Abbreviated Company Accounts - SCOT - LEASING LIMITED

Abbreviated Company Accounts - SCOT - LEASING LIMITED


Registered Number SC117260

SCOT - LEASING LIMITED

Abbreviated Accounts

31 March 2016

SCOT - LEASING LIMITED Registered Number SC117260

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 1,874,556 1,866,297
1,874,556 1,866,297
Current assets
Debtors 4,946 7,276
Investments 473,904 437,161
Cash at bank and in hand 9,094 85,143
487,944 529,580
Creditors: amounts falling due within one year (22,164) (16,503)
Net current assets (liabilities) 465,780 513,077
Total assets less current liabilities 2,340,336 2,379,374
Creditors: amounts falling due after more than one year (2,929,108) (3,028,619)
Total net assets (liabilities) (588,772) (649,245)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (588,774) (649,247)
Shareholders' funds (588,772) (649,245)
  • For the year ending 31 March 2016 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 31 March 2016

And signed on their behalf by:
Ronald Russell, Director

SCOT - LEASING LIMITED Registered Number SC117260

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 2,135,057
Additions 52,000
Disposals -
Revaluations -
Transfers -
At 31 March 2016 2,187,057
Depreciation
At 1 April 2015 268,760
Charge for the year 43,741
On disposals -
At 31 March 2016 312,501
Net book values
At 31 March 2016 1,874,556
At 31 March 2015 1,866,297
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2Ordinary shares of £1 each 2 2