ABB-PMS Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC453904 (Scotland)

Abbreviated Unaudited Accounts

for the Period 5 July 2013 to 31 July 2014

for

ABB-PMS Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A I Bruce

Mrs B R Bruce

REGISTERED OFFICE:

Drymuir

Maud

Peterhead

Aberdeenshire

AB42 5RS

REGISTERED NUMBER:

SC453904 (Scotland)

ACCOUNTANTS:

J M TAYLOR

7 Ythan Terrace

Ellon

Aberdeenshire

AB41 9LJ

FIXED ASSETS

Tangible assets

2

13,414

CURRENT ASSETS

Debtors

5,472

Cash at bank

70,775

76,247

CREDITORS

Amounts falling due within one year

42,488

NET CURRENT ASSETS

33,759

TOTAL ASSETS LESS CURRENT LIABILITIES

47,173

PROVISIONS FOR LIABILITIES

2,469

NET ASSETS

44,704

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

44,604

SHAREHOLDERS' FUNDS

44,704

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 1 April 2015 and were signed on its behalf by:

A I Bruce - 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).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc

-

50% on cost and 33% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

20,512

At 31 July 2014

20,512

DEPRECIATION

Charge for period

7,098

At 31 July 2014

7,098

NET BOOK VALUE

At 31 July 2014

13,414

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1.00

100

4.	RELATED PARTY DISCLOSURES

During the year the directors Mr Alexander Bruce and Mrs Betsy Bruce advanced the company net amounts

totalling £4,482. This amount remained outstanding at 31/07/2014 and is included within other creditors in the

notes to the accounts.

During the period the directors received net dividends totalling £70,336 from the company as follows.

Alexander Bruce

- £49,000

Betsy Bruce

- £21,336

5.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director Mr Alexander Bruce by virtue of his majority 60%

holding in the ordinary share capital of the company.