Jack Gowans & Marc Dickson - Abbreviated accounts 16.3

Jack Gowans & Marc Dickson - Abbreviated accounts 16.3

JACK GOWANS & MARC DICKSON SOLICITORS & NOTARIES LTD. - Company Information

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REGISTERED NUMBER: SC344298 (Scotland)















Abbreviated Accounts for the Year Ended 31 August 2016

for

Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd

Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd (Registered number: SC344298)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd

Company Information
for the Year Ended 31 August 2016







DIRECTORS: M Dickson
Ms J Simpson





REGISTERED OFFICE: 46 Church Street
Inverness
IV1 1EH





REGISTERED NUMBER: SC344298 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA
Page 1
Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd (Registered number: SC344298)

Abbreviated Balance Sheet
31 August 2016

31.8.16 31.8.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 9,500 14,250
Tangible assets 3 3,590 5,358
13,090 19,608

CURRENT ASSETS
Debtors 48,787 80,865
Cash at bank and in hand 252,152 249,309
300,939 330,174
CREDITORS
Amounts falling due within one year 97,458 126,746
NET CURRENT ASSETS 203,481 203,428
TOTAL ASSETS LESS CURRENT
LIABILITIES
216,571
223,036

PROVISIONS FOR LIABILITIES 540 855
NET ASSETS 216,031 222,181

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and Loss Account 215,031 221,181
SHAREHOLDERS' FUNDS 216,031 222,181

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd (Registered number: SC344298)

Abbreviated Balance Sheet - continued
31 August 2016


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 Board of Directors on 19 January 2017 and were signed on its behalf by:





Ms J Simpson - Director


The notes form part of these abbreviated accounts

Page 3
Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd (Registered number: SC344298)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 2016

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, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment & Fittings - 33% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 47,500
AMORTISATION
At 1 September 2015 33,250
Amortisation for year 4,750
At 31 August 2016 38,000
NET BOOK VALUE

At 31 August 2016 9,500
At 31 August 2015 14,250

Page 4 continued...
Jack Gowans & Marc Dickson
Solicitors and Notaries Ltd (Registered number: SC344298)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 29,458
DEPRECIATION
At 1 September 2015 24,100
Charge for year 1,768
At 31 August 2016 25,868
NET BOOK VALUE
At 31 August 2016 3,590
At 31 August 2015 5,358

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.16 31.8.15
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 5