Company Registration No. SC333423 (Scotland)
ACE STRUCTURAL DRAUGHTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
ACE STRUCTURAL DRAUGHTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ACE STRUCTURAL DRAUGHTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
90,000
97,500
Tangible assets
2
1,276
2,699
91,276
100,199
Current assets
Debtors
52,704
39,744
Cash at bank and in hand
37,402
25,212
90,106
64,956
Creditors: amounts falling due within one year
(146,467)
(159,705)
Net current liabilities
(56,361)
(94,749)
Total assets less current liabilities
34,915
5,450
Capital and reserves
Called up share capital
3
300
300
Profit and loss account
34,615
5,150
Shareholders' funds
34,915
5,450
For the financial year ended 30 November 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 10 June 2016
B W Pitkethley
Director
Company Registration No. SC333423
ACE STRUCTURAL DRAUGHTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
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).
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:
Computer equipment
33.3% Straight Line
Fixtures, fittings & equipment
15% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 December 2014
150,000
25,383
175,383
Additions
-
911
911
At 30 November 2015
150,000
26,294
176,294
Depreciation
At 1 December 2014
52,500
22,683
75,183
Charge for the year
7,500
2,335
9,835
At 30 November 2015
60,000
25,018
85,018
Net book value
At 30 November 2015
90,000
1,276
91,276
At 30 November 2014
97,500
2,699
100,199
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
300 Ordinary Shares of £1 each
300
300
2015-11-302014-12-01falsetruetruetruetruetruetmp3B0.html2016-08-02SC3334232014-12-012015-11-30SC3334232015-11-30SC3334232014-11-30SC3334232014-11-30SC333423uk-bus:CompanySecretaryDirector2014-12-012015-11-30SC333423uk-gaap:ComputerEquipment2014-12-012015-11-30SC333423uk-gaap:FixturesFittingsToolsEquipment2014-12-012015-11-30SC333423uk-bus:OrdinaryShareClass12014-12-012015-11-30SC333423uk-bus:OrdinaryShareClass12015-11-30SC333423uk-bus:OrdinaryShareClass12014-11-30xbrli:purexbrli:sharesiso4217:GBP
