Toni & Guy (Highlands) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC302472 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

TONI & GUY (HIGHLANDS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S D Tate

REGISTERED OFFICE:

373 Union Street

Aberdeen

AB11 6BT

REGISTERED NUMBER:

SC302472 (Scotland)

FIXED ASSETS

Intangible assets

2

1,083

1,624

Tangible assets

3

11,708

29,621

12,791

31,245

CURRENT ASSETS

Stocks

2,163

8,338

Debtors

9,581

8,696

Cash in hand

3,550

5,037

15,294

22,071

CREDITORS

Amounts falling due within one year

277,247

305,349

NET CURRENT LIABILITIES

(261,953

)

(283,278

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(249,162

)

(252,033

)

CREDITORS

Amounts falling due after more than one
year

14,000

3,000

NET LIABILITIES

(263,162

)

(255,033

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(263,164

)

(255,035

)

SHAREHOLDERS' FUNDS

(263,162

)

(255,033

)

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 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 31 May 2017 and were signed by:

S D Tate - 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.

Intangible fixed assets

Franchise and legal fees are amortised over the estimated useful life of 10 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

-

20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

5,411

AMORTISATION

At 1 September 2015

3,787

Amortisation for year

541

At 31 August 2016

4,328

NET BOOK VALUE

At 31 August 2016

1,083

At 31 August 2015

1,624

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

221,696

DEPRECIATION

At 1 September 2015

192,075

Charge for year

17,913

At 31 August 2016

209,988

NET BOOK VALUE

At 31 August 2016

11,708

At 31 August 2015

29,621

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

5.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company.