Arconnon Motors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC240126 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

Arconnon Motors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D G Reid

SECRETARY:

Add Accountancy Limited

REGISTERED OFFICE:

6 Market Square

OLDMELDRUM

Aberdeenshire

AB51 0AA

REGISTERED NUMBER:

SC240126 (Scotland)

ACCOUNTANTS:

Add Accountancy Limited

6 Market Square

OLDMELDRUM

Aberdeenshire

AB51 0AA

FIXED ASSETS

Tangible assets

2

3,567

1,253

CURRENT ASSETS

Stocks

875

907

Debtors

-

2,024

Cash at bank

132,688

102,013

133,563

104,944

CREDITORS

Amounts falling due within one year

34,712

27,384

NET CURRENT ASSETS

98,851

77,560

TOTAL ASSETS LESS CURRENT LIABILITIES

102,418

78,813

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

102,417

78,812

SHAREHOLDERS' FUNDS

102,418

78,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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.

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 31 August 2015 and were signed by:

D G Reid - 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

-

25% on reducing balance

Motor vehicles

-

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.

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

At 1 December 2013

9,298

Additions

3,503

At 30 November 2014

12,801

DEPRECIATION

At 1 December 2013

8,045

Charge for year

1,189

At 30 November 2014

9,234

NET BOOK VALUE

At 30 November 2014

3,567

At 30 November 2013

1,253

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

Ordinary

£1

1

1