S.A.M.S. (Scotland) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC397386 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

S.A.M.S. (Scotland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Harvie

D Harvie

SECRETARY:

D Harvie

REGISTERED OFFICE:

Meikledrumgray Farm

Wattson

Airdrie

Lanarkshire

ML6 7TY

REGISTERED NUMBER:

SC397386 (Scotland)

ACCOUNTANTS:

Stuart McGregor LLP

Chartered Accountants

Comac House

2 Coddington Crescent

Eurocentral

Lanarkshire

ML1 4YF

FIXED ASSETS

Intangible assets

2

24,500

28,000

Tangible assets

3

12,226

16,302

36,726

44,302

CURRENT ASSETS

Stocks

1,627

2,280

Debtors

32,084

19,279

Cash at bank and in hand

8,637

7,073

42,348

28,632

CREDITORS

Amounts falling due within one year

72,995

68,969

NET CURRENT LIABILITIES

(30,647

)

(40,337

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,079

3,965

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

6,077

3,963

SHAREHOLDERS' FUNDS

6,079

3,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 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 Board of Directors on 31 October 2014 and were signed on its behalf by:

S Harvie - Director

D Harvie - Director

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

35,000

AMORTISATION

At 1 May 2013

7,000

Amortisation for year

3,500

At 30 April 2014

10,500

NET BOOK VALUE

At 30 April 2014

24,500

At 30 April 2013

28,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

27,352

DEPRECIATION

At 1 May 2013

11,050

Charge for year

4,076

At 30 April 2014

15,126

NET BOOK VALUE

At 30 April 2014

12,226

At 30 April 2013

16,302

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary £1.00

1.00

2

2