Berryhill Blacksmiths Ltd. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC253180 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

BERRYHILL BLACKSMITHS LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C A Paton

SECRETARY:

M Paton

REGISTERED OFFICE:

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

REGISTERED NUMBER:

SC253180 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

FIXED ASSETS

Tangible assets

2

10,900

10,828

CURRENT ASSETS

Stocks

450

490

Debtors

7,243

9,933

Cash at bank

32,599

23,195

40,292

33,618

CREDITORS

Amounts falling due within one year

5,668

2,763

NET CURRENT ASSETS

34,624

30,855

TOTAL ASSETS LESS CURRENT LIABILITIES

45,524

41,683

CREDITORS

Amounts falling due after more than one year

(20,020

)

(8,349

)

PROVISIONS FOR LIABILITIES

(1,885

)

(1,807

)

NET ASSETS

23,619

31,527

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

23,618

31,526

SHAREHOLDERS' FUNDS

23,619

31,527

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 21 February 2016 and were signed by:

C A Paton - 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

-

15% on reducing balance

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

26,916

Additions

2,000

At 31 July 2015

28,916

DEPRECIATION

At 1 August 2014

16,088

Charge for year

1,928

At 31 July 2015

18,016

NET BOOK VALUE

At 31 July 2015

10,900

At 31 July 2014

10,828

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1