCMASTER BUSINESS DEVELOPMENT LTD

Abbreviated Accounts

31 December 2015

MCMASTER BUSINESS DEVELOPMENT LTD Registered Number 06726445

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,232 922
1,232 922
Current assets
Debtors 4,510 4,816
Cash at bank and in hand 3,054 3,203
7,564 8,019
Creditors: amounts falling due within one year (4,880 ) (5,589 )
Net current assets (liabilities) 2,684 2,430
Total assets less current liabilities 3,916 3,352
Provisions for liabilities (246 ) (184 )
Total net assets (liabilities) 3,670 3,168
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 3,570 3,068
Shareholders' funds 3,670 3,168

  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 August 2016

And signed on their behalf by:
Mrs P McMaster, Director

MCMASTER BUSINESS DEVELOPMENT LTD Registered Number 06726445

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2 Tangible fixed assets
£
Cost
At 1 January 2015 1,733
Additions 990
Disposals -
Revaluations -
Transfers -
At 31 December 2015 2,723
Depreciation
At 1 January 2015 811
Charge for the year 680
On disposals -
At 31 December 2015 1,491
Net book values
At 31 December 2015 1,232
At 31 December 2014 922
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100