AH&Co Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC430923 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2016

for

AH&Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P F W Mannings

S L Wilson

REGISTERED OFFICE:

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

REGISTERED NUMBER:

SC430923 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

2

448,933

475,340

Tangible assets

3

13,357

16,557

462,290

491,897

CURRENT ASSETS

Stocks

45,891

60,157

Debtors

58,381

65,561

Cash at bank and in hand

18,014

5,990

122,286

131,708

CREDITORS

Amounts falling due within one year

(559,818

)

(529,790

)

NET CURRENT LIABILITIES

(437,532

)

(398,082

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,758

93,815

PROVISIONS FOR LIABILITIES

(2,294

)

(2,851

)

NET ASSETS

22,464

90,964

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

22,364

90,864

SHAREHOLDERS' FUNDS

22,464

90,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 24 January 2017 and were signed on its behalf by:

P F W Mannings - Director

S L Wilson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis on the assumption that the company will

continue to receive the support of the directors.

Accounting convention

The financial statements have been prepared have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

528,154

AMORTISATION

At 1 May 2015

52,814

Amortisation for year

26,407

At 30 April 2016

79,221

NET BOOK VALUE

At 30 April 2016

448,933

At 30 April 2015

475,340

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

25,474

Additions

4,181

At 30 April 2016

29,655

DEPRECIATION

At 1 May 2015

8,917

Charge for year

7,381

At 30 April 2016

16,298

NET BOOK VALUE

At 30 April 2016

13,357

At 30 April 2015

16,557

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

1

100