REGISTERED NUMBER: SC379454 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

MacArthur Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I C MacArthur

Mrs J E MacArthur

REGISTERED OFFICE:

Manitoba

Balephuil

Isle of Tiree

PA77 6UE

REGISTERED NUMBER:

SC379454 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

11 Somerset Place

Glasgow

G3 7JT

FIXED ASSETS

Tangible assets

2

86,357

55,002

Investments

3

200

200

86,557

55,202

CURRENT ASSETS

Stocks

74,642

-

Debtors

47,888

52,915

Cash at bank

186,274

3,671

308,804

56,586

CREDITORS

Amounts falling due within one year

4

284,843

12,830

NET CURRENT ASSETS

23,961

43,756

TOTAL ASSETS LESS CURRENT LIABILITIES

110,518

98,958

CREDITORS

Amounts falling due after more than one year

4

(35,000

)

-

PROVISIONS FOR LIABILITIES

(8,368

)

-

NET ASSETS

67,150

98,958

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

66,950

98,758

SHAREHOLDERS' FUNDS

67,150

98,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 January 2015 and were signed on its behalf by:

I C MacArthur - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about MacArthur Holdings Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

91,669

Additions

53,631

At 31 August 2014

145,300

DEPRECIATION

At 1 September 2013

36,667

Charge for year

22,276

At 31 August 2014

58,943

NET BOOK VALUE

At 31 August 2014

86,357

At 31 August 2013

55,002

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2013

and 31 August 2014

200

NET BOOK VALUE

At 31 August 2014

200

At 31 August 2013

200

The company's investments at the balance sheet date in the share capital of companies include the following:

West Coast Aggregates Limited

Nature of business: Quarry

%

Class of shares:

holding

Ordinary

100.00

31.8.14

31.8.13

£

£

Aggregate capital and reserves

(4,315

)

5

(Loss)/profit for the year

(4,310

)

9,966

MHL Civil Engineering Ltd

Nature of business: Dormant

%

Class of shares:

holding

A

100.00

31.8.14

31.8.13

£

£

Aggregate capital and reserves

50

50

AML Agrimarine Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

28.2.14

£

Aggregate capital and reserves

100

4.

CREDITORS

Creditors include an amount of £ 45,000 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

200

Ordinary

£1

200

200