ASTON_HORTICULTURE_LIMITE - Accounts

ASTON HORTICULTURE LIMITED - Company Information

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ASTON HORTICULTURE LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2015

Company Registration No. SC170927 (Scotland)

ASTON HORTICULTURE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ASTON HORTICULTURE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2013

Notes

Fixed assets

Intangible assets

70,404

Tangible assets

37,341

107,745

Current assets

Stocks

121,853

Debtors

421

19,899

Cash at bank and in hand

53,347

353

53,768

142,105

Creditors: amounts falling due within one year

(17,238)

(45,059)

Net current assets

36,530

97,046

Total assets less current liabilities

36,530

204,791

Creditors: amounts falling due after more than one year

(13,308)

Provisions for liabilities

(6,400)

36,530

185,083

Capital and reserves

Called up share capital

240,797

Share premium account

40,926

Profit and loss account

(245,193)

(96,640)

Shareholders' funds

36,530

185,083

ASTON HORTICULTURE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2015

- 2 -

For the financial period ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 August 2015

V A Dalton

Director

Company Registration No. SC170927

ASTON HORTICULTURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company ceased trading on 30 April 2015. The intention is for the company to be wound up.

As a result, these financial statements are prepared on a basis other than that of going concern.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Tenants improvements

10% straight line

Plant, equipment and fixtures

15% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.6

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences are differences between the taxable profits and the results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences can be deducted.

Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding agreement to sell the revalued assets and the asset has been revalued to selling price. Neither is deferred tax recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being charged to tax only if and when the replacement assets are sold.

Deferred tax is measured on a non-discounted basis.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

ASTON HORTICULTURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 APRIL 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2013

88,125

55,274

143,399

Additions

382

Disposals

(88,125)

(55,656)

(143,781)

At 30 April 2015

Depreciation

At 1 November 2013

17,721

17,933

35,654

On disposals

(88,125)

(25,978)

(114,103)

Charge for the period

70,404

8,045

78,449

At 30 April 2015

Net book value

At 30 April 2015

At 31 October 2013

70,404

37,341

107,745

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £5,041).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £13,308).

Share capital

2015

2013

Allotted, called up and fully paid

240,797 Ordinary shares of £1 each

240,797