Ann Nisbet Ltd - Accounts to registrar (filleted) - small 17.3

Ann Nisbet Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: SC456443 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ANN NISBET LTD

ANN NISBET LTD (REGISTERED NUMBER: SC456443)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANN NISBET LTD

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTOR: Ms. A G Nisbet





REGISTERED OFFICE: C/O Kean Jarman & Co.
27 Ingram Street
Glasgow
G1 1HA





REGISTERED NUMBER: SC456443 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

BALANCE SHEET
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,377 1,620

CURRENT ASSETS
Stocks 7,500 3,262
Debtors 5 52 -
Cash at bank 7,729 2,355
15,281 5,617
CREDITORS
Amounts falling due within one year 6 6,518 6,137
NET CURRENT ASSETS/(LIABILITIES) 8,763 (520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,140

1,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,040 1,000
SHAREHOLDERS' FUNDS 10,140 1,100

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 18 December 2017 and were signed by:





Ms. A G Nisbet - Director


ANN NISBET LTD (REGISTERED NUMBER: SC456443)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Ann Nisbet Ltd is a private company, limited by shares , registered in Scotland. The company's registered number
and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2016
and 31 March 2017 2,161
DEPRECIATION
At 1 April 2016 541
Charge for year 243
At 31 March 2017 784
NET BOOK VALUE
At 31 March 2017 1,377
At 31 March 2016 1,620

ANN NISBET LTD (REGISTERED NUMBER: SC456443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 52 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Tax 1,349 682
Social security and other taxes 323 -
Other creditors - 602
Directors' current accounts 3,346 2,683
Accrued expenses 1,500 2,170
6,518 6,137

7. RELATED PARTY DISCLOSURES

At the year end the company director was owed £3,346 (2016-£2,683) in unpaid expenses. £3,346 was the
maximum amount outstanding during the year.