Cameron Intellectual Property Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC393025 (Scotland)

Abbreviated Accounts for the Year Ended 28 February 2015

for

Cameron Intellectual Property Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

S D Cameron

S D McIlroy

REGISTERED OFFICE:

69 St. Vincent Street

Glasgow

G2 5TF

REGISTERED NUMBER:

SC393025 (Scotland)

ACCOUNTANTS:

GHG Smyth & Co. Limited

Mid Clevans

Clevans Road

Bridge of Weir

Renfrewshire

PA11 3HP

FIXED ASSETS

Tangible assets

2

5,885

6,088

CURRENT ASSETS

Stocks

17,367

7,040

Debtors

60,549

66,345

Cash at bank and in hand

45,353

43,029

123,269

116,414

CREDITORS

Amounts falling due within one year

61,081

55,178

NET CURRENT ASSETS

62,188

61,236

TOTAL ASSETS LESS CURRENT LIABILITIES

68,073

67,324

PROVISIONS FOR LIABILITIES

1,177

-

NET ASSETS

66,896

67,324

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

66,796

67,224

SHAREHOLDERS' FUNDS

66,896

67,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 27 May 2015 and were signed on its behalf by:

S D Cameron - Director

S D McIlroy - 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 and discounts, of services provided

to customers.

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

-

20% 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.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the profit and loss account in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

Rental income

Rental income is credited to the profit and loss account when received.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

9,494

Additions

2,138

At 28 February 2015

11,632

DEPRECIATION

At 1 March 2014

3,406

Charge for year

2,341

At 28 February 2015

5,747

NET BOOK VALUE

At 28 February 2015

5,885

At 28 February 2014

6,088

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

80

Ordinary A

£1

80

100

20

Ordinary B

£1

20

-

100

100

4.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the ultimate controlling party is S D Cameron by virtue of his majority

shareholding.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cameron Intellectual Property Ltd for the year ended 28 February 2015 which comprise the

Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Cameron Intellectual Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cameron Intellectual Property Ltd and state those matters that we have agreed to state to the Board of Directors of Cameron Intellectual Property Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cameron Intellectual Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cameron Intellectual Property Ltd. You consider that Cameron Intellectual Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cameron Intellectual

Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

GHG Smyth & Co. Limited

Mid Clevans

Clevans Road

Bridge of Weir

Renfrewshire

PA11 3HP

1 June 2015