Findlay Brown Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC377091 (Scotland)

Abbreviated Accounts for the Year Ended 31 July 2016

for

Findlay Brown Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

F. F. Brown FCCA

REGISTERED OFFICE:

53 Huntly Street

Aberdeen

AB10 1TH

REGISTERED NUMBER:

SC377091 (Scotland)

ACCOUNTANTS:

Findlay Brown Ltd

53 Huntly Street

Aberdeen

AB10 1TH

FIXED ASSETS

Intangible assets

2

140,000

150,000

Tangible assets

3

8,265

11,615

148,265

161,615

CURRENT ASSETS

Debtors

45,593

48,174

Cash at bank and in hand

12,026

10,010

57,619

58,184

CREDITORS

Amounts falling due within one year

186,660

41,805

NET CURRENT (LIABILITIES)/ASSETS

(129,041

)

16,379

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,224

177,994

CREDITORS

Amounts falling due after more than one
year

-

158,989

NET ASSETS

19,224

19,005

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

19,214

18,995

SHAREHOLDERS' FUNDS

19,224

19,005

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

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

The director acknowledges his 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 director on 18 April 2017 and were signed by:

F. F. Brown FCCA - Director

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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

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 August 2015

and 31 July 2016

200,000

AMORTISATION

At 1 August 2015

50,000

Amortisation for year

10,000

At 31 July 2016

60,000

NET BOOK VALUE

At 31 July 2016

140,000

At 31 July 2015

150,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

28,724

Additions

141

Disposals

(6,000

)

At 31 July 2016

22,865

DEPRECIATION

At 1 August 2015

17,109

Charge for year

2,066

Eliminated on disposal

(4,575

)

At 31 July 2016

14,600

NET BOOK VALUE

At 31 July 2016

8,265

At 31 July 2015

11,615

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

10

Ordinary

£1

10