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REGISTERED NUMBER: SC064184 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

M & T (Builders Merchants) Limited

M & T (Builders Merchants) Limited (Registered number: SC064184)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & T (Builders Merchants) Limited

Company Information
for the Year Ended 28 February 2018







DIRECTOR: A Trail





SECRETARY: Mrs A Trail





REGISTERED OFFICE: 22 Charlotte Street
Helensburgh
G84 7PH





REGISTERED NUMBER: SC064184 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

M & T (Builders Merchants) Limited (Registered number: SC064184)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 206,978 233,593
Investments 5 900 2,400
207,878 235,993

CURRENT ASSETS
Stocks 102,592 111,782
Debtors 6 124,198 77,241
Cash at bank and in hand 27,023 37,111
253,813 226,134
CREDITORS
Amounts falling due within one year 7 209,730 176,036
NET CURRENT ASSETS 44,083 50,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,961

286,091

CREDITORS
Amounts falling due after more than one
year

8

(5,555

)

(13,139

)

PROVISIONS FOR LIABILITIES (10,476 ) (10,476 )
NET ASSETS 235,930 262,476

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 235,830 262,376
SHAREHOLDERS' FUNDS 235,930 262,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M & T (Builders Merchants) Limited (Registered number: SC064184)

Balance Sheet - continued
28 February 2018


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 Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2018 and were signed by:





A Trail - Director


M & T (Builders Merchants) Limited (Registered number: SC064184)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

M & T (Builders Merchants) 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.

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.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 10 ) .

M & T (Builders Merchants) Limited (Registered number: SC064184)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2017 198,011 319,836 517,847
Disposals - (1,947 ) (1,947 )
At 28 February 2018 198,011 317,889 515,900
DEPRECIATION
At 1 March 2017 54,130 230,124 284,254
Charge for year - 26,615 26,615
Eliminated on disposal - (1,947 ) (1,947 )
At 28 February 2018 54,130 254,792 308,922
NET BOOK VALUE
At 28 February 2018 143,881 63,097 206,978
At 28 February 2017 143,881 89,712 233,593

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2017 2,400
Disposals (1,500 )
At 28 February 2018 900
NET BOOK VALUE
At 28 February 2018 900
At 28 February 2017 2,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 122,902 75,948
Other debtors 1,296 1,293
124,198 77,241

M & T (Builders Merchants) Limited (Registered number: SC064184)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 7,584 10,724
Trade creditors 75,502 49,665
Taxation and social security 27,084 12,481
Other creditors 99,560 103,166
209,730 176,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 5,555 13,139

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.18 28.2.17
£    £   

The bank overdraft has been secured by a standard security over the premises at 22 Charlotte Street,
Helensburgh in favour of The Royal Bank of Scotland PLC, and a floating charge over the undertaking and all
property and assets of the company in favour of Clydesdale Bank PLC.

10. CONTINGENT LIABILITIES

As at 28 February 2018 the company has no contingent liabilities. (2017 - nil)

11. CAPITAL COMMITMENTS

As at 28 February 2018 the company had no capital commitments. (2017 - nil)

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2017 - £40,000) were paid to the director .

During the year under review as in the previous year, the company was under the control of Mr Alan Trail,
director. Included within creditors is a balance due to Alan Trail, amounting to £74,346 (2017 - £77,797) This
balance has no fixed repayment date and no interest is charged thereon. Rental payments of £5,760 (2017 -
£5,760) were made to Alan Trail in respect of the premises occupied.