Abbreviated Company Accounts - A J W PROPERTIES (SCOTLAND) LIMITED

A J W PROPERTIES (SCOTLAND) LIMITED - Company Information

SC254914 A J W PROPERTIES (SCOTLAND) LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true SC254914 2015-04-01 2016-03-31 SC254914 2016-03-31 SC254914 2015-03-31 SC254914 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC254914 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number SC254914

A J W PROPERTIES (SCOTLAND) LIMITED

Abbreviated Accounts

31 March 2016

A J W PROPERTIES (SCOTLAND) LIMITED Registered Number SC254914

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	-	376,000
Tangible assets	3	-	8,074
Investments	4	360,052	-
		360,052	384,074
Current assets
Stocks		-	74,796
Debtors		101,362	219,204
Investments		-	-
Cash at bank and in hand		221,340	13,086
		322,702	307,086
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(28,131)	(76,647)
Net current assets (liabilities)		294,571	230,439
Total assets less current liabilities		654,623	614,513
Creditors: amounts falling due after more than one year		0	(16,721)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		654,623	597,792
Capital and reserves
Called up share capital	5	64,000	64,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		590,623	533,792
Shareholders' funds		654,623	597,792

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 22 December 2016

And signed on their behalf by:
Mr Neil Cuthbert, Director

A J W PROPERTIES (SCOTLAND) LIMITED Registered Number SC254914

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of optometry services provided, excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

S/Term Leasehold Property: 2% straight line
Plant & Machinery: 33.3% straight line
Office Equipment: 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Stocks
Stocks are values at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Intangible fixed assets

	£
Cost
At 1 April 2015	470,000
Additions	-
Disposals	(470,000)
Revaluations	-
Transfers	-
At 31 March 2016	0
Amortisation
At 1 April 2015	94,000
Charge for the year	47,000
On disposals	(141,000)
At 31 March 2016	0
Net book values
At 31 March 2016	0
At 31 March 2015	376,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	10,413
Additions	20,527
Disposals	(30,940)
Revaluations	-
Transfers	-
At 31 March 2016	0
Depreciation
At 1 April 2015	2,339
Charge for the year	820
On disposals	(3,159)
At 31 March 2016	0
Net book values
At 31 March 2016	0
At 31 March 2015	8,074

4Fixed assets Investments
Cost or valuation
At 1 April 2015: Nil
Additions: 360,052
At 31 March 2016: 360,052

Net book value
At 31 March 2016: 360,052
At 31 March 2015: Nil

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
64,000 Ordinary shares of £1 each	64,000	64,000

6Transactions with directors

Name of director receiving advance or credit:	Mr N and Mrs B Cuthbert
Description of the transaction:	Directors' Loan
Balance at 1 April 2015:	£ 181,813
Advances or credits made:	£ 180,399
Advances or credits repaid:	£ 260,850
Balance at 31 March 2016:	£ 101,362