Abbreviated Company Accounts - TA MILLARD (SCOTLAND) LTD.

TA MILLARD (SCOTLAND) LTD. - Company Information

SC220557 TA MILLARD (SCOTLAND) LTD. 2013-10-31 false 2012-11-01 2013-10-31 true SC220557 2012-11-01 2013-10-31 SC220557 2013-10-31 SC220557 2012-10-31 SC220557 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 SC220557 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number SC220557

TA MILLARD (SCOTLAND) LTD.

Abbreviated Accounts

31 October 2013

TA MILLARD (SCOTLAND) LTD. Registered Number SC220557

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	41,902	50,708
		41,902	50,708
Current assets
Stocks		393,803	397,325
Debtors		199,788	197,114
Cash at bank and in hand		100	32,364
		593,691	626,803
Creditors: amounts falling due within one year		(457,792)	(464,433)
Net current assets (liabilities)		135,899	162,370
Total assets less current liabilities		177,801	213,078
Creditors: amounts falling due after more than one year		(18,750)	-
Total net assets (liabilities)		159,051	213,078
Capital and reserves
Called up share capital	4	95,579	95,579
Share premium account		20,901	20,901
Profit and loss account		42,571	96,598
Shareholders' funds		159,051	213,078

For the year ending 31 October 2013 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 30 July 2014

And signed on their behalf by:
Mr K Pirie, Director

TA MILLARD (SCOTLAND) LTD. Registered Number SC220557

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Tenants Improvements - 10% and 25% Straight line
Plant & Machinery - 10% and 25% Straight line
Fixtures & Fittings - 25% Straight line
Equipment - 25% Straight line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 5.5%

Valuation information and policy
Work in Progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Other accounting policies
Hire Purchase Agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

2Intangible fixed assets

	£
Cost
At 1 November 2012	18,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	18,000
Amortisation
At 1 November 2012	18,000
Charge for the year	-
On disposals	-
At 31 October 2013	18,000
Net book values
At 31 October 2013	0
At 31 October 2012	0

3Tangible fixed assets

	£
Cost
At 1 November 2012	268,885
Additions	1,846
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	270,731
Depreciation
At 1 November 2012	218,177
Charge for the year	10,652
On disposals	-
At 31 October 2013	228,829
Net book values
At 31 October 2013	41,902
At 31 October 2012	50,708

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
95,579 Ordinary shares of £1 each	95,579	95,579

The ultimate parent undertaking is Seabraes Limited, a company incorporated in Scotland.