CALEDONIAN BISON LIMITED - Accounts 2014


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/11/2014

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is SC293865


Registered Number: SC293865

BALANCE SHEET AT 30/11/2014

			2014		2013
	Notes		£		£

FIXED ASSETS
Tangible assets	2		3,865		91,553

CURRENT ASSETS
Stock		-		12,500
Debtors (amounts falling due within one year)	3	-		109
Cash at bank and in hand		1,918		-
		1,918		12,609
CREDITORS: Amounts falling due within one year		6,565		111,568
NET CURRENT LIABILITIES			(4,647)		(98,959)
TOTAL ASSETS LESS CURRENT LIABILITIES			(782)		(7,406)

CAPITAL AND RESERVES

Called up share capital	4		3		3
Revaluation reserve	1h,5		-		84,208
Profit and loss account			(785)		(91,617)
SHAREHOLDERS' FUNDS			(782)		(7,406)

For the year ending 30/11/2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 16/01/2015 and signed on their behalf by




Shelagh Bonner-Shand
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		25%




1d. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1e. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1f. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1h. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 5).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.




3. DEBTORS	2014	2013
	£	£

Amounts falling due within one year:
VAT	-	109
	-	109




4. SHARE CAPITAL	2014	2013
	£	£
Allotted, issued and fully paid:
3 Ordinary shares of £1 each	3	3
	3	3