Ristol Limited Small abbreviated accounts

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COMPANY REGISTRATION NUMBER SC321813

Ristol Limited

Unaudited Abbreviated Accounts

For the Year Ended

30 June 2015

THE A9 PARTNERSHIP LIMITED

Chartered Accountants

57-59 High Street

Dunblane

Perthshire

FK15 0EE

Ristol Limited

Abbreviated Balance Sheet

30 June 2015

	2015	2014
Note	£	£	£

CURRENT ASSETS

Stocks	-		9,589
Debtors	46,005		252,646
Cash at bank and in hand	9		9
	--------		---------
	46,014		262,244
CREDITORS: Amounts falling due within one year	2	2,271,187		2,197,913
		------------		------------
NET CURRENT LIABILITIES		( 2,225,173)	( 1,935,669)
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		( 2,225,173)	( 1,935,669)

CREDITORS: Amounts falling due after more than one year	44,475	101,442
	------------	------------
	( 2,269,648)	( 2,037,111)
	------------	------------

CAPITAL AND RESERVES

Called up equity share capital	3		20,000	20,000
Profit and loss account		( 2,289,648)	( 2,057,111)
		------------	------------
DEFICIT		( 2,269,648)	( 2,037,111)
		------------	------------

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 22 December 2015 , and are signed on their behalf by:

Mark Richardson Director

Company Registration Number: SC321813

Ristol Limited

Notes to the Abbreviated Accounts

Year Ended 30 June 2015

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Going Concern At 30 June 2015, the balance sheet showed a net deficit of £2,269,648 (2014 - £2,037,111). The directors and shareholders have provided assurances of their continued support for the company. Terms and facilities agreed with lenders indicate that the company's lenders are prepared to support the company, and the additional loans and guarantees made by Tulliemet Ltd, a company of which James Troughton is a director, has enabled the company to reduce its bank borrowings significantly. Therefore, the financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

Turnover

For consultancy income, the turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT, with an adjustment made for work which had been performed but not invoiced at the balance sheet date. For house sales income, the turnover shown in the profit and loss account represents sales for which transactions have been concluded in the year.

Fixed assets

All fixed assets are initially recorded at cost.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred taxation

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, or a right to pay less or to receive more tax, with the following exceptions: provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold; provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable; deferred tax assets are recognised only to the extent that the directors consider that it is 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 on a discounted/an undiscounted basis at the 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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2. CREDITORS: Amounts falling due within one year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2015	2014
	£	£
Bank loans and overdrafts	465,169	554,294
	---------	---------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No	£	No	£
Ordinary shares of £ 1 each	20,000	20,000	20,000	20,000
	--------	--------	--------	--------