Adamson Engineering Consultancy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC355547 (Scotland)

Abbreviated Accounts for the Year Ended 29 February 2016

for

Adamson Engineering Consultancy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Adamson

SECRETARY:

Mrs S J Adamson

REGISTERED OFFICE:

11 Slug Road

Stonehaven

ABERDEENSHIRE

AB39 2EX

REGISTERED NUMBER:

SC355547 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

2

351

793

CURRENT ASSETS

Debtors

12,478

52,367

Cash at bank

46,881

51,175

59,359

103,542

CREDITORS

Amounts falling due within one year

26,516

40,718

NET CURRENT ASSETS

32,843

62,824

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,194

63,617

PROVISIONS FOR LIABILITIES

70

159

NET ASSETS

33,124

63,458

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

33,114

63,448

SHAREHOLDERS' FUNDS

33,124

63,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 1 November 2016 and were signed by:

G Adamson - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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 etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

2,692

DEPRECIATION

At 1 March 2015

1,899

Charge for year

442

At 29 February 2016

2,341

NET BOOK VALUE

At 29 February 2016

351

At 28 February 2015

793

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

10

Ordinary

£1

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and

28 February 2015:

29.2.16

28.2.15

£

G Adamson

Balance outstanding at start of year

-

8,000

Amounts advanced

26,500

12,000

Amounts repaid

(26,500

)

(20,000

)

Balance outstanding at end of year

-

Interest is charged on loan at HMRC approved rates.