Croileagan Nurseries Ltd - Period Ending 2015-09-30

Registration number: SC288750

Croileagan Nurseries Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Glen Drummond CA Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

Croileagan Nurseries Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Croileagan Nurseries Ltd
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Croileagan Nurseries Ltd for the year ended 30 September 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. 2 to 4

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Croileagan Nurseries Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Croileagan Nurseries Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Institue of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Croileagan Nurseries Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Croileagan Nurseries Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Croileagan Nurseries Ltd. You consider that Croileagan Nurseries Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Croileagan Nurseries Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

......................................

Glen Drummond CA Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
West Lothian
EH54 6AX

30 May 2016

Page 1

Croileagan Nurseries Ltd
(Registration number: SC288750)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					52,258			65,912
Current assets
Debtors					6,671			5,854
Cash at bank and in hand					5,823			2,203
					12,494			8,057
Creditors: Amounts falling due within one year					(34,732)			(43,772)
Net current liabilities					(22,238)			(35,715)
Total assets less current liabilities					30,020			30,197
Provisions for liabilities					(621)			(407)
Net assets					29,399			29,790
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					29,299			29,690
Shareholders' funds					29,399			29,790

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the Board on 30 May 2016 and signed on its behalf by:

.........................................
Mr J Boyd Murdoch
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Croileagan Nurseries Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Tennant improvements	10% straight line
Play equipment and office equipment	15% and 20% straight line
Fixtures and fittings	15% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Croileagan Nurseries Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		160,242			160,242
Additions		2,803			2,803
At 30 September 2015		163,045			163,045
Depreciation
At 1 October 2014		94,330			94,330
Charge for the year		16,457			16,457
At 30 September 2015		110,787			110,787
Net book value
At 30 September 2015		52,258			52,258
At 30 September 2014		65,912			65,912

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by Wee Gems Holding Limited. The ultimate controlling party is Mahyar Mortazavi .

Page 4