Abbreviated Company Accounts - AYRSHIRE CHIMNEY SERVICES LTD

AYRSHIRE CHIMNEY SERVICES LTD - Company Information

SC443105 AYRSHIRE CHIMNEY SERVICES LTD 2016-05-31 false 2015-06-01 2016-05-31 true SC443105 2015-06-01 2016-05-31 SC443105 2016-05-31 SC443105 2015-05-31 SC443105 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 SC443105 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number SC443105

AYRSHIRE CHIMNEY SERVICES LTD

Abbreviated Accounts

31 May 2016

AYRSHIRE CHIMNEY SERVICES LTD Registered Number SC443105

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	48,000	64,000
Tangible assets	3	27,131	36,228
		75,131	100,228
Current assets
Stocks		1,000	1,800
Debtors	4	3,250	270
Cash at bank and in hand		32,815	14,549
		37,065	16,619
Prepayments and accrued income		1,106	594
Creditors: amounts falling due within one year	5	(26,129)	(19,706)
Net current assets (liabilities)		12,042	(2,493)
Total assets less current liabilities		87,173	97,735
Creditors: amounts falling due after more than one year	5	(61,746)	(73,205)
Accruals and deferred income		(13,060)	(7,679)
Total net assets (liabilities)		12,367	16,851
Capital and reserves
Called up share capital	6	120	120
Profit and loss account		12,247	16,731
Shareholders' funds		12,367	16,851

For the year ending 31 May 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 28 February 2017

And signed on their behalf by:
James Fergus McNish, Director

AYRSHIRE CHIMNEY SERVICES LTD Registered Number SC443105

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

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.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible assets , at varying rates calculated to write off the cost of each asset over its expected useful life

Intangible assets amortisation policy
Goodwill is shown at its current value at 31/05/16

Other accounting policies
Stocks - stated as per directors valuation at the lower of cost or net realiseable value

2Intangible fixed assets

	£
Cost
At 1 June 2015	80,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	80,000
Amortisation
At 1 June 2015	16,000
Charge for the year	16,000
On disposals	-
At 31 May 2016	32,000
Net book values
At 31 May 2016	48,000
At 31 May 2015	64,000

Goodwill has been amortised to reflect the current value at 31/05/16

3Tangible fixed assets

	£
Cost
At 1 June 2015	45,419
Additions	399
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	45,818
Depreciation
At 1 June 2015	9,191
Charge for the year	9,496
On disposals	-
At 31 May 2016	18,687
Net book values
At 31 May 2016	27,131
At 31 May 2015	36,228

Depreciation is provided at the following annual rates of 20% and 25% in order to write off each asset over its estimated useful life

4Debtors

Debtors noted relates to sales invoices raised which have yet to be paid.
These debts were received after 31/05/206

5Creditors

	2016 £	2015 £
Secured Debts	61,746	73,205

6Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
120 Ordinary shares of £1 each	120	120