Dee Valley (Hiring) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC066743 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

DEE VALLEY (HIRING) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

I A Garioch

SECRETARY:

Peterkins

REGISTERED OFFICE:

100 Union Street

ABERDEEN

AB10 1QR

REGISTERED NUMBER:

SC066743 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon Accord Square

ABERDEEN

AB11 6YL

BANKERS:

Bank of Scotland

39 Albyn Place

ABERDEEN

AB10 1YN

FIXED ASSETS

Tangible assets

2

148,077

169,927

Investments

3

1,007,990

963,003

1,156,067

1,132,930

CURRENT ASSETS

Stocks

2,000

Debtors

24,499

35,578

Cash at bank

396,901

286,722

423,400

324,300

CREDITORS

Amounts falling due within one year

36,962

30,417

NET CURRENT ASSETS

386,438

293,883

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,542,505

1,426,813

PROVISIONS FOR LIABILITIES

25,030

29,400

NET ASSETS

1,517,475

1,397,413

CAPITAL AND RESERVES

Called up share capital

4

50

Profit and loss account

1,517,425

1,397,363

SHAREHOLDERS' FUNDS

1,517,475

1,397,413

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 19 December 2016 and were signed by:

I A Garioch - 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 goods, 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.

Freehold property

-

not provided

Plant and machinery

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company

has entered into a binding agreement to sell the assets and recognised the gains and losses expected to arise on sale,

or where assets have been sold and it is expected that the taxable gain will be rolled over into a replacement asset.

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.

Where zero depreciation of freehold buildings is appropriate

Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining useful

life by equal annual instalments. Where buildings are maintained to such a standard that their residual value is not

less than their cost or valuation, no depreciation is charged as it is not material.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

569,837

Additions

11,000

Disposals

(13,274

)

At 31 March 2016

567,563

DEPRECIATION

At 1 April 2015

399,910

Charge for year

30,630

Eliminated on disposal

(11,054

)

At 31 March 2016

419,486

NET BOOK VALUE

At 31 March 2016

148,077

At 31 March 2015

169,927

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

963,003

Additions

44,987

At 31 March 2016

1,007,990

NET BOOK VALUE

At 31 March 2016

1,007,990

At 31 March 2015

963,003

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Silver Ladies Caravan Park

Nature of business: Caravan park

%

Class of shares:

holding

Partnership capital account

50.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary

£1

50

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Dee Valley (Hiring) Limited for the year ended 31 March 2016 which comprise the Profit and Loss Account,

the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Dee Valley (Hiring) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dee Valley (Hiring) Limited and state those matters that we have agreed to state to the director of Dee Valley (Hiring) Limited in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Dee Valley (Hiring) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dee Valley (Hiring) Limited. You consider that Dee Valley (Hiring) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dee Valley (Hiring) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon Accord Square

ABERDEEN

AB11 6YL

19 December 2016