BELL_AND_CRAIG_LIMITED - Accounts

BELL AND CRAIG LIMITED - Company Information

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Company Registration No. SC402617 (Scotland)

BELL AND CRAIG LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BELL AND CRAIG LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BELL AND CRAIG LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

252,000

288,000

Tangible assets

26,022

30,649

278,022

318,649

Current assets

Stocks

16,750

12,000

Debtors

50,598

90,548

Cash at bank and in hand

2,786,766

1,923,646

2,854,114

2,026,194

Creditors: amounts falling due within one year

(2,946,413)

(2,180,995)

Net current liabilities

(92,299)

(154,801)

Total assets less current liabilities

185,723

163,848

Provisions for liabilities

(1,335)

184,388

163,848

Capital and reserves

Called up share capital

100

Profit and loss account

184,288

163,846

Shareholders' funds

184,388

163,848

BELL AND CRAIG LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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 August 2016

Mr F C Bell

Mr G H Craig

Director

Company Registration No. SC402617

BELL AND CRAIG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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 January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Improvements to property

No depreciation

Plant and machinery

25% on reducing balance

Fixtures, fittings & equipment

25% on reducing balance

Computer Equipment

33% on cost

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015 & at 31 March 2016

360,000

39,711

399,711

Depreciation

At 1 April 2015

72,000

9,060

81,060

Charge for the year

36,000

4,629

40,629

At 31 March 2016

108,000

13,689

121,689

Net book value

At 31 March 2016

252,000

26,022

278,022

At 31 March 2015

288,000

30,649

318,649

BELL AND CRAIG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100