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REGISTERED NUMBER: SC086332 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

A & M Macrete Sales Limited

A & M Macrete Sales Limited (Registered number: SC086332)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & M Macrete Sales Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: G H Bell
Mrs R J Bell





SECRETARY: Mrs R J Bell





REGISTERED OFFICE: Newmill Farm
Campsie Road
Milton of Campsie
Glasgow
G66 8EH





REGISTERED NUMBER: SC086332 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

A & M Macrete Sales Limited (Registered number: SC086332)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,730 138,791

CURRENT ASSETS
Stocks 1,727 3,351
Debtors 5 226,593 184,764
Cash at bank 195,716 159,461
424,036 347,576
CREDITORS
Amounts falling due within one year 6 374,774 307,651
NET CURRENT ASSETS 49,262 39,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,992

178,716

CREDITORS
Amounts falling due after more than one
year

7

(45,032

)

(63,985

)

PROVISIONS FOR LIABILITIES (26,146 ) (27,758 )
NET ASSETS 108,814 86,973

CAPITAL AND RESERVES
Called up share capital 100 1,100
Retained earnings 108,714 85,873
SHAREHOLDERS' FUNDS 108,814 86,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

A & M Macrete Sales Limited (Registered number: SC086332)

Balance Sheet - continued
31 December 2016


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 14 July 2017 and were signed on its behalf by:





G H Bell - Director


A & M Macrete Sales Limited (Registered number: SC086332)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

A & M Macrete Sales Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

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. The financial statements have been prepared under the historical cost convention.

There were no transition adjustments required on the first time adoption of FRS 102.

The directors have reviewed the company's operating costs for the next twelve months, and the sources of funds
available, and are satisfied that the company is a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A & M Macrete Sales Limited (Registered number: SC086332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

Cash at bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the account.

3. EMPLOYEES

The average number of employees during the year was 8 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2016 226,643 5,489 122,104 3,013 357,249
Additions 41,390 42 - 358 41,790
Disposals (19,636 ) - - - (19,636 )
At 31 December 2016 248,397 5,531 122,104 3,371 379,403
DEPRECIATION
At 1 January 2016 131,798 5,263 78,919 2,478 218,458
Charge for year 33,471 40 10,796 294 44,601
Eliminated on disposal (14,386 ) - - - (14,386 )
At 31 December 2016 150,883 5,303 89,715 2,772 248,673
NET BOOK VALUE
At 31 December 2016 97,514 228 32,389 599 130,730
At 31 December 2015 94,845 226 43,185 535 138,791


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 226,450 181,358
Other debtors 143 3,406
226,593 184,764

A & M Macrete Sales Limited (Registered number: SC086332)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts (see note 8) 49,720 44,098
Trade creditors 182,601 186,351
Taxation and social security 66,290 12,103
Other creditors 76,163 65,099
374,774 307,651

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts (see note 8) 45,032 63,985

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.16 31.12.15
£    £   
Net obligations repayable:
Within one year 49,720 44,098
Between one and five years 45,032 63,985
94,752 108,083

Non-cancellable operating
leases
31.12.16 31.12.15
£    £   
Within one year 4,125 -
Between one and five years 7,905 -
12,030 -