J Watson Smith Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC263732 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

J WATSON SMITH LIMITED

Page

Company Information

1

Balance Sheet

2

DIRECTORS:

Mr J W Smith

Mrs L S Smith

SECRETARY:

Mrs L S Smith

REGISTERED OFFICE:

38 Craigpark Place

Ellon

Aberdeenshire

AB41 9FG

REGISTERED NUMBER:

SC263732 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

28 Broad Street

Peterhead

Aberdeenshire

AB42 1BY

BANKERS:

Bank of Scotland

The Direct Business Bank

600 Gorgie Road

Edinburgh

EH11 3PX

FIXED ASSETS

1,392

1,760

CURRENT ASSETS

7,052

6,550

CREDITORS

Amounts falling due within one year

(6,226

)

(5,330

)

NET CURRENT ASSETS

826

1,220

TOTAL ASSETS LESS CURRENT LIABILITIES

2,218

2,980

CAPITAL AND RESERVES

2,218

2,980

NOTE TO THE FINANCIAL STATEMENTS

1.	DIRECTORS LOANS

The following advances and credits from directors subsisted during the years ended 31 March 2017 and 31 March 2016:

2017

2016

£

£

Mr J W Smith and Mrs L S Smith

Balance outstanding at start of year

2,949

12,251

Amounts advanced

7,591

3,442

Amounts repaid

(7,444

)

(12,744

)

Balance outstanding at end of year

3,096

2,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 November 2017 and were signed on its behalf by:

Mr J W Smith - Director