PERFECT HARMONY (SCOTLAND) L - Accounts 2014


Registered number: SC273555






Perfect Harmony (Scotland) Ltd


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30/09/2014
























Prepared By:
Cass N Co Ltd
Accountants
18
Mallpark Road
Montrose
Angus
DD10 8NS


Perfect Harmony (Scotland) Ltd


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/09/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is SC273555


Registered Number: SC273555

BALANCE SHEET AT 30/09/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Intangible assets	2		10,000		10,000
Tangible assets	3		163		217

			10,163		10,217

CURRENT ASSETS
Stock		6,003		2,700
Debtors (amounts falling due within one year)	4	1,081		-
Cash at bank and in hand		5,274		3,797
		12,358		6,497
CREDITORS: Amounts falling due within one year		2,519		1,738
NET CURRENT ASSETS			9,839		4,759
TOTAL ASSETS LESS CURRENT LIABILITIES			20,002		14,976

CAPITAL AND RESERVES

Profit and loss account			20,002		14,976
SHAREHOLDERS' FUNDS			20,002		14,976

For the year ending 30/09/2014 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 22/01/2015 and signed on their behalf by




Arlene Goodwin
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2014	2013
	£	£

Amounts falling due within one year:
Other debtors	1,081	-
	1,081	-