NCC_SCOTLAND_LIMITED - Accounts

NCC SCOTLAND LIMITED - Company Information

Print Friendly Version

Company Registration No. 06210939 (England and Wales)

NCC SCOTLAND LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

NCC SCOTLAND LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NCC SCOTLAND LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

821

966

Current assets

Stocks

27,383

31,071

Debtors

105,983

121,068

Cash at bank and in hand

34,345

39,658

167,711

191,797

Creditors: amounts falling due within one year

(104,109)

(135,316)

Net current assets

63,602

56,481

Total assets less current liabilities

64,423

57,447

Provisions for liabilities

(164)

(193)

64,259

57,254

Capital and reserves

Called up share capital

400

Profit and loss account

63,859

56,854

Shareholders' funds

64,259

57,254

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 January 2015

................................

G Cook

A E Harvey

D C Mackay

Director

Company Registration No. 06210939

NCC SCOTLAND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% Straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 June 2013 & at 31 May 2014

2,840

Depreciation

At 1 June 2013

1,874

Charge for the year

145

At 31 May 2014

2,019

Net book value

At 31 May 2014

821

At 31 May 2013

966

NCC SCOTLAND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

150 'A' Shares of £1 each

150

50 'B' Shares of £1 each

400