Deko Scotland Limited - Limited company - abbreviated - 11.6

Deko Scotland Limited - Limited company - abbreviated - 11.6

INDEGLAS LIMITED - Company Information

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REGISTERED NUMBER: SC212827 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

DEKO SCOTLAND LIMITED

DEKO SCOTLAND LIMITED (REGISTERED NUMBER: SC212827)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014










Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 4

DEKO SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2014







DIRECTOR: Mrs J B MacIntyre





SECRETARY: Mrs J B MacIntyre





REGISTERED OFFICE: 7 Duncan McIntosh Road
Cumbernauld Airport
Cumbernauld
G68 0HH





REGISTERED NUMBER: SC212827 (Scotland)





ACCOUNTANTS: Consilium Chartered Accountants
169 West George Street
Glasgow
G2 2LB
Page 1
DEKO SCOTLAND LIMITED (REGISTERED NUMBER: SC212827)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 32,571 27,823
32,571 27,823

CURRENT ASSETS
Stocks 24,840 41,724
Debtors 694,115 567,136
Cash at bank 51,588 121,737
770,543 730,597
CREDITORS
Amounts falling due within one year 4 681,501 643,290
NET CURRENT ASSETS 89,042 87,307
TOTAL ASSETS LESS CURRENT LIABILITIES 121,613 115,130

CREDITORS
Amounts falling due after more than one year 4 (3,897 ) (3,000 )

PROVISIONS FOR LIABILITIES (5,667 ) (4,525 )
NET ASSETS 112,049 107,605

CAPITAL AND RESERVES
Called up share capital 5 3 3
Profit and loss account 112,046 107,602
SHAREHOLDERS' FUNDS 112,049 107,605

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these abbreviated accounts

Page 2 continued...
DEKO SCOTLAND LIMITED (REGISTERED NUMBER: SC212827)

ABBREVIATED BALANCE SHEET - continued
28 FEBRUARY 2014


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 26 November 2014 and were signed by:





Mrs J B MacIntyre - Director


The notes form part of these abbreviated accounts

Page 3
DEKO SCOTLAND LIMITED (REGISTERED NUMBER: SC212827)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014


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 April 2008).

Exemption from preparing a cash flow statement
The Company has adopted the Financial Reporting Standard for Smaller Entities (effective April 2008) and is consequently
exempt from the requirement to include a cash flow statement in the financial statements.

Turnover
Turnover represents the value of work done in the year, including estimates of amounts not invoiced, net of Value Added
Tax. The value of work done in respect of long term contracts and contracts for ongoing services is determined by
reference to the stage of completion.

Goodwill
Goodwill arising on the acquisition of a business represents the excess of the cost of acquisition (being the cash paid and
the fair value of other consideration given) over the fair value of the separate net assets acquired. The fair value of
acquired assets and liabilities are assessed in the year of acquisition and the subsequent year, which may impact on the
goodwill recognised. Goodwill is capitalised and written off on a straight line basis over its economic useful life.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated
useful economic life of that asset as follows:

Goodwill - over 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 15 years straight line
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% straight line
Computer equipment - 15 - 33% reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs
of acquisition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items. Cost is purchase price on a first-in first-out basis.

Work in progress
Work in progress is valued on the basis of direct material and labour costs plus attributable overheads based on a normal
level of activity.

For long term contracts, profit is recognised by reference to the stage of completion of each contract where there is
reasonable certainty that the contract will be profitable. Where the outcome of the contract cannot be established with
reasonable certainty, no profit is recognised. Foreseeable losses are provided for in full at the point at which the loss is
anticipated.

Where amounts invoiced exceed the value of work done, the excess is accounted for as payments received on account and
is included within creditors. Where the value of work done exceeds the amounts invoiced, the excess is accounted for as
amounts recoverable on contracts and is included within debtors.


Page 4 continued...
DEKO SCOTLAND LIMITED (REGISTERED NUMBER: SC212827)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2014


1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date where transactions or events have occurred at that date that will result in an obligation to pay more tax, or a right to
pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax
assets and liabilities recognised have not been discounted.

Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Hire purchase and leasing commitments
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.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value, and
are depreciated in accordance with the above depreciation policies.

Future instalments payable under such agreements, net of finance charges, are included within creditors. Rentals payable
are apportioned between the capital element, which reduces the outstanding obligation included within creditors, and the
finance element, which is charged to the profit and loss account on a straight line basis.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments,
according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at
principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the
outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated
financial instrument.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013
and 28 February 2014 7,000
AMORTISATION
At 1 March 2013
and 28 February 2014 7,000
NET BOOK VALUE

At 28 February 2014 -
At 28 February 2013 -

Page 5 continued...
DEKO SCOTLAND LIMITED (REGISTERED NUMBER: SC212827)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013 70,308
Additions 18,105
Disposals (5,924 )
At 28 February 2014 82,489
DEPRECIATION
At 1 March 2013 42,485
Charge for year 13,357
Eliminated on disposal (5,924 )
At 28 February 2014 49,918
NET BOOK VALUE
At 28 February 2014 32,571
At 28 February 2013 27,823

4. CREDITORS

Creditors include an amount of £ 10,794 (2013 - £ 12,505 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
3 Ordinary £1 3 3

6. ULTIMATE PARENT COMPANY

Kewcalian Limited is regarded by the director as being the Company's ultimate parent company.

Page 6