Moidart Capital Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC351074 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Moidart Capital Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Stewart Howitt

REGISTERED OFFICE:

6 Logie Mill

Beaverbank Business Park

Edinburgh

Lothian

EH7 4HG

REGISTERED NUMBER:

SC351074 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

CURRENT ASSETS

Debtors

11,439

22,641

Cash at bank

7,125

3,873

18,564

26,514

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

10,390

29,698

NET CURRENT ASSETS/(LIABILITIES)

8,174

(3,184

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,174

(3,184

)

CAPITAL AND RESERVES

Called up share capital

2

1

Profit and loss account

8,173

(3,185

)

SHAREHOLDERS' FUNDS

8,174

(3,184

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 7 December 2016 and were signed by:

D Stewart Howitt - 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).

The accounts have been prepared on the going concern basis, the acceptability of which is dependent on the

continuing support of the company's creditors.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

D Stewart Howitt

Balance outstanding at start of year

19,360

30,361

Amounts advanced

21,037

16,775

Amounts repaid

(35,345

)

(27,776

)

Balance outstanding at end of year

5,052

19,360