Capital Letters (Stirling) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC173258 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Capital Letters (Stirling) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs J Muirhead

SECRETARY:

J Muirhead

REGISTERED OFFICE:

505 Great Western Road

Glasgow

G12 8HN

REGISTERED NUMBER:

SC173258 (Scotland)

ACCOUNTANTS:

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

FIXED ASSETS

Tangible assets

2

53,264

52,480

CURRENT ASSETS

Cash at bank

166,289

132,757

CREDITORS

Amounts falling due within one year

3

107,302

91,148

NET CURRENT ASSETS

58,987

41,609

TOTAL ASSETS LESS CURRENT LIABILITIES

112,251

94,089

CREDITORS

Amounts falling due after more than one year

3

(17,737

)

(22,810

)

PROVISIONS FOR LIABILITIES

(3,075

)

(2,500

)

NET ASSETS

91,439

68,779

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

91,437

68,777

SHAREHOLDERS' FUNDS

91,439

68,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 23 June 2015 and were signed by:

Mrs J Muirhead - 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).

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 is the amount receivable for the provision of goods and services falling within the company's ordinary

activities, excluding value added tax. Revenue is recognised in the period that the service relates to.

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.

Freehold property

-

not provided

Improvements to property

-

15% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more

tax, or a right to pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there

will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured tax rates that are expected to apply in the periods in which timing differences reverse,

based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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.

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

At 1 April 2014

87,223

Additions

4,910

At 31 March 2015

92,133

DEPRECIATION

At 1 April 2014

34,743

Charge for year

4,126

At 31 March 2015

38,869

NET BOOK VALUE

At 31 March 2015

53,264

At 31 March 2014

52,480

3.

CREDITORS

Creditors include an amount of £ 22,722 (31.3.14 - £ 28,221 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable by instalments

2,912

6,706

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2