Alasdair Cameron Limited - Limited company - abbreviated - 11.9

ALASDAIR CAMERON LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A F E Cameron

Mrs V Cameron

SECRETARY:

R D Diggle

REGISTERED OFFICE:

Unit 1

69 St Marks Road

London

W10 6JG

REGISTERED NUMBER:

04797283 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Intangible assets

2

2,600

2,800

Tangible assets

3

23,996

7,132

26,596

9,932

CURRENT ASSETS

Stocks

19,005

14,106

Debtors

173,815

152,099

Cash at bank and in hand

23,798

1,497

216,618

167,702

CREDITORS

Amounts falling due within one year

213,768

171,329

NET CURRENT ASSETS/(LIABILITIES)

2,850

(3,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,446

6,305

CREDITORS

Amounts falling due after more than one year

(14,925

)

-

PROVISIONS FOR LIABILITIES

(1,404

)

(894

)

NET ASSETS

13,117

5,411

CAPITAL AND RESERVES

Called up share capital

4

33,100

33,100

Profit and loss account

(19,983

)

(27,689

)

SHAREHOLDERS' FUNDS

13,117

5,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 March 2016 and were signed on its behalf by:

A F E Cameron - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty five years.

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.

Plant and machinery etc

-

33% on reducing balance, 33% on cost and 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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

5,000

AMORTISATION

At 1 July 2014

2,200

Amortisation for year

200

At 30 June 2015

2,400

NET BOOK VALUE

At 30 June 2015

2,600

At 30 June 2014

2,800

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

35,339

Additions

26,640

At 30 June 2015

61,979

DEPRECIATION

At 1 July 2014

28,207

Charge for year

9,776

At 30 June 2015

37,983

NET BOOK VALUE

At 30 June 2015

23,996

At 30 June 2014

7,132

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

33,000

Share capital 2

£1

33,000

33,000

33,100

33,100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2015 and

30 June 2014:

2015

2014

£

£

A F E Cameron

Balance outstanding at start of year

1,000

(500

)

Amounts advanced

-

1,500

Amounts repaid

(10,130

)

-

Balance outstanding at end of year

(9,130

)

1,000

R D Diggle

Balance outstanding at start of year

18,062

34,562

Amounts repaid

(18,062

)

(16,500

)

Balance outstanding at end of year

-

18,062